Green Charge eBook: Solar + Energy Storage A Golden Opportunity in the Golden State

In 2017, the energy storage market is expected to double in size in California thanks to more than $448 million in federal and local incentives to pair storage with solar projects. Together, both solar and energy storage work to lower electric bills: solar by overall consumption and storage by spikes in power demand. Variable power generation is a weakness of solar systems that energy storage improves on. Pairing solar and energy storage brings stability, increased reliability and resiliency to the electrical grid. 

According to a recent report by market research firm Navigant: The global electric power industry is evolving from a financial and engineering model that relies on large centralized power plants owned by utilities to one that is more diverse—both in sources of generation and ownership of the generation assets. This transformation will continue to have a significant impact on the solar PV industry worldwide. Key emerging trends that will shape the trajectory of the global distributed solar PV (DSPV) market in particular include price drops, changes in financial incentives, and emerging business models.