28 Jan '16, 4pm

#Solar-plus-storage market poised to reach $8 billion in 2026, says @LuxResearch

#Solar-plus-storage market poised to reach $8 billion in 2026, says @LuxResearch

The market for distributed storage for solar systems will be worth $8 billion in 2026 as solar combines with energy storage in order to continue its remarkable growth, according to a new report from Lux Research. The report says solar-plus-storage is a key necessity for solar to overcome limitations like intermittency and the lack of power after dark. Furthermore, Lux Research forecasts energy storage will increase the distributed solar market by 25 GW annually in 2026. The report says integrating storage adds costs, affecting revenue streams and addressable market size, but as installed solar system costs decline – from $3.83/W in 2015 to $1.87/W in 2035 – an attractive economic case will emerge in 2023, leading to strong growth. “As the solar-plus-storage market matures, interesting developments will unfold on a number of fronts. There will be more vertical integration b...

Full article: http://solarindustrymag.com/solar-plus-storage-market-poi...

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