NewEnergyNews: 30X Growth In Distributed Storage Over The Next Decade

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    Friday, July 21, 2017

    30X Growth In Distributed Storage Over The Next Decade

    Country Forecasts for Distributed Energy Storage; Distributed Energy Storage System Capacity and Revenue Forecasts for Leading Countries

    July 20, 2017 (Navigant Research)

    “…[The industry for distributed energy storage systems (DESSs) installed behind the meter (BTM) for either commercial and industrial (C&I) or residential buildings continues] to mature substantially… New products recently launched in the market [from numerous vendors] are much more fully integrated and modular plug-and-play systems…Perhaps the most significant advancement in this industry has been the increasingly sophisticated software and control platforms for DESSs that allow systems to be virtually aggregated to provide grid services and participate in wholesale markets…System providers are capitalizing on this new opportunity by maintaining ownership of DESSs through shared savings and lease models…[T]he market remains highly concentrated in select areas around the world. According to Navigant Research, global annual DESS capacity additions are expected to grow from 683.9 MW in 2017 to 19,699.7 MW by 2026…” click here for more

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