Energy storage will increasingly be deployed to save money on electricity transmission and distribution (T&D) infrastructure, with nearly half of the global market to be found in the Asia-Pacific region by 2026, Navigant Research has said.

While lithium-ion is rapidly racing ahead to become the “de facto grid storage solution” and is the most popular technology choice by far, vendors of other types of batteries are also targeting the market, with varying degrees of success.

While the global energy storage industry has continued its pace of rapid growth during the past year, well-established markets remain highly concentrated in specific regions of the world. Alex Eller of Navigant Research discusses many of the factors influencing growth trends for energy storage at both utility-scale and distributed levels.

An analyst at Navigant Research has said he was surprised to see Tesla dominate California’s SGIP (Self-Generation Incentive Program) applications, with the Silicon Valley car and tech company accounting for half of all requested funds.

Hybrid systems combining the complementary aspects of more than one technology could “change the energy storage landscape”, with 2.1GW predicted for deployment in less than 10 years, according to a report from Navigant Research.

In less than 10 years, distributed solar-plus-storage systems will reach 27.4GW worldwide and be worth more than US$49.1 billion, with Asia and Western Europe leading the way, a new report from Navigant Research has forecast.

Software platforms are emerging as a crucial element in the rapidly expanding energy storage industry. Alex Eller of Navigant Research explains the crucial role software plays in underpinning the value of energy storage systems.

A new model that involves paying customers to host energy storage batteries in front of the meter should help stakeholders to optimise financial gains from storage, according to analysis from Navigant Research.

From Energy-Storage.News’ publisher comes The Global Energy Storage Opportunity, a special online-only supplement magazine that looks at some of the exciting recent developments in all segments from microgrids and residential to grid-scale and commercial.

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.