According to the ESA/GTM Q219 Energy Storage Monitor, The U.S. Energy Storage market will reach 4.5 GW and $4.84B in revenue by 2024. One of the key drivers will be the integration of solar energy storage. The economics of solar and energy storage are solid as a result of the availability of the ITC incentive, but energy storage has additional advantages when integrated with solar. Energy storage firms solar assets and removes intermittency challenges. It extends the use of solar assets, providing the ability to shift production to when it’s needed. Solar and storage can be used to increase utilization and offer no need for curtailment in constrained markets.
If you have solar in market and are looking to see the economics of energy storage or have a new solar and storage development in the pipeline we would love to talk. To see how storage and solar work together, please take a look at our videos.
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