Energy Storage

Annual Energy Storage Installations to Top 14 GW by 2026

By Editors of Power Engineering

A new study by Navigant Research indicates annual installations of utility-scale power storage for transmission and distribution deferral is expected to grow rapidly over the next decade.

Specifically, installations are expected to grow from 331.7 MW this year to 14,324.8 MW in 2026.

“The major advantage energy storage has compared to conventional T&D upgrades results from the flexibility related to how storage systems can be deployed and the variety of services they can provide,” said Alex Eller, research analyst with Navigant Research. “Unlike most grid infrastructure systems, ESSs can be deployed in small, modular increments as needed to serve growing demand with limited risk of oversizing or stranding assets.”

Navigant predicts utility companies will turn to these types of deployments to avoid the typical challenges associated with transmission, including community concerns, timelines and future load growth uncertainty.