23 Sep '13, 12pm

Commercial energy storage set to rise to 2.3 GW in 2017 - Renewable Energy Focus

According to a new report, The Role of Energy Storage in the PV Industry from IHS Inc, this will increase the commercial segment’s share of PV installations to 40 per cent in 2017, up from 5 per cent in 2012, as shown in the figure on the right. “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 at 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.” The commercial solar market consists of PV systems installed in businesses, including factories, offices and other enterprises. The major rea...

Full article: http://www.renewableenergyfocus.com/view/34653/commercial...

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