Report: storage for ancillary services

Energy storage for ancillary services will surpass USD$3.8bn in annual revenue by 2023, forecasts Navigant Research. Ancillary services, such as frequency regulation and voltage support, are required to maintain safe, reliable and secure transmission of electricity on the grid. As the technical need for ancillary services grows over the next 10 years, the corresponding demand for energy storage systems that support these services will grow as well.

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