HUGE BOOM DUE IN NEW ENERGY STORAGE

Energy Storage for Renewables Integration; Market and Technology Issues, Business Cases, Key Industry Players, and Market Forecasts for Energy Storage Systems for Renewable Energy Integration

3Q 2015 (Navigant Research)

“The fastest-growing renewable energy markets continue to be solar PV and wind…[Increased penetrations of variable] generation present challenges to the electrical grid, which was designed using a centralized model with predictable power flows…[They] can cause distortions in the energy market and instability on the grid…[They also present] opportunities for energy storage systems (ESSs) situated either at the distribution grid or behind the meter…While system costs are still one of the biggest barriers to the industry’s growth, declining prices and a flood of new systems integrators are opening up new use cases and geographic markets. According to Navigant Research, global new installed energy storage systems for renewable energy integration (ESRI) power capacity is expected to grow from 196.2 MW in 2015 to 12.7 GW in 2025…” click here for more

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