03-26-2014, 02:15 AM
With the announcement of California’s energy storage procurement target of 1,325 MW by 2020, and other states working hard to follow in their footsteps, developers are now focused on moving storage technologies from demonstration to commercialization. However, from increasing efficiencies and the reducing costs of existing technologies, to securing investment for commercial deployment, there are still a number of roadblocks that must be overcome to commercialize storage technologies. This guide explores the current status of energy storage commercialization and provides insight into the role of banks and venture capital in bringing technologies to market. It also explores the positive impact that California’s storage mandate could have on market growth, as well as the key lessons that can be learned from other renewable technologies to achieve commercialization.
NewEnergyNews: TODAY’S STUDY: ENERGY STORAGE COMES TO MARKET