Revenue for Energy Storage for Renewables Integration to Exceed $23 Billion by 2026
Costs for renewable energy projects have been dropping, so demand for wind and solar PV continues to rise across all regions and market segments, according to Navigant Research. This uptick in large-scale projects presents many challenges, but new energy storage systems (ESSs) are emerging that mitigate concerns and can be integrated into the grid without negatively impacting reliability. In addition, peak shaving and energy storage incentive programs are driving demand. Are you as bullish on ESS growth? How do you think the market will unfold in the next few years?