LONDON, May 28, 2015 /PRNewswire/ -- Energy storage is becoming an essential element in today's world. Increasing importance of renewable energy, coupled with supportive legislations that promote usage of solar photovoltaic (PV) and wind turbines, is driving the demand. Large scale PV farms and offshore wind farms in the United States, China and Europe make energy storage and its future interesting and inevitable. Frost & Sullivan has identified renewable grid integration as a key application.
"Rapid increase in deployment of residential, commercial and utility scale energy storage promises high potential for energy storage in the next 10 years. Upcoming technology trends aimed at improving battery chemistries augment growth further," says Research Manager Suba Arunkumar.
During the conference Frost & Sullivan will present a comprehensive analysis of the increasing energy demand and storage, the role of convergence in the energy storage domain. The analysts will also discuss the business models involved in implementing energy storage.
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- For more information about Frost & Sullivan's Energy practice, please visit: http://ww2.frost.com/research/industry/energy-power-systems.
- LinkedIn: Future of Energy
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SOURCE Frost & Sullivan