Facilities Embrace Energy Storage

March 30, 2016

Commercial, industrial buildings noted as early adopters of the efficient technology.

Energy storage is coming into its own, with a new report projecting massive growth and a market value of $10.8 billion by 2025 for commercial and industrial energy storage applications.

The Market Data: Commercial & Industrial Energy Storage report from Navigant Research analyzes storage from advanced lead-acid, flow and lithium-ion batteries. The data suggests that power capacity will rise from around 499 MW in 2016 to 9.1 GW by 2025, with industrial, office and education facilities leading in implementation among building categories.

The technology is still misunderstood and poorly evaluated, preventing it from realizing its full potential for energy and cost savings, the report notes. However, regulation changes and improvements in energy storage design should help assuage stakeholder worries in the future.

Voice your opinion!

To join the conversation, and become an exclusive member of Buildings, create an account today!

Sponsored Recommendations

Decarbonization 2024: How Digital Tools Minimize Your Carbon Footprint

Discover the untapped potential of digital electricity infrastructure in revolutionizing building electrification and decarbonization, unlocking a sustainable future while reducing...

Building Security & Technology Series: Webinar 3 - Proptech

This event was originally held on May 22, 2024and is now available for on demand viewing.Duration: 1 Hour eachGold Sponsors: Genetec, ISS, PrometheusSilver Sponsors: Eagle Eye...

Building Security & Technology Series: Webinar 4 - Lessons Learned

Date: May 29, 2024Time: 1:00 PM EDT / 12:00 PM CDT / 10:00 AM PDT / 5:00 PM GMTDuration: 1 Hour eachGold Sponsors: Genetec, ISS, PrometheusSilver Sponsors: Eagle Eye Networks,...