Coupled Solar and Energy Storage Market to Grow

renewableenergyworld.com 10 Sep '13, 4pm

Coupled Solar and Energy Storage Market to Grow

Corporate entities operating in this area and planning on combining the two complementary technologies to differentiate products and defend margins could see the sector yielding a US $2.8 billion market over the next five years, the report concludes. Assessing the emerging market for combined solar and energy storage, Lux Research analysts found that residential applications dominate through 2018. As lithium-ion (Li-ion) batteries and overall storage arrays fall in price, residential systems will gain the most, growing to 382 MW in 2018, the report suggests. Meanwhile, the light commercial segment will increase to 220 MW although heavy commercial/industrial systems will lag, growing only to 73.3 MW. The off-grid market enjoys higher profit margins, but the much larger market for grid-tied systems means they dominate the solar and energy storage market. Grid-tied solar inst...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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