SOLAR-PLUS-STORAGE MARKET TO BOOM

Coupled Solar and Energy Storage Market to Grow to $2.8 Billion in 2018; Dominated by grid installations, this market segment will be a boon to energy storage producers but have only a modest impact on the solar market…

September 10, 2013 (Lux Research)

"…This symbiotic match [of the solar and energy storage sectors] shows promise, yielding a $2.8 billion market over the next five years, according to Lux Research…Grid-tied solar installations will comprise 675 MW, or nearly 95% of the combined 711 MW market, while off-grid applications including telecom power claim the remaining 5%...As lithium-ion (Li-ion) batteries and overall storage arrays fall in price, residential systems will gain the most, growing to 382 MW in 2018. The light commercial segment will increase to 220 MW while heavy commercial/industrial systems lag, growing only to 73.3 MW…Japan is the worldwide leader [with 381 MW]…Germany will come in second at 94 MW, while the U.S. will be third at 75 MW…[New] policies may dramatically increase the market…” click here for more

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