November 11, 2016

Report: The C&I energy storage market is accelerating

With interest and implementation of energy storage technologies quickly gaining momentum at corporations across the U.S., a new report estimates that revenue for the commercial and industrial storage industry will increase by almost $10 billion by 2025.

The report from Navigant Research examines the global market for commercial and industrial energy storage, with a focus on advanced lead-acid, flow, and lithium ion batteries, including market forecasts for capacity and revenue, through 2025.

In a news release, Navigant said the global market for C&I energy storage has experienced rapid growth as a result of numerous market developments in the past two years. Across the entire energy storage industry, decreasing prices for batteries and other system components have helped make energy storage systems an economical solution for more customers. 

In recent months, companies such as Home Depot, Microsoft, Wal-Mart and have announced sizable plans to incorporate the use of energy storage systems into their energy management strategies. 

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