Residential energy storage is a niche market now, but it is going to build momentum over the next 10 years, according to a new report from Navigant Consulting, opening opportunities for utilities to harness the technology.
The report’s authors see residential energy storage growing to a 3,773 MW market by 2025 from nearly 95 MW today. In that same time frame, they see the North American residential storage market rising 55%, hitting 800 MW from the current 15 MW.
