Energy storage for renewables integration market to expand to 12.7 GW in 2025

The new installed power capacity in the global Energy Storage for Renewables Integration (ESRI) market is expected to surge to 12.7 GW in 2025 from 196.2 MW in 2015, according to a new study from Navigant Research.

The research firm says in its latest report that the market for energy storage systems (ESSs) designed to facilitate the integration of intermittent renewables is growing simultaneously with the increase in challenges to the electrical grid.

Anissa Dehamna, principal research analyst with Navigant, believes that the compensation schemes for variable generation will drive the ESRI market. “With few exceptions, islands and isolated grids are expected to lead the market in near-term due to higher renewables penetration and little to no interconnections with neighboring grid systems to balance instability,” she said.

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