Global battery energy storage system installed capacity will exceed 14 Gigawatts by 2020, says GlobalData

Global battery energy storage system (BESS) installed capacity is set to grow from 1.5 Gigawatts (GW) in 2015 to over 14 GW by 2020, as large numbers of projects are planned to be commissioned over the forecast period due to increasing renewable installations and focus on grid stability, according to research and consulting firm GlobalData.
The company’s latest report states that the introduction of BESS in the power sector covers a vast range of applications, resolving concerns such as energy time shift (energy storage when electricity prices are low and energy discharge when prices are high), load following and frequency regulation (balancing electric supply and end-user demand), renewable capacity continuity, transmission congestions relief, and energy tariff cost management. ….