Behind-the-meter storage is forecast to become a larger segment than grid-scale storage by 2021, and could pose a potential threat to utilities, according to Bloomberg Energy Finance (BNEF) senior analyst Logan Goldie-Scot.
Despite large grid-scale deployment making up 84% of installed capacity, growth of behind-the-meter storage will likely dominate in the years to come. “If you are an energy retailer and a large number of your customers not only have PV but also have residential storage attached, then they are procuring less electricity from you. There's a threat to their future revenue streams, based on increasing levels of self-generation from their customers,” explained Goldie-Scot.
But the threat does not stop with residential. “If you are a utility looking at your very valuable commercial and industrial (C&I) users, if they have greater behind-the-meter energy storage and on-site generation, once again, they are not only purchasing less electricity from you, but they are probably managing their electricity bill or their electricity demand in a smarter way to reduce thing like demand charges,” adds Goldie-Scot.
Read the full story on PV Tech's sister website Energy-Storage.News here.
The Energy Storage Latin America agenda provides the industry with an unrivaled opportunity to discuss how the region is set to unlock the full potential of energy storage, accelerate deployment and address the main regulatory and financing challenges. The Energy Storage Summit Latin America is the first event of its kind, designed with a clear goal to accelerate both dialogue and deployment of energy storage solutions. Hear from a world-class line up of industry speakers discussing: The changing market, Active and pending projects, Regulatory environment, Financing options and New storage technologies. This event is the only place where the entire energy storage value chain will be present. Enquire now and be part of an unparalleled platform enabling you to network and do business with: Government, Utilities, Developers, EPCs, Investors and more.