Software for energy storage systems will be a mixture of in-house solutions by integrator/developers and third-party providers, in an industry segment set for a steep rise in value, according to one expert.
A new report from Navigant Research has predicted a steep rise in the value of energy storage software. Navigant analyst Alex Eller told Energy-Storage.News that cumulative vendor revenues will rocket from US$201.2 million this year to US$3.4 billion by 2025. The report itself looks at both utility-scale and behind-the-meter energy storage software, including residential, commercial and industrial (C&I) and large-scale, from a range of providers with a range of approaches.
Software is a vital piece of the advanced energy storage puzzle, used in three key areas: analysing projects, controlling and operating storage systems, and system optimisation. As Eller points out, software determines how effectively the storage will achieve revenues or savings, whether that be in helping C&I customers reduce demand charges on their bills or providing multiple or ‘stacked’ services to grid operators.
While on the one hand the right software can effectively manage and control systems, it also plays its role even before systems are built.
“Usually a lot of the same vendors that have management systems platforms also do system design and analysis,” Eller said.
“So before anything even gets built they can model how components are going to interact, the optimal size for the system and all different operating parameters that are going to allow streamlined installation, make the whole process faster and more accurate, you’re not going to have systems that are oversized or undersized, theoretically that’s the idea there.”
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