Smart Grids Spur Massive Demand for Lithium Ion Batteries
The expected proliferation of electrical smart grids during the next decade will generate nearly $6 billion worth of demand by 2020 for lithium ion batteries used mainly in energy storage systems, according to the IHS iSuppli Rechargeable Batteries Special Report (?Strong Growth to Drive Lithium-ion Battery Market to $54 Billion by 2020?) from information and analysis provider IHS.
Source: http://feeds.novustoday.com/~r/SolarNovus/~3/OIXiHapSm-g/index.php
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