PV Storage Could Grow By 100% Per Annum

At an annual rate of 100 percent growth, the PV storage industry is set to hit $19 billion by 2017, says IHS Inc., Colorado, USA. That is some 7 gigawatts of storage, or 2 gigawatts every year till 2017. Last year, the global PV storage market was worth only $200 million.

IHS also predicts 70 percent of the world’s installed storage will occur in Germany. But while Germany is leading the way in renewable energy storage installations, many other countries are following. If Germany’s recent subsidies prove successful, other countries will look to replicate that. IHS argues that even without the subsidies, the decline in market prices of residential storage will cause the market to grow in countries like the UK.

Source and Read More 

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.

LATEST ARTICLES

Annual Installed Capacity Significantly Increases

While the global market was under the haze of the epidemic and many countries were still in lockdown, the energy storage market showed extremely strong resilience and began to recover and grow since Q3 and Q4 of 2020. According to the BloombergNEF report, the global energy storage market in 2020 has developed faster than expected,…

Read More

When Global Green Economy Met Energy Storage

Our energy system is dynamically evolving. The realization of the urgency towards Net Zero, Green economies has been more pressing than ever. The energy transformation serving a more sustainable future, safeguarding our ecosystem and protecting our planet is of paramount importance for many developed and developing nations across the globe. In this analysis, we delve…

Read More

★REVIEWS

“Probably the most interactive and well organized storage event on the calendar.”

★★★★★

Sales Director, S&C

“Great topics, competent speakers, good networking: keep it like that.”

★★★★★

TLC & SCADA Manager, FRI-EL

“High scientific content, well targeted, perfect organization.”

★★★★★

Expert Technical & Governance, Elia

Excellent networking event. The sponsorship was well worth it.”

★★★★★

Manager, ATL

View More

x