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The Electricity Storage Association: New Study Released by the Copper Development Association Predicts Healthy Growth for Energy Storage Industry [Professional Services Close - Up]
(Professional Services Close - Up Via Acquire Media NewsEdge) The Electricity Storage Association, a trade association dedicated to fostering the development and commercialization of energy storage technologies, commended the findings of a report released by the Copper Development Association that forecasts growth and lower cost throughout the energy storage market.
According to a release, the Copper Development Association is the information, education, market and technical development arm of the copper, brass and bronze industries in the USA. The Copper Development Association's paper "U.S. Grid Storage Market Study," which was conducted by KEMA, evaluates the near-term, five year market for grid energy storage technologies in the United States.
Officials noted that the findings indicate that the market for energy storage is robust with a great deal of potential; the study estimates between two and four gigawatts of energy storage could be developed depending on financial incentives. Over the next five years, it is expected that the cost of energy storage will decrease, investment will continue, and demonstrations will move into full commercialization.
Brad Roberts, Executive Director of the Electricity Storage Association, said, "We are thrilled that an outside analysis affirms what the energy storage industry has already been seeing. The next five years will be critical and provide enormous opportunity to move storage technologies to full commercialization."
((Comments on this story may be sent to newsdesk@closeupmedia.com))
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