As the energy storage market matures, technological progress and legislative and regulatory tailwinds have propelled ESS's to the forefront of industry consciousness. Breakthroughs in adjacent digital technologies, including the Internet of Things (IoT), machine learning, and blockchain, have engendered the creation of innovative software platforms that advance the technical capabilities, economic viability, and bankability of ESS's. According to the report, Asia Pacific is anticipated to be the largest regional market for energy storage software platforms. Driven by a rapidly growing battery ESS (BESS) market, the region is expected to account for $10.7 billion in cumulative software vendor revenue through 2028.
“Energy storage is flexible, can be deployed rapidly, has numerous applications, and can generate multiple value streams for utilities and their customers,” says Ricardo Rodriguez, research analyst at Navigant Research. “ESS software platforms augment these capabilities and are evolving across market segments, enhanced by underlying digital technologies, to provide complex solutions.”
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06 September 2019