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

October 1, 2026
TurningPoint Energy has energised a 2.1MWac community solar project in Georgetown, Delaware, third of six in 30MWdc portfolio.
October 1, 2026
This week's PV Chart of the Week looks at the breakdown in European inverter manufacturing production, capacity and supply until 2027.
October 1, 2026
X-Elio has started commercial operations at the 368MW Lorca Solar project in Spain, its largest in the country.
October 1, 2026
A US Senate bill proposing to speed up the permitting process for energy projects has received a mixed response from clean energy industry and advocacy groups.
October 1, 2026
Spanish energy and water infrastructure group Cox has secured financing for a 75.2MWp solar project in Guatemala.
Sponsored
October 1, 2026
To explore the technology, design philosophy, and real-world implications of this latest innovation, we spoke with Zander Yuan, Director of Product & Technology at Tongwei Solar.

Upcoming Events

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
Solar Media Events
February 2, 2027
London, UK