Navigant: Distributed solar-plus-storage worth US$49 billion in less than 10 years

Facebook
Twitter
LinkedIn
Reddit
Email
Annual distributed and remote, off-grid solar PV-plus-energy storage power capacity and vendor revenue by region, world markets 2017-2026. Image: Navigant Research

In less than 10 years, distributed solar-plus-storage systems will reach 27.4GW worldwide and be worth more than US$49.1 billion, with Asia and Western Europe leading the way, a new report from Navigant Research has forecast.

Focusing on drivers and barriers to adoption and global market trends, Navigant’s “Distributed solar PV plus energy storage systems” looks at PV and battery storage in the residential, commercial and industrial (C&I) and off-grid/remote sector market segments.

Distributed solar PV is an increasingly important part of both domestic and commercial electricity customers’ diversifying suite of energy options, as increasing numbers turn away from conventional utility supplier arrangements. Navigant says that soon, the value of standalone solar PV will be questionable without the addition of energy storage, particular in those remote and off-grid regions where it would form the backbone of new, distributed energy installations and networks.

To read the full version of this story, visit Energy-Storage.News.

Read Next

September 20, 2022
US thin-film module manufacturer Toledo Solar is planning to expand production in response to the passage of the Inflation Reduction Act.
September 13, 2022
India-based Serentica Renewables has launched a renewables platform in India with plans to install 1.5GW of solar and wind power.
September 9, 2022
The European Union (EU) generated a record 12% of its electricity from solar between May and August 2022, a report from think tank Ember has revealed.
September 5, 2022
PV Tech sat down with Claire Gardner, marketing manager at inverter specialist Solis, to discuss the potential growth of European markets, the rising interest in energy storage and the importance of accurate energy data.
August 30, 2022
Swiss renewables investor Smartenergy has acquired a majority stake in Rewatt, a Portuguese solar developer focused on the rooftop commercial and industrial (C&I) market.
August 29, 2022
TotalEnergies has completed its first commercial and industrial (C&I) PV project since acquiring SunPower’s C&I business.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 27, 2022
15:30 AEST (UTC +10)
Solar Media Events
October 4, 2022
New York, USA
On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)