| Wood Mackenzie forecasted last week that expected world deployment of battery storage has dropped 19% compared with previous forecasts, reports E&E News. Despite these predictions, 2020 will remain a record-setting year for the energy storage industry. Bloomberg New Energy Finance predicts that China’s demand for energy storage will plummet from 74GWh to as low as 65GWh. Wood Mackenzie continues to make bullish predictions for the global energy storage market in years ahead. By 2025, it may grow 13 times over, to 230 GWh, as investment expands from last year’s $18 billion to $100 billion. Read More |