Dec. 5, 2011: Market for Energy Storage in Commercial Buildings Poised for Significant Growth
BOULDER, Colo. — Buildings represent a large portion of total energy consumption, and many commercial businesses are actively seeking ways of managing their energy costs through efficiency measures, demand response technology, variable electricity pricing structures, and smart technology for building systems such as HVAC, notes Pike Research. All of these are helping drive heightened interest in the opportunity for energy storage in commercial buildings.
According to a report from Pike Research, the market for energy storage in commercial buildings is poised for significant growth in the years ahead. In 2016, the firm forecasts, total revenue from energy storage systems will reach at least $4.9 billion. Under a more aggressive, high-growth scenario, total energy storage revenue for commercial buildings could reach $6.7 billion.