02 Apr '17, 5pm

The Mutually Beneficial Relationship Between Long Tail Solar and Energy Storage - Renewable Energy World

The Mutually Beneficial Relationship Between Long Tail Solar and Energy Storage - Renewable Energy World

The energy storage market will expand dramatically in the coming years from an annual installation size of 6 GW in 2017 to more than 40 GW by 2021 . In addition, an IMS Research report predicts that the market for storing energy from solar panels will go from $200 million in 2012 to nearly $19 billion by the end of this year. This is especially impactful for residential solar, which has seen consistent growth in the past few years and will continue to grow for the foreseeable future. According to McKinsey, energy storage could be the “missing link” that makes intermittent renewables such as solar and wind power totally accessible and reliable all the time. That’s because it allows energy that’s stored while the sun is shining and the wind is blowing to be used later when the wind isn’t blowing or when it’s dark outside. McKinsey also indicates that there’s significant near...

Full article: http://www.renewableenergyworld.com/ugc/articles/2017/03/...

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via @NRDC

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