Energy Storage-Enabled Applications Are Poised to Disrupt Energy Markets
Innovation from IT companies will lead storage into the distributed energy resource/energy cloud space
A recent white paper from Navigant Research examines five major trends and the related market forces expected to shape the future of the energy storage industry in 2016 and beyond.
In the next 3-5 years, the storage industry is positioned to truly scale and echo the explosive growth seen in the solar PV industry. Incremental improvements in energy storage technologies, developments in regional regulatory and market drivers, and emerging business models are poised to make energy storage a growing and viable part of the electricity grid. Click to tweet: According to a recent report from @NavigantRSRCH, energy storage-enabled applications are poised to disrupt energy markets.
“New players will be able to offer a suite of solutions that promote connected homes and robust energy options,” says Anissa Dehamna, principal research analyst with Navigant Research. “Evolving business models call for utilities to become more agile and not only address the generation, transmission, and distribution of electricity, but also focus more on grid services and develop customer-friendly solutions.”
The distributed energy resources sector on both the utility and customer sides of the meter will continue to create new opportunities for energy storage-enabled applications, according to the report. IT, telecommunications, and consumer product companies will continue to present a disruptive threat to utilities given their focus to date on energy and smart grid applications and their ability to extract value from data and customer relationships.
The white paper, Five Trends for Energy Storage in 2016 and Beyond, This Navigant Research white paper presents the top five trends for the energy storage industry in 2016 and beyond. The report examines some of the major market issues driving investment in energy storage around the world and how various stakeholders are adapting to the changing market. Each of the topics in this white paper is examined more deeply in research reports and ongoing research from Navigant Research’s Grid-Tied Energy Storage and Advanced Batteries Research Services. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Five Trends for Energy Storage in 2016 and Beyond, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.