NY-BEST News: Economic Development

Economic Impact Study

Friday, October 5, 2012  
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Economic Impact Study

Broad economic, environmental, regulatory and technology trends are driving increasing interest in energy storage technologies and rapid growth in energy storage markets in all regions of the globe.The market for energy storage is driven by a variety of complex and interconnected factors. The rate of adoption of new energy storage technologies and the timing of market growth varies significantly by application, geography and location of use. Competitive value propositions, in terms of performance and cost, are critical to achieving high levels of market penetration in every application.

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