Navigant makes ‘21.6GW by 2025’ annual grid-scale storage market prediction

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Industry expectations and macro trends mean the 21.6GW figure is not unrealistic, Navigant argued. Image: Greensmith.

The power capacity of global installed front of the meter energy storage is expected to reach 21.6GW in 2025, according to a new report by Navigant Research, with one of the firm's analysts calling this exponential growth prediction “dramatic”, but also realistic. 

Considering current installed capacity for grid-scale energy storage is at 1.1GW, “21.6 GW of new capacity annually in 2025 represents a dramatic increase in the grid-scale storage industry,” Alex Eller, Navigant Research analyst, told Energy-Storage.News. 

“However, given industry expectations and other studies that have been published on the technology’s potential, these are not aggressive forecasts.” 

As the need for energy storage systems to provide grid ancillary services such as frequency regulation and load following is increasing, utility-scale energy storage will continue breaking into the mainstream electricity market this year, due to a shift away from research & development (R&D) projects, to more mainstream commercial deployments.

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

Read Next

June 15, 2021
The confidence of renewable energy investors and developers stands at an “all-time high”, a new report by the American Council on Renewable Energy (ACORE) claims, however investment must surge in the coming years if the US is to meet decarbonisation goals.
June 14, 2021
UK-based solar developer and O&M provider Anesco has been acquired by a joint venture between US private equity firm Ara Partners and Aksiom Services Group.
PV Tech Premium
June 12, 2021
With South Africa faced with ongoing power cuts, Jules Scully explores the how solar PV can help decarbonise the country’s coal-heavy grid while providing energy security.
June 9, 2021
Italian utility A2A has said it will be able to accelerate its renewable generation growth plans thanks to a new partnership with investment house Ardian, as the partners establish what they claim will be Italy’s second-largest platform focused on the energy transition.
June 8, 2021
Solar PV and wind will continue to be the cheapest sources of new electricity generation capacity in Australia, even when integration costs are included, according to new research from the country’s science agency, CSIRO, and the Australian Energy Market Operator.
June 8, 2021
The US could create between 500,000 – 600,000 jobs across the solar, wind and battery storage sectors if it reaches 50 – 70% renewables generation by 2030, research from new trade body the American Clean Power Association suggests.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021