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ARTICLE · 14 AUGUST 2017

Energy Storage Developments In Canada, The U.S. And Beyond In The Last Twelve Moths

Aird & Berlis LLP
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To provide some background on where energy storage stands today, GTM Research reported that the U.S. energy storage market alone is expected to increase tenfold to US$3.2 billion from 2016 to 2022...

CanadaEnergy and Natural Resources
David Stevens
David Stevens
Jasmine Chung
Jasmine Chung
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Energy Storage Developments In Canada, The U.S. And Beyond In The Last Twelve Moths

The topic of energy storage has been front and centre in the energy world in the past twelve months. As discussed previously ( here and here), energy storage has been referred to by many commentators as a "game changer" because it will greatly improve the efficient use of electricity resources (generation, transmission, distribution). In this article, we explore recent storage developments in Canada, the U.S. and beyond that have occurred since we introduced this topic last year.

Background

To provide some background on where energy storage stands today, GTM Research reported that the U.S. energy storage market alone is expected to increase tenfold to US$3.2 billion from 2016 to 2022, according to a recent report of the U.S. Energy Storage Monitor. One possible reason for the anticipated increase is that the cost to implement storage technologies has dropped significantly,

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