20 Sep '13, 9am

Commercial Solar Energy Storage to Overtake Residential and Utility-scale in Next Four Years

Commercial Solar Energy Storage to Overtake Residential and Utility-scale in Next Four Years

A new report from IHS, titled The Role of Energy Storage in the PV Industry , predicts that worldwide installations of photovoltaic (PV) energy storage systems for commercial use will grow to 2.3 GW in 2017, up from just 3.2 MW in 2012. The commercial sector’s share of global PV installations will also jump significantly, from 5 percent in 2012 to 40 percent in 2017, the report said. “Just last year, commercial was the smallest market for PV storage systems, far behind the residential and utility-scale segments,” said Abigail Ward, PV analyst with IHS. “However, facing rising energy prices and the growing need for backup power supplies, commercial enterprises are turning to PV storage solutions that work in concert with their solar power systems. This will allow commercial to surge past residential and utility to become the largest market for PV storage in just four years....

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

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