Report finds that energy storage has experienced significant growth in the past two years
Smart energy technologies are increasingly expected to help address the sustainability needs of smart cities to reduce carbon-intensive peak energy use and to develop resilient energy systems, a new study reveals.
The new report, Smart Cities and Energy Storage from Navigant Research, examines the role energy storage can play in smart cities and how smart cities can drive the deployment of energy storage.
According to the analyst firm, the emergence of energy storage solutions in conjunction with the deployment of distributed energy resources (DER) will improve the delivery of smart energy solutions in smart cities.
The report finds that energy storage has experienced significant growth in the past two years due in part to its unique ability to support the deployment of flexible energy capacity. The emergence of energy storage’s ability to make DER more flexible, less carbon-intensive, and more resilient is redefining how smart energy solutions can support the sustainability needs of an integrated smart city technology and solutions platform.
“Smart energy technologies such as energy storage will increasingly be called on to address the sustainability needs of the urban energy transformation now underway,” said William Tokash, senior research analyst at Navigant Research.
“Specifically, energy storage is now poised to support the delivery of low carbon DER to reduce peak energy use and improve the resilience capabilities of urban landscapes by enhancing access to reliable electricity supply.”
The study provides an overview of energy storage applications within smart cities, including drivers and barriers for energy storage, and discusses how energy storage works within an integrated energy as a service framework. It also analyses the role of energy storage in the delivery of low carbon peak energy and improving resilience.
Navigant Research is the dedicated research arm of Navigant, and provides market research and benchmarking services for rapidly changing and often highly regulated industries.
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