Energy storage will increase 40-fold in developing countries

Over the next eight to nine years, energy storage capacity in developing countries is expected to skyrocket from 2 gigawatts (GW) today to more than 80GW, according to a new report by the World Bank Group.
The report, "Energy Storage Trends and Opportunities in Emerging Markets," indicates the annual growth in energy storage capacity will exceed 40% each year over the next decade. Navigant Research
The study, commissioned by the International Finance Corporation (IFC) and the World Bank-adminis