Grid modernization to drive push for new storage technologies

11/12/2012 | TMCNet.com

The maturation of the smart grid will drive robust demand for new technologies that can capture, store and rapidly deploy surplus energy, according to a forecast from Pike Research. The market for so-called "spinning reserves" will grow by 40% through 2022 -- generating revenue of $578 million -- with "newer forms of energy storage" expected to play a larger role, the research firm said.

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