Energy Storage, Solar

Solar Plus Energy Storage Expected to Reach 27.4 GW by 2026

By Editors of Power Engineering

A new report from Navigant Research concluded the global market for distributed solar plus energy storage is expected to reach 27.4 GW and $49.1 billion by 2026.

“An emerging confluence of technical, economic, and regulatory factors is beginning to drive growth in the residential, C&I, and remote, off-grid DSES markets,” said William Tokash, senior research analyst with Navigant Research. “Beyond this, coupling battery energy storage technology with solar PV and virtual power plant software technology will allow this class of DER to be dispatchable from a grid operator standpoint to address intermittency and provide grid services as well.”

Navigant said distributed solar plus energy has the potential to grow quickly for residents in remote locations without access to electricity or reliable grid electricity services.