C&I thermal energy storage systems expected to near 70 MW in 2027


Navigant Research’s new report examines the global market drivers and barriers influencing the deployment of behind-the-meter residential and commercial and industrial (C&I) thermal energy storage systems (TESSs).

As the behind-the-meter (BTM) distributed energy storage market matures, residential and C&I customers are seeking low cost distributed energy storage systems tailored for specific sector needs.

BTM TESSs, which store thermal energy by heating or cooling a storage medium so that the stored energy can be used later for heating and cooling applications, are emerging as an important technology that can provide cost and energy savings for system owners and the power grid.

“Primarily a strategic technology, BTM TESSs enable owners to optimise energy bill management strategies, participate in utility-sponsored demand response programmes, and meet corporate or government sustainability goals,” says Ricardo Rodriguez, research analyst with Navigant Research.

“These systems also provide resilient backup energy and deliver grid benefits to regional transmission organisations/independent system operators and local distribution system utilities.”

The emerging confluence of technical, environmental, economic, and regulatory factors is driving interest in thermal energy storage technologies, particularly grid-interactive water heaters (GIWHs) and ice-based systems, according to the report.

However, the market for residential and C&I TESSs will be highly concentrated in select markets over the coming years due to the diversity of utility programmes and rate structures, source energy composition of electricity grids, and variations in the heating and cooling demands of countries across the globe.

The report, Thermal Energy Storage, analyses the global market drivers and barriers influencing the deployment of BTM residential and C&I TESSs. The study examines the key issues and customer dynamics that are driving increased interest in TES technologies, specifically GIWHs and ice-based systems.

An Executive Summary of the report is available for free download on the Navigant Research website.