Storage becoming mainstream, Navigant report says

A new report from Navigant Research tracks global energy storage projects, providing data on the country, region, market segment, capacity, status, technology vendor, systems integrator, applications, funding, investment, and key milestones of each project. The report found a total of 1,420 energy storage projects worldwide, encompassing more than 43,000 individual systems.

          Navigant says “Energy storage is shifting from being considered a nonessential but desirable addition to renewable energy projects into a standalone solution that provides customers and system owners significant value. The traditional emerging markets in the energy storage sector have become prime targets for both new and established industry participants. New projects are being announced on a weekly basis in 2017, and the global energy storage industry is continuing to explore different business cases that make energy storage systems (ESSs) profitable. Innovative applications like renewables integration and behind-the-meter (BTM) systems are becoming economically attractive, resulting in the continued emergence of new geographic markets.

          Visit https://www.navigantresearch.com/research/energy-storage-tracker-1q17 for details.