Total Capacity of Commercial Building Energy Storage Systems Will Expand More Than Five-Fold by 2022, Forecasts Pike Research

Mon Feb 25, 2013 11:15am EST

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BOULDER, Colo.--(Business Wire)--
The market for energy storage in commercial buildings includes one mature
segment - energy storage systems for uninterruptible power supply (UPS) systems
- as well as two relatively nascent segments: electrical energy storage (EES)
systems and thermal energy storage (TES) systems. In certain cities and regions
where local utilities and governments allow building owners to monetize the
value stream of peak shifting, these technologies are likely to spread rapidly.
According to a new report from Pike Research, a part of Navigant`s Energy
Practice, the total capacity of commercial building energy storage systems will
grow from about 900 megawatt-hours (MWh) in 2013 to more than 5,000 MWh in 2022.


"The future growth of TES and EES systems is primarily reliant on expectations
of regulatory changes," says senior research analyst Sam Jaffe. "If there is a
sea-change in global electricity regulation that enables customers to realize
the value of energy storage, then the market is likely to expand rapidly. We
expect that some utility regions will alter regulations while others will not,
leading to localized hotspots of growth surrounded by deserts of inaction." 

Another factor in the growth of commercial energy storage will be reductions in
the cost of systems. This will be primarily driven by lower battery costs
(spurred more by the transportation market demand for batteries than by the
stationary storage market), but also by reductions in the prices of other parts
that go into the balance of the system, such as battery management systems
(BMSs) and two-way power inverters. 

The report, "Energy Storage in Commercial Buildings", analyzes the global market
opportunity for commercial building energy storage across all three key
segments: UPS energy storage systems, electrical energy storage systems, and
thermal energy storage systems. The report provides a comprehensive assessment
of the demand drivers, business models, policy factors, and technology issues
associated with the dynamic commercial building energy storage space. Key
industry players are profiled in depth and worldwide revenue and capacity
forecasts, segmented by application and region, extend through 2022. An
Executive Summary of the report is available for free download on the Pike
Research website. 

About Pike Research

Pike Research, which joined Navigant`s global Energy Practice on July 1, 2012,
provides in-depth analysis of global clean technology markets. The team`s
research methodology combines supply-side industry analysis, end-user primary
research and demand assessment, and deep examination of technology trends to
provide a comprehensive view of the Smart Energy, Smart Utilities, Smart
Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Pike Research can be found at www.navigant.com/pikeresearch. 

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated to
assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with clients,
Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at
www.navigant.com. 

* The information contained in this press release concerning the report, "Energy
Storage in Commercial Buildings," is a summary and reflects Pike Research`s
current expectations based on market data and trend analysis. Market predictions
and expectations are inherently uncertain and actual results may differ
materially from those contained in this press release or the report. Please
refer to the full report for a complete understanding of the assumptions
underlying the report`s conclusions and the methodologies used to create the
report. Neither Pike Research nor Navigant undertakes any obligation to update
any of the information contained in this press release or the report.

Pike Research
Richard Martin, +1-303-997-7609
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com



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