By Kathie Zipp Energy storage currently represents a tiny portion of the electricity and power industry—21 GW of capacity and about 2% of the nation’s peak demand, according to the Energy Storage Association (ESA). But that number is growing with more renewable energy. IMS Research notes that the global solar+storage market was less than $200 million in 2012, but will jump to $19 billion by 2017. That growth will involve a number of battery storage technologies.
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