Financial services giant Morgan Stanley has anticipated that the US energy storage market will grow faster than current consensus expectations, while Deloitte has earmarked the technology for exponential growth – although not perhaps this year.
Software for energy storage systems will be a mixture of in-house solutions by integrator/ developers and third-party providers, in an industry segment set for a steep rise in value, according to one expert.
New value propositions which will radically change the way energy is generated and used by end-customers are already accelerating energy storage market growth. Julian Jansen of Delta-ee takes a look at three distinctive types of business model which are taking shape.
Andy Colthorpe and Ben Willis profile some of the companies and technologies making waves in the fast-changing world of stationary energy storage, in a feature article which originally appeared in the seventh issue of PV Tech Power.
Another period of growth in US energy storage was enjoyed in the first quarter of 2016, up by 127% year-over-year compared to the equivalent period in 2015, GTM Research has found.
While seeming “tech breakthroughs” garner a great deal of media attention, the three key factors in determining the likely impact of storage tech companies are innovative technology, scalability and a proven track record, a Bloomberg New Energy Finance analyst has said.
The head of an Australian solar installer has criticised Tesla’s marketing of its residential energy storage devices, claiming that potential end customers have been given unrealistically low expectations on the system’s pricing.
A small number of regional markets are leading the way for energy storage deployment in the US, but this is likely to change in the near future, an analyst from GTM Research has said.
This year will be the one when “PV energy storage systems (PVESS) make an enormous leap toward wide-scale adoption”, according to research firm IHS.
