Energy Storage-Enabled Virtual Power Plants Are Expected to Invade Energy Markets, According to Navigant Research
BOULDER, Colo.--A new white paper from Navigant Research examines five major trends and the related market forces expected to shape the future of the energy storage industry in 2016 and beyond. The global energy storage industry reached significant milestones in 2015, and momentum is expected to continue as rapidly falling technology costs and innovative business models combine with government policies and regulatory reforms to create a dynamic market for energy storage. As the industry matures, Navigant Research foresees five trends likely to shape the future of energy storage, including one that represents a key business model for distributed energy storage. Click to tweet: According to a new report from Navigant Research, energy storage-enabled virtual power plants (VPPs) are expected to invade energy markets, serving as highly networked systems and precursors to a fully functional Energy Cloud.