The capacity of installed hybrid energy storage systems (HESS) is expected to exceed 2GW by 2026.
According to a new report from Navigant Research, global installed HESS power capacity is expected to grow from today’s 78.6MW to 2.1GW in less than a decade.
The report says such systems “have the potential to change the energy storage landscape and give customers better options to service their needs”.
Ian McClenny, research analyst with Navigant Research, also points out: “Much of the growth of the HESS industry is expected to occur alongside the maturation of pure-play battery energy storage technology.”
Battery-battery and battery-capacitor systems are expected by Navigant to dominate the market, accounting for 1.6GW of worldwide storage capacity by 2026.