Market for Lithium-ion Batteries Expected to Grow 4X by 2020

The global lithium-ion battery market should experience exuberant growth in next few years says a new report by Frost and Sullivan. The firm urges li-ion battery makers to include the grid and renewable energy storage segment in their growth strategy as the stationary energy storage market is likely to be the leading consumer of lithium-ion batteries in the future. In addition, utility companies will continue to seek smart grid solutions that use these batteries.

via Renewable Energy News – RenewableEnergyWorld.com http://ift.tt/1vSOcB2

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