Navigant Research: Revenue for microgrid energy storage to total over $22 billion in next decade

By Paul Dvorak A new report from Navigant Research examines the global market for energy storage for microgrids (ESMG), providing an analysis of trends and market dynamics, with forecasts for capacity and revenue that extend through 2026.
Interest in energy storage-enabled microgrids is growing alongside an increase in solar PV and wind deployments. Although not required for microgrids to operate, energy storage systems (ESSs) have emerged as an increasingly valuable component of distributed energy networks because of their ability to effectively integrate renewable generation. According to a new report from @NavigantRSRCH, throughout the next 10 years, a cumulative 14,850.7 MW of new ESMG capacity

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