Energy storage for renewables integration to reach $23B by 2026

Standalone solar generation is proving to be economical without subsidies and without storage attached, “which can make ESSs unnecessary from a financial standpoint,” the report noted. Navigant research analyst Adam Wilson said because of the continued price drop in energy storage, solar PV and wind, storage for renewables integration is forecast to see strong growth across both utility-scale and behind-the-meter applications.

“Interestingly, while utility-scale renewable prices are experiencing bigger declines, formidable drivers in the BTM market, such as peak shaving and incentive programs specific to energy storage, are expected to push the segment to account for roughly two-thirds of forecast global ESRI capacity through 2026,”
Wilson said. Asia Pacific is expected to lead all regions in ESRI deployment through the forecast period, reaching annual installed power capacity of 11,180 MW in 2026, the firm predicts. Source / More: oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>