NewEnergyNews More: SOLAR STORAGE MARKET SHIFTING, GROWING

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    • Monday, September 23, 2013

    SOLAR STORAGE MARKET SHIFTING, GROWING

    From Worst to First: Commercial Segment Set to Lead Solar Energy Storage Market by 2017

    September 18, 2013 (IHS, Inc)

    “Currently the smallest part of the global solar energy storage business, the commercial sector is projected to expand by a factor of 700 in the coming years and become the largest market segment in 2017…Global installations of photovoltaic (PV) storage systems for commercial use are set to rise to 2.3 gigawatts (GW) in 2017, up from a mere 3.2 megawatts in 2012, according to…IHS Inc. (NYSE: IHS)…This will increase the commercial segment’s share of PV installations to 40 percent in 2017, up from 5 percent in 2012…An energy storage solution can be used to shift PV energy from when it is generated for on-site use during periods when [higher] charges apply…PV energy storage in commercial applications also can provide back-up power in regions where there are weak and unreliable grids…” click here for more

    click to enlarge

    posted by Herman K. Trabish @ 6:04 AM

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