Tag Archives: smart grid

Commercial Building Energy Storage Systems Revenue Will Surpass $7.5 Billion Annually by 2022

BOULDER, Colo.–()–The market for energy storage in commercial buildings is nascent and developing. Although one segment, energy storage systems for uninterruptible power supply (UPS) systems, is mature, the business models for the other two segments within this market – electrical energy storage (EES) systems and thermal energy storage (TES) systems – are still evolving. According to a recent report from Navigant Research, annual revenue from energy storage systems for commercial buildings will grow from $3.9 billion in 2013 to more than $7.5 billion in 2022.

“Today, there is less than 10 gigawatt-hours of cumulative energy storage capacity represented by all commercial building systems, and the vast majority of that capacity is frozen behind meters in UPS systems that are rarely, if ever, called upon”

“Today, there is less than 10 gigawatt-hours of cumulative energy storage capacity represented by all commercial building systems, and the vast majority of that capacity is frozen behind meters in UPS systems that are rarely, if ever, called upon,” says Sam Jaffe, senior research analyst with Navigant Research. “By 2022, such systems will represent a global cumulative capacity of more than 30 gigawatt-hours, most of which will be interacting with the power grids throughout the world on a daily basis.” Continue reading

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More Than 1,300 Demand Response Programs are Underway Worldwide

Demand response (DR) programs, which aim to achieve stability on the grid by ensuring that demand does not exceed supply of electric power, have been offered to many electric customers in the United States for decades.  In the last ten years, utilities and grid operators have adopted new technologies and practices to move demand resources to the next evolutionary phase, offering more advanced types of DR schemes.  According to a new tracker report from Navigant Research, at least 1,342 DR programs are now underway worldwide – 95 percent of them in North America. Continue reading

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Smart Grid Revenue in China Will Surpass $15 Billion a Year by 2020

BOULDER, Colo.–()–China is in the midst of its latest national development strategy, better known as the 12th Five-Year Guideline, which will continue through 2015. One of the Guideline’s primary goals is “strengthening the construction of [the] smart grid.” With the support of the government-owned State Grid Corporation of China, as well as many provinces and cities, this effort is rapidly progressing. According to a recent report from Navigant Research, annual revenue from smart grid deployments in China will reach $15.4 billion by 2020.

“The area of strongest smart grid growth in China will be transmission upgrades, anticipated to reach more than $72 billion in revenue by 2020 on a cumulative basis,” says Bob Lockhart, senior research analyst with Navigant Research. “Overall, smart grid development in China will generate $127 billion in cumulative revenue from 2012 to 2020.” Continue reading

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More Than 400 Microgrid Projects are Under Development Worldwide

Recent widespread power outages from severe weather events and other causes have increased the appeal of microgrids, which can operate in isolation from the wider power grid.  According to a recent tracker report from Navigant Research, the number of active microgrid projects around the world continues to increase rapidly.  The report, the fourth edition of Navigant Research’s Microgrid Deployment Tracker, identifies at least 405 microgrid projects that are currently planned, proposed, under development, or fully operating. Continue reading

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Nearly 56 Gigawatts of New Long-Duration Energy Storage to be Installed From 2012 to 2022

Rapidly changing energy mixes and increasing volatility in load profiles are challenging grid operators to deliver reliable and secure electricity.  These factors are also encouraging demand for long-duration or bulk energy storage, known as energy storage on the grid (ESG).  According to a recent report from Pike Research, a part of Navigant’s Energy Practice, the market for ESG will expand rapidly in the coming decade: nearly 56 gigawatts of ESG will be installed from 2012 to 2022, the study concludes. Continue reading

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ChargePoint Applauds NYC’s Mayor Bloomberg’s Call for Electric Vehicle Readiness

Midtown_Skyline,_New_York_City

CAMPBELL, Calif.–()–New York City Mayor Michael Bloomberg has laid out a bold plan to make 20 percent of New New York City parking spaces electric vehicle (EV) ready. ChargePoint congratulates Mayor Bloomberg for his vision.

Mayor Bloomberg laid out his plan today in his State of the City address. It calls for the creation of 10,000 EV ready spaces over the next seven years. New York is a leader in electric vehicle adoption rates, with 2,598 registered vehicles as of January, 2013, up 76 percent from just three months ago. Continue reading

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REC Solar Slashes Energy Costs for Two California Farms

solar_wallpaperSAN LUIS OBISPO, Calif.–()–REC Solar, a leader in solar system design and installation, today announced the completion of solar energy systems for two California farms totaling one megawatt of electricity. Peter Rabbit Farms in Coachella and Amaral Ranches in the Imperial Valley have joined the ranks of growers, cold storage and food processing facilities that are “harvesting the sun” to hedge against rising electricity costs and save money.

With the completion of these systems, Peter Rabbit Farms and Amaral Ranches align with more than 300 California farmers and ranchers now utilizing solar energy to reduce utility bills. Agriculture represents nearly 30% of California’s commercial solar capacity, according to PV Solar Report, and experts anticipate the sector will continue to gain strength. Continue reading

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Nearly 70 Percent of Electric Meters in Europe Will be Smart by 2020

european_unionSmart electric meters provide a platform for energy efficiency improvements, new customer services, and network optimization.  To achieve those goals across Europe, more than 30 million meters will need to be deployed annually during the peak years of activity, and major upgrade programs will need to be executed simultaneously in Europe’s largest countries, along with many smaller projects across a diverse range of countries and utilities.  According to a recent report from Pike Research, a part of Navigant’s Energy Practice, nearly 70 percent of all electric meters in Europe (and 90 percent in Western Europe) will be smart by 2020. Continue reading

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