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Tracking the Rise of the Off-Grid Energy Storage Market
Renewable Energy World: The image that “off-grid” solar conjures of small cabins or individual solar home systems is outdated in today’s world. Yes, it’s true, off-grid storage applications do include remote homes and even remote communities in some of world’s developing regions, but off-grid solar makes possible a wide range of applications from residential to commercial, and continues on a path of rapid growth.
According to a 2016 Bloomberg New Energy Finance (BNEF) industry research report, the off-grid solar sector should reach $3.1 billion by 2020. The energy storage sector is positioned to follow the same upward growth trend. Today, off-grid applications ranging from private residences and eco-resorts, to remote lighting, telecom and community microgrids in developing countries, benefit from battery storage solutions.
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