Free Newsletters - Space - Defense - Environment - Energy - Solar - Nuclear
..
. Solar Energy News .




SOLAR DAILY
Commercial Segment Set to Lead Solar Energy Storage Market by 2017
by Staff Writers
London, UK (SPX) Sep 20, 2013


The commercial solar market consists of PV systems installed in businesses, including factories, offices and other enterprises.

Currently the smallest part of the global solar energy storage business, the commercial sector is projected to expand by a factor of 700 in the coming years and become the largest market segment in 2017.

Global installations of photovoltaic (PV) storage systems for commercial use are set to rise to 2.3 gigawatts (GW) in 2017, up from a mere 3.2 megawatts in 2012, according to a new report entitled "The Role of Energy Storage in the PV Industry" from IHS.

This will increase the commercial segment's share of PV installations to 40 percent in 2017, up from 5 percent in 2012, as presented in the attached figure.

"Just last year, commercial was the smallest market for PV storage systems, far behind the residential and utility-scale segments," said Abigail Ward, PV analyst at IHS.

"However, facing rising energy prices and the growing need for backup power supplies, commercial enterprises are turning to PV storage solutions that work in concert with their solar-power systems. This will allow commercial to surge past residential and utility to become the largest market for PV storage in just four years."

The commercial solar market consists of PV systems installed in businesses, including factories, offices and other enterprises.

Electricity rates drive demand
The major reason a commercial enterprise installs an energy storage solution is the desire to intelligently manage the use of PV energy to reduce electricity cost.

"Utilities increasingly are imposing both peak demand charges and time-of-use fees on their commercial customers," Ward noted. "These costs can be minimized by using a PV energy storage solution."

An energy storage solution can be used to shift PV energy from when it is generated for on-site use during periods when these charges apply.

"As a result, the amount of energy imported from the electricity grid during these times is reduced, and customers can attain huge savings on their electricity bills," Ward observed. "These demand charges are being introduced to relieve pressure on limited electricity grids during times of high energy demand."

The backup plan
PV energy storage in commercial applications also can provide back-up power in regions where there are weak and unreliable grids. Electrical blackouts can have a tremendous impact on commercial operations, and often can result in significant financial losses. Rather than exporting PV energy to the electricity grid when generation exceeds on-site demand, the energy can be stored to be consumed during times when the electricity grid has failed, avoiding any disruptions.

North America to take charge
Concerns about energy rates and grid reliability are prevalent in the North American commercial market. Consequently, North America is expected to lead the world in commercial PV storage, accounting for more than 40 percent of installations in 2017.

Storage in these applications will also be encouraged by the California Self-Generation Incentive Program (SGIP), which provides a financial subsidy against the upfront cost of an advanced energy storage system. Installations likewise will be boosted by California Energy Storage Bill AB 2514, which includes targets for investor-owned utilities to procure by 2020 a given amount of energy storage in its electricity network, including individual targets for the customer markets.

Another lucrative region for commercial PV energy storage is Japan, where electrical blackouts are common following the Fukushima nuclear disaster. Also on a fast growth track is Germany, where self-consumption of PV energy is becoming increasingly financially attractive.

Supply-side constraints
The size of the commercial PV energy storage segment now is limited by the small number of suppliers and products serving the segment.

"At present, many of the suppliers active in the PV storage business are targeting the residential PV market, where systems are largely being installed to increase the on-site self-consumption of a PV system owner," Ward said. "However, installations in the commercial PV sector potentially can reach the point of payback much more quickly than those in the residential area. This will encourage many PV storage suppliers to enter the business in the coming years."

.


Related Links
IHS
All About Solar Energy at SolarDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





SOLAR DAILY
India's First Green Building Features SunPower High Efficiency Solar Solution
New Delhi, India (SPX) Sep 19, 2013
SunPower has announced that Swadeshi Civil Infrastructure has completed the installation of a 930-kilowatt (kW) SunPower solar system on the rooftop of the Indira Paryavaran Bhavan building in New Delhi. SunPower's high efficiency, most reliable solar solution was chosen for the project given its energy generation requirements and the limited rooftop area. The state-of-the art landmark wil ... read more


SOLAR DAILY
Sharing the risks/costs of biomass crops

Indy 500 race cars showcase green fuels

Researchers Read the Coffee Grounds and Find a Promising Energy Resource For the Future

Professor and student develop device to detect biodiesel contamination

SOLAR DAILY
Robots take over

A swarm on every desktop: Robotics experts learn from public

European researchers envision wearable exoskeleton for factory workers

Ultra-fast trading robots can send markets out of control

SOLAR DAILY
Trump's suit to halt wind farm project to be heard in November

Ireland connects first community-owned wind farm to grid

Moventas significantly expands wind footprint

No evidence of residential property value impacts near US wind turbines

SOLAR DAILY
Bicycle built by Dutch students sets speed record of 83.13 mph

Swiss engineers create hybrid car engine said capable of 117 mpg

The new allure of electric cars: Blazing-fast speeds

France's Renault teams up with electric car pioneer

SOLAR DAILY
Superconductivity to meet humanity's greatest challenges

AllCell Launches Industry's First Stand-Alone Premium E-Bike Battery

Chevron wins partial victory in Ecuador pollution case

Jordan, China ink $2.5 bn deal to build oil shale-fired plant

SOLAR DAILY
Japan PM Abe at Fukushima in PR push

Over 1,000 tons of Fukushima water dumped after typhoon

Japan nuclear-free as last reactor switched off

Queensland aims to resume uranium mining

SOLAR DAILY
New Australian PM abolishes climate watchdog

Cyberattacks threaten electrical grid

Renewable Energy to Represent One-Fifth of the Global Installed Capacity by 2030

WELTEC BIOPOWER Develops Green Energy in France

SOLAR DAILY
Tropical forest carbon absorption may hinge on an odd couple

Heavily logged forests still valuable for tropical wildlife

Mangroves bring wildlife back to Senegal coast

US slaps high dumping tariffs on Chinese wood products




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement