Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Energy Storage For Renewable Energy Set To Total 45.1 GW In Next Decade

The market for energy storage systems for renewable energy integration is expected to reach 45.1 GW between 2015 to 2025, according to Navigant Research.

The new report from Navigant Research, Energy Storage for Renewables Integration, examines the market for energy storage systems for renewable energy integration (ESRI) — energy storage systems designed to mitigate somewhat the variability of renewable energy powerhouses like wind and solar, “By far the fastest-growing forms of renewable energy in the last several years.”

At present, the levels of wind and solar being fed into the grid are slight, and are not affecting the mechanics of a centralized electricity grid much. However, in years to come, as the percentage of wind and solar generating electricity into the grid increases, “serious issues regarding the grid’s stability can arise” — issues which can, in part, be solved by energy storage systems which help to level out the variability.

Unsurprisingly, therefore, Navigant Research predicts that the market for energy storage systems for renewable energy integration will increase rapidly over the next decade, and see installed new capacity at a total of 45.1 GW between 2015 to 2025.

Navigant-22

“The business cases for ESRI will vary significantly depending on the geographic location, market structure, target customers, and type of renewable energy being integrated,” said Anissa Dehamna, principal research analyst with Navigant Research. “While this diversity presents challenges in the short term, there is enormous potential for companies able to make sense of this complexity and offer solutions that the market demands.”

In addition to the increase in need for energy storage systems to supplement renewable energy deployment, Navigant Research also highlighted the decreasing costs of advanced batteries. The authors note that “system costs are still one of the biggest barriers to the industry’s growth,” yet nevertheless, it is expected that declining prices will open up “new use cases and geographic markets.”

 
 
 
Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Autonomous Vehicles

It is that time of year again. We see all the self-appointed experts extol their superior vision on the subjects that are most clickbait...

Cars

A report recently came out, via leaked documents, that supposedly put GM/Cruise way behind Waymo in autonomous driving.

Autonomous Vehicles

There's lots of EV hype coming out of this year's Detroit Auto Show. Tesla, however, is absent. Phil LeBeau of CNBC reports, "Tesla may not be at...

Clean Power

Solar energy is cleanly replacing other energy sources as the top generator for planned US microgrids, according to a new analysis by Fairfax, VA-based...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.