Commercial Building Energy Storage Systems Revenue Will Surpass $7.5 Billion Annually by 2022, Forecasts Navigant Research

  Commercial Building Energy Storage Systems Revenue Will Surpass $7.5 Billion
  Annually by 2022, Forecasts Navigant Research

Business Wire

BOULDER, Colo. -- June 10, 2013

The market for energy storage in commercial buildings is nascent and
developing. Although one segment, energy storage systems for uninterruptible
power supply (UPS) systems, is mature, the business models for the other two
segments within this market – electrical energy storage (EES) systems and
thermal energy storage (TES) systems – are still evolving. According to a
recent report from Navigant Research, annual revenue from energy storage
systems for commercial buildings will grow from $3.9 billion in 2013 to more
than $7.5 billion in 2022.

“Today, there is less than 10 gigawatt-hours of cumulative energy storage
capacity represented by all commercial building systems, and the vast majority
of that capacity is frozen behind meters in UPS systems that are rarely, if
ever, called upon,” says Sam Jaffe, senior research analyst with Navigant
Research. “By 2022, such systems will represent a global cumulative capacity
of more than 30 gigawatt-hours, most of which will be interacting with the
power grids throughout the world on a daily basis.”

The future growth of TES and EES systems is primarily reliant on expectations
of regulatory changes. As TES and EES systems begin to reach critical mass,
their overall energy capacity will start to become significant, the study
concludes. When combined with residential energy storage systems and
utility-owned storage systems, energy storage will have a greater impact on
the capacity of the grid to absorb more renewable power, and will increase
overall system power reliability and quality.

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 Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about 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 Navigant Research can be found at www.navigantresearch.com.

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 Navigant
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 Navigant Research nor Navigant undertakes any
obligation to update any of the information contained in this press release or
the report.

Contact:

Navigant Research
Richard Martin, +1-303-493-5483
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com
 
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