Distributed Solar PV Plus Energy Storage Systems

Distributed Solar PV Plus Energy Storage Systems
Summary
The growth of distributed energy resources (DER) is changing how electricity is delivered by the grid to end users. Distributed solar PV has grown to become a valuable part of the global power generation mix and is forecast to grow substantially in the next several years.Many residential and commercial and industrial (C and I) sector customers are beginning to shift away from solely purchasing electricity from their local utilities to procuring a diverse suite of onsite technologies that includes solar PV and (soon) energy storage.The rapid growth of distributed solar PV in recent years has helped drive the transformation of a grid system that is increasingly affected by DER.However, the value of standalone solar PV systems is contentiously debated throughout the United States and in other grid regions. In remote locations without access to electricity or reliable grid electricity service, the story is different. Remote residential customers do not have grid access or are often on unreliable grid connections, and many residents will turn to distributed solar PV plus energy storage (DSES) to meet their basic daily needs. An emerging confluence of technical, economic, and regulatory factors is beginning to drive growth in the residential, C and I, and remote, off-grid DSES markets. According to Navigant Research, the annual global market for the deployment of DSES is expected to reach 27.4 GW and $49.1 billion by 2026.This Navigant Research report analyzes the global market for DSES systems in three key segments: residential, C and I, and remote, off-grid.The study provides an analysis of the market issues, including drivers and barriers, associated with DSES.Global market forecasts for capacity and revenue, broken out by segment, battery technology, and region, extend through 2026. The report also examines the key DSES trends by geography, with a focus on the three key market segments.