BOULDER, Colo., Feb. 3, 2022 /PRNewswire/ — A new report from Guidehouse Insights provides global estimates for annual deployments of new utility-scale energy storage (UES) projects focusing on power capacity, energy capacity, and project deployment revenue, segmented by region, technology, and the applications or services.
UES is a multifaceted technology capable of providing a range of grid services and improving overall power system efficiency. The increasing use of solar and wind generation is driving global interest in energy storage to maintain grid stability and increase efficiency. According to a new report from Guidehouse Insights, Asia Pacific is expected to surpass North America and become the largest UES market overall with a cumulative 71.4 GW of new UES capacity, representing a compound annual growth rate (CAGR) of 22.6% by 2030.
“The UES market continues to develop…
Guidehouse Insights Estimates the Asia Pacific Utility-Scale Energy Storage Market to Grow at a Compound Annual Growth Rate of Nearly 23% by 2030
