Navigant sees energy storage capacity for wind, solar at 22 GW in 2013-2023

Jul 2, 2013 - The world will install 21.8 GW of energy storage facilities between 2013 and 2023 to manage intermittent power sources such as photovoltaics (PV) and wind, a report of Navigant Research said on Monday.

In its report Energy Storage for Wind and Solar Integration, the market analysis firm forecasts that over 1,300 GW of wind and solar capacity will be switched on in the following 10 years, which will lead to grid instability, especially in major markets within North America, Western Europe, and the Asia Pacific. That is why energy storage systems are projected to have a pivotal role in grid operators' efforts to overcome the challenge.

Senior research analyst Anissa Dehamna noted that some of the key renewable energy markets, including Germany, Japan and the US, have passed legislation that promotes the use of energy storage systems to help integrate different energy sources into the grid. Those markets have introduced incentives for energy storage facilities in various forms. These include changes to the compensation of variable generation, which are seen to have a great impact on the energy storage systems market for solar and wind, Navigant Research said.

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