The market for energy storage on the power grid is growing at a rapid clip, driven by declining prices and supportive government policies. Based on our research on the operation and costs of electricity grids, especially the benefits of new technologies, we are confident energy storage could transform the way American homeowners, businesses and utilities produce and use power. Energy storage in this context simply means saving electricity for later use. It’s like having a bunch of rechargeable batteries, but much larger than the ones in your cellphone and probably connected to the grid.
Renew Economy 23rd March 2018 read more »