After the hype and growth, and more hype, surrounding US energy storage in during 2012 and 2013, was followed by a relative slump in the following years; experts now seem to agree that 2016 represents the second wave for the American energy storage sector. Statistics from Memoori, IHS, GTM and the US Department of Energy (DOE), all point to a stellar year for a technology once touted as the catalyst for the renewable energy revolution. “Although energy storage is a nascent market, it is poised to become more significant in the years ahead. A number of factors including decreasing costs of battery energy storage systems, government funding programs and utility tenders are helping to increase both the interest and viability of distributed energy storage, particularly in developed markets”, explained the Memoori report released last week: Smart Buildings Meet the Smart Grid – http://memoori.com/portfolio/smart-buildings-meet-smart-grid-2015-to-2020. Battery cost reductions, government funding programs and utility tenders led to a […]