NanoMarkets: Market for energy storage to accompany solar to reach USD 2 billion by 2018

22 Jan. 2013 by

SOLARSERVER - NanoMarkets LLC (Glen Allen, Virginia, US) has released a new report which predicts that the market for energy storage solutions to accompany solar photovoltaic (PV) generation will reach almost USD 2 billion in revenues by 2018.

"Solar Storage Markets - 2013" forecasts that lead-acid batteries will remain the most popular technology, accounting for more than USD 950 million in 2018 revenues. The report also notes an increase in interest in the use of lithium batteries, sales of which it expects to reach USD 235 million by 2018.

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