Storage For New Energy To Boom
Energy Storage for Renewables Integration; Energy Storage Integrated with Utility-Scale Solar PV, Utility-Scale Wind, and Behind-the-Meter Generation: Drivers, Barriers, and Global Market Forecasts
4Q 2017 (Navigant Research)
“The costs to develop new renewable energy projects continue to drop around the globe while policy incentives, target capacity mandates, and resilience demand for behind-the-meter (BTM) customers continue to increase. As a result, capacity for wind and solar PV continue to rise in all regions and market segments—from small residential systems to utility-scale systems…[But] the large-scale addition of these variable forms of generation presents challenges to an electrical grid…Energy storage systems (ESSs) can help mitigate potential grid concerns and integrate renewable energy resources without affecting grid reliability…[Asia Pacific is expected to lead all regions in deployment…[It is forecast to reach] annual installed power capacity of 11,180.0 MW in 2026…[Total annual revenue] is forecast to reach $23,201.0 million by 2026…” click here for more
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