Storage and Solar Finance:
Programs for the Rising Behind-
the-meter Markets in the US, EU
Tere’s a clear
where are these
the fnancing to expand?
JENNIFER DELONY, Associate Editor
The global energy storage industry will expand rapidly in
the next few years, as it moves to support solar and other
infrastructure that is growing more and more complex.
Utility-scale storage will be a signifcant part of the ener-
gy storage market’s expansion, but, according to a March
report by Navigant Research, recent market developments
include an uptick in projects in the distributed sector, par-
ticularly for solar + storage microgrids and the commer-
cial and industrial segment. Navigant expects global annu-
al deployments of residential energy storage to increase by
about 3. 7 GW by 2025.
With interest in energy storage growing within
the commercial and residential segments, how are
markets moving to assist customers as they look
for fnancial options to install these next-genera-tion energy systems?
Storage Costs Declining But Still
Higher than PV Costs
Behind-the-meter energy storage prices are declining, but they are not so low that it’s an easy buy for
businesses and the general public.
A National Renewable Energy Laboratory
(NREL) report released at the end of March found
that the cost in 1Q16 for a 5.6-k W PV+storage sys-
tem with a 3-k W/6-k Wh AC-coupled battery was
$29,568. The PV modules accounted for about
$3,600 of that total and the battery $3,000. The
cost for a 5-k W/20-k Wh battery on
a similarly sized PV system was
$10,000 for the battery alone. The
report puts total hardware costs in
2016 for a standard 3-k W/6-k Wh