1. Utility Participation Key to Driving Residential Storage Growth

    Utility Participation Key to Driving Residential Storage Growth

    Residential energy storage is a niche market now, but it is going to build momentum over the next 10 years, according to a new report from Navigant Consulting, opening opportunities for utilities to harness the technology. The report’s authors see residential energy storage growing to a 3,773 MW market by 2025 from nearly 95 MW today. In that same time frame, they see the North American residential storage market rising 55%, hitting 800 MW from the current 15 MW.

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    1. That is an approach we expect to see, utility rates that promote peak shaving and help align usage with solar output.
  2. Topics Mentioned

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  4. Categories

    1. Electricity Source:

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

      Commercial & Industrial, Microgrid & Community, Military, Residential, 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