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Distributed Energy Storage Market Growing Beyond Expectations
Renewable Energy World: New Hampshire -- Coming on the heels of Demand Energy’s announcement that it is installing 1 MW of energy storage capacity in a series of Glenwood residential apartment buildings in New York City, a report released today concludes that the distributed energy storage market will increase almost 10-fold over the next three years.
Navigant Research’s report, “Community, Residential, and Commercial Energy Storage,” analyzes the global market for distributed energy storage systems, with a focus on three distinct applications: community energy storage (specifically energy storage at the distributed transformer), residential energy storage (with and without solar PV), and commercial energy storage. The firm said that rapid innovation and intense competition in the space has resulted in the market growing faster than industry expectations.
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