Behind-the-meter energy storage will overtake grid-scale storage as the largest market segment in 2021 as the result of a surge in storage capacity. Currently utility-scale storage developments make up 84 per cent of total installed capacity, but by 2024 behind-the-meter storage will account for two-thirds of capacity according to Bloomberg New Energy Finance (BNEF). A new forecast report by BNEF revealed that by 2024 capacity will reach 45GW, 16 times the current amount, following investment totalling £33 billion ($44 billion). This compares to £2.9 trillion in power generation capacity. This will be the equivalent to less than 2.5 percent of the total installed capacity of intermittent renewables.
Utility Week 2nd Sept 2016 read more »