1. Global Annual Deployments of Residential Energy Storage Systems

    Global Annual Deployments of Residential Energy Storage Systems

    A new report from Navigant Research examines trends in the residential energy storage industry, providing an analysis of utility involvement, business models, and a projected growth path, with global market forecasts for capacity and revenue in major regions, through 2025. Momentum in the residential energy storage industry is growing rapidly as utilities begin to recognize the value residential energy storage systems (RESSs) can provide. The growing popularity of these systems—driven by a growing residential solar PV industry, falling systems costs, rising electricity prices, and a push to improve resiliency—holds enormous potential to dramatically alter the electricity industry in terms of the grid’s physical structure, business models, and utility-customer relationships. Click to tweet: According to a new report from @NavigantRSRCH, global annual deployments of RESSs are expected to increase from 94.9 MW in 2016 to 3,773.3 MW in 2025.

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  1. Quotes

    1. While the economics of RESSs to save customers money only pencil out in certain markets, the involvement of utilities in this space opens significant new opportunities for market growth.
  2. Topics Mentioned

  3. Categories

    1. Electricity Source:

      Solar Photovoltaic, Wave, Tidal, Hydro, Wind
    2. Storage Market:

      Commercial & Industrial, Military, Residential & Community & Microgrid, Smart Grid, Utility Grid, Vehicle-to-Grid/Home
    3. Storage Technology:

      Compressed Air/Gas, Flow Battery, Flywheel, Hydrogen, Lead, Liquid Metal, Lithium, Magnesium, Mechanical Storage, Nickel, Pumped Hydro, Sodium, Supercapacitors, Thermal, Vanadium, Zinc
    4. Article Types:

      Null, Reports and Conferences