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

July 1, 2013
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

April 2, 2026
Solar manufacturer Qcells is expanding into integrated home energy systems with a new division targeting the US residential construction sector.
April 2, 2026
LONGi has launched its solar-plus-storage strategy, LONGi One, marking a shift from traditional multi-vendor system architectures to a fully integrated design approach.
April 2, 2026
Monocrystalline passivated emitter rear contact (PERC) modules saw a 20% increase in average price in the US, according to Anza.
April 2, 2026
Pan-African developer Axian Energy has reached financial close on what it is billing as West Africa’s largest solar-plus-storage project.
Premium
April 2, 2026
R.Power's Michał Swół speaks to PV Tech Premium about Germany's position as a leader in Europe's renewable energy auction space.
April 2, 2026
French oil and gas major TotalEnergies has signed a US$2.2 billion joint venture (JV) with the Emirati state-run renewable energy developer Masdar to jointly develop renewables across Asia.

Upcoming Events

Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA
Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland