A recent report titled “Batteries Included: Gauging Near-Term Prospect for Solar/ Energy Storage Systems” predicts that by 2018, there will be $2.8 billion worth of demand for integrated solar and storage systems. Although Lux Research’s findings attribute much of the demand to the grid-tied sectors, the off-grid solar-backed storage market is more lucrative. In the report, the break-even price for every installation of an energy storage device in grid-tied scenarios is under $800/kWh. In the off-grid sector, the figure balloons to between $1,200/ kWh to $2,200/ kWh.
What this means is that grid players will experience considerable pricing pressure and margin trimming. Suppliers in the off-grid segment, on the other hand, will have an easier time defending their margins.
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.