IHS Predicts 9% Of Solar PV Installations Will Have Battery Energy Storage Systems By 2018

Good news for Tesla Motors and others in the battery energy storage market:

“IHS…announced that 9 percent of solar photovoltaic (PV) systems in North America will include attached storage in 2018. Led by commercial systems, IHS expects 700 megawatts (MW) of PV systems with energy storage will be installed by 2018, compared to just 30 MW in 2014.”

“The commercial PV energy storage market in the United States has gained huge momentum in recent months,” said Sam Wilkinson, research manager for solar and energy storage for IHS Technology.”

Tesla’s entry into this segment is mostly focused on residential, but rising usage in all segments will be a plus for the electric automaker and others who supply energy storage systems.

Tesla’s stationary energy storage (Image: Tesla)

Tesla’s stationary energy storage (Image: Tesla)

Source: Inside EVs

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