Authors: Z. Strong
Affilation: Copper Development Association, United States
Pages: 431 - 434
Keywords: energy storage, copper U.S. growth
A first-of-its-kind study commissioned by the Copper Development Association Inc. (CDA) evaluate the current and future market for grid energy storage in the U.S. and the associated copper demand in storage applications over the next five years. The study conducted by KEMA Inc., entitled Market Evaluation for Energy Storage in the United States, found a tremendous potential for growth in this sector fueled by investments and governmental policies, since there is a strong desire for energy independence and a need to stabilize peak load times. We propose that Zolaikha Strong present the study's findings at CleanTech Energy & Efficiency 2014. The study found that industry analysts forecast that the global market for energy storage could be upward of 300 GW in size and $200–$600 billion in value over the next 10 to 20 years. The future U.S. grid energy storage market value is also forecast to reach between two to four gigawatts in size by 2016 in some of the most promising grid energy storage applications – ancillary services, renewable energy integration, transmission support and community energy services.