Report: Installed energy storage market to total 21.8GW by 2023

Facebook
Twitter
LinkedIn
Reddit
Email

The capacity of solar and wind energy storage systems (ESS) could reach 21.8GW by 2023 as increased renewable energy generation makes the grid increasingly unstable, according to a Navigant Research report.

Anissa Dehamna, senior research analyst with Navigant Research said: “Several of the major markets for renewables, including Germany, Japan and the United States, have enacted rules or legislation encouraging the adoption of energy storage systems for the purpose of integrating variable energy sources onto the grid. These market incentives come in various forms, including outright subsidies for ESS adoption, reforms that change how variable generation is compensated, and adjustments to connection requirements for variable power plants.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Navigant believes grid operators will be forced to adapt to increasing levels of variable generation on their systems, which will propel the need for ESSs, which would therefore become an integral element of internal strategies to manage grids.

Read Next

November 9, 2026
The Global Solar Council is set to unveil a ‘global rooftop solar declaration’ committing governments worldwide to 300 million new solar homes.
November 9, 2026
The International Energy Agency has forecast 3.6TW of new solar PV additions between 2026-2031 in its latest report on the renewables sector.
November 9, 2026
Germany's Solarwatt has received regulatory consent for a new bifacial TOPCon module designed for BIPV applications.
November 9, 2026
PV capacity in Türkiye is projected to increase from 26GW to 112GW by 2040 under a national energy vision published ahead of the COP31 summit.
November 9, 2026
Rezolv and Ahold Delhaize inked a virtual offtake agreement for the 1.3GWp Dama solar park and the 300MW Dunarea East wind farm in Romania.
November 9, 2026
European Energy and data centre operator AirTrunk have officially opened the 31MW Mulwala solar PV plant in NSW.

Upcoming Events

Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
February 2, 2027
London, UK
Solar Media Events
April 20, 2027
Istanbul, Türkiye