The global energy storage and renewables integration (ESRI) will be worth more than $23bn by 2026, according to new analysis from clean energy researchers. Navigant Research highlights energy storage as a crucial method to integrate renewable energy sources without affecting grid reliability. The group’s report examines the global market for ESRI, with a focus on utility-scale, commercial and industrial applications. The study notes plummeting costs of solar and energy storage over the past five years. This trend has provided customers in both utility scale and behind-the-meter (BTM) greater flexibility in installing solar and storage systems, says Navigant Research, a trend it forecasts will continue over the next eight years.
Edie 2nd Jan 2017 read more »