A new report authored by Stephen Byrd, a utility and cleantech analyst at Morgan Stanley, and Adam Jonas, its auto analyst, shows that they are bullish on the market for grid storage products. “Demand for energy storage from the utility sector will grow more than the market anticipates by 2019–2020,” the pair says.
The Morgan Stanley reports predicts the demand for grid-scale storage will increase from less than $300 million a year today to as much as $4 billion in the next 2–3 years. Byrd and Jonas believe there will soon be demand for up to 85 gigawatt-hours of storage — worth about $30 billion a year. 85 GWh would be enough to supply most of New York City for a year.
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