Current trends and future bets

What role will offshore pumped hydro play in the future of energy storage? Photo credit: Green Power Island

We review energy storage trends in 2013 and look at the future of energy storage. Could 2014 be the year of offshore pumped hydro storage? Photo credit: Green Power Island

Energy storage has come a long way in the last 12 months. While the pace of change will undoubtedly not have been quick enough for many in the industry, the fact remains that interest in and awareness of energy storage as a critical component of future power generation strategies has increased significantly.

And within this general uptick in importance, a number of notable trends are starting to emerge. Some of them, such as the pressures on battery price and performance, have been around for a while and will continue to be highly relevant in 2014.

Ignoring such perennial issues, though, here are three points that we think were particularly significant in shaping the industry in the last year.
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