01 Oct '13, 8am

Coupled solar and energy storage market to grow to US$2.8 billion in 2018, says Lux Research

Coupled solar and energy storage market to grow to US$2.8 billion in 2018, says Lux Research Press release; Alex Wolfgram, DIGITIMES [Tuesday 1 October 2013] Corporates playing in the solar and energy storage segments have long dreamed of combining the two complementary technologies to differentiate products and defend margins. This symbiotic match shows promise, yielding a US$2.8 billion market over the next five years, according to Lux Research. Grid-tied solar installations will comprise 675 megawatts, or nearly 95% of the combined 711 megawatt market, while off-grid applications including telecom power claim the remaining 5%. While the off-grid market enjoys higher profit margins, the much larger addressable market for grid-tied systems means they dominate the solar and energy storage market. "Developers are pushing packaged solar and storage systems in order to stand ...

Full article: http://www.digitimes.com/news/a20130930PR208.html

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