By the end of the decade, energy storage will undergo dramatic changes as transportation and stationary applications’ $23 billion in revenues nearly catch up to consumer electronics’ $27 billion. Within these figures are staggering application shifts, like micro-hybrids overtaking the pure internal combustion engine as the most popular transportation drivetrain, and plug-in vehicles becoming the most important source of energy storage revenues in transportation applications. Stationary applications are hampered by high project prices, and need a cost breakthrough to reach more than $5 billion in sales.
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