The worldwide capacity of distributed energy storage systems is expected to increase nearly 10-fold over the next 3 years, according to a new report from Navigant Research, which analyzed the global market for distributed energy storage systems through 2024.
The primary conclusion of the report is that distributed storage is one of the fastest-growing markets for energy storage globally, thanks to the focus of rapid innovation and intense competition, causing the market to greatly exceed market expectations. This growth and subsequent demand has led to grid operators, utilities, and governments looking to encourage storage installations that are physically situated closer to the retail electrical customer.
According to the report from Navigant Research, worldwide capacity of distributed energy storage systems (DESSs) is expected to grow from its current 276 MW, to nearly 2,400 MW in 2018.
“Distributed storage is among the fastest-growing markets for energy storage globally,”saysAnissa…
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