The solar energy industry is continuing to evolve and grow, leading to diverse opportunities in the energy storage space. Small lead-acid batteries have been used for many years in small off-grid photovoltaics (PV) systems and will remain an important part of the “solar storage” market. But recent developments have created significant new revenue opportunities:
NanoMarkets believes that as the result of such trends, there is a large and growing opportunity for energy storage firms of many kinds to sell into the solar power market. This will mean that the energy storage firms will have to better understand where the money will be made in this space over the next few years and what kind of batteries will be used; the dominance of lead-acid batteries in the solar power space is clearly about to change.
In this report, we analyze in detail the requirements for solar-power-related storage and where in the solar power industry purchases of energy storage systems are likely to be made. We also examine the many different energy storage technologies that might serve the needs of solar storage.
In addition, we take a look at solar-related energy storage in the context of a total market picture, looking at how solar energy storage will be impacted by the arrival of improved renewable energy management systems, improved weather forecasting, and Smart Grids. This report is a unique guide to where energy storage firms can make money in the solar power industry.