Utilities take heed: behind-the-meter storage to be front runner by 2021, says BNEF

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Source: Sunverge

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.

Read Next

May 13, 2021
Spanish oil major Repsol has made its first foray into the US renewables market with the acquisition of a 40% stake in solar and energy storage project developer Hecate Energy.
May 11, 2021
Solar-plus-storage is on offer from Swell Energy to Southern California Edison (SCE) customers enrolling in its two virtual power plant (VPP) programs, which are set to boost local resilience.
PV Tech Premium
May 10, 2021
Andy Colthorpe takes a look at what’s happening and what’s expected to happen in the Japanese large-scale PV market, with data and analysis courtesy of RTS Corporation and interviews with Vena Energy Japan, Sonnedix Japan and Baywa Japan.
PV Tech Premium
May 4, 2021
Major PV inverter manufacturer SolarEdge Technologies has guided a return to overall business growth in 2021, due primarily to strong market demand in Europe and the US as well as the rollout of its residential energy storage product.
May 3, 2021
German PV solutions provider IBC Solar is adding microinverters and energy storage systems from Enphase Energy to its product portfolio.
May 3, 2021
Power product supplier Generac’s sales bounced back in the first three months of 2021, increasing 70% compared with the same period last year.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021