by 2030 compared with
more than $300 now and
$1,000 in 2010.
While pricing is key to
success, other technologies
should not be counted out
“As markets and consumer
needs evolve, so too will the
solutions,” Roberts said.
foresees battery systems
retaining a majority market
position through 2017 largely owing to it fulflling most
needs of the fastest growing
sector — utilities.
“Looking to the coming
year, we expect the major-
ity of new storage capaci-
ty [worldwide] is going to be
in utility scale,” Eller said,
According to Navigant, more than 80 percent of 520 MW of
global storage deployments through 2014 and 2015 were made
in the utility sector; while some 9,000 MW of new utility-owned
storage capacity is to be deployed by 2020.
One immediate driver for utility deployment of storage is
growth in intermittent wind and solar power; and the consequent
need for fexible systems to ensure grid stability. Energy storage is
a highly valuable solution for providing various ancillary services.
“The frequency response and regulation market is going to
continue as one of the best near-term opportunities for storage,” said Eller, whose frm expects global installed energy storage for grid and ancillary services to grow from 1. 1 GW in 2016
to 21. 6 GW in 2025.
The second largest market through 2017 is expected to be the
C&I sector with a share of 21 percent and Eller predicts by 2020
that “fgure could rise to 37 percent.”
Philip Hiersemenzel of Younicos agrees.
“The untapped potential is in C&I storage and microgrid solu-
tions,” Hiersemenzel said. “With declining battery prices, custom-
ers who are faced with rising energy prices and rising demand
charges are in a position to proft from ever-cheaper renewable
Hiersemenzel also highlighted co-located solar + storage
The AES Advancion