Solar PV plus Energy Storage Nanogrids

Grid-Tied Systems for Residential and Commercial Applications:
Market and Technology Issues, Industry Profiles, and Global Market Forecasts

The business case for nanogrids echoes many of the same arguments used on behalf of microgrids. These smaller, modular, and flexible distribution networks are the antithesis of the bigger-is-better economies of scale thinking that has guided energy resource planning over much of the past century. Nanogrids take the concept of a bottom-up energy paradigm to extreme heights. In some cases, the networks articulate a business case even more radical than that for a microgrid; in other cases, nanogrids peacefully coexist with the status quo.

Growing utility opposition globally to traditional solar PV support mechanisms such as net metering and feed-in tariffs (FITs) only helps to build the business case for solar PV plus energy storage nanogrids. Extracting the greatest value from solar PV in the absence of subsidy will require linking this variable distributed generation (DG) to a battery. As such, pairing solar PV with energy storage in a distributed fashion will soon emerge as the most economical way to successfully incorporate distributed energy resources into today’s market landscape. According to Navigant Research, global solar PV plus energy storage nanogrid revenue is expected to grow from $1.2 billion in 2015 to $23.1 billion in 2024.

This Navigant Research report analyzes the global market for solar PV plus energy storage nanogrids, with a focus on distributed solar PV installations in behind-the-meter building-level applications for residential and commercial customers. The study provides an analysis of the market issues, including cost trends, business cases, and synergies, associated with nanogrids, solar PV, and energy storage systems. Global market forecasts for capacity and revenue, segmented by application and region, extend through 2024. The report also examines the key technologies related to solar PV plus energy storage nanogrids, as well as the competitive landscape.

Key Questions Addressed:
  • Why is the solar PV plus energy storage nanogrid segment gaining such rapid market traction?
  • How do nanogrids and microgrids differ?
  • Who are the leading market players in this market on the solar PV side?
  • Who are the leading market players in this market on the energy storage side?
  • What are the top four leading country markets today?
  • Which technologies are vital to taking this market to full market maturity?
Who needs this report?
  • Utilities
  • Solar PV retailers
  • Energy storage vendors
  • Microgrid vendors
  • Building controls innovators
  • Government regulators
  • Investor community

Table of Contents

1. Executive Summary               

1.1   Nanogrids: Transforming the Energy Service Landscape

1.2   Regional Capacity Trends

1.3   Regional Revenue Trends

2. Market Issues

2.1   What Is a Nanogrid?

2.2   Solar PV plus Energy Storage Cost Trends

2.2.1   Solar PV Cost Trends

2.2.2   Distributed Energy Storage Cost Trends

2.2.3   Utility Grid Cost Trends

2.3   Nanogrid versus Microgrid

2.4   Community Resilience Initiatives

2.5   Synergies between Solar PV and ESSs

2.5.1   Growing List of Partnerships

2.5.2   Case Study: U.S. Policy Support for Energy Storage Services

2.6   Building the Nanogrid Business Case

2.6.1   Residential Applications

2.6.2   Commercial Applications

2.7   Top Four Country Markets

2.7.1   Australia

2.7.2   Germany

2.7.3   Japan

2.7.4   United States

3. Technology Issues

3.1   Nanogrid-Enabling Technology Overview

3.2   Solar PV Systems

3.2.1   Inverter and BOS Price Declines

3.2.2   Financial Technology Innovation

3.2.3   Commercial versus Residential Solar PV BOS Costs

3.3   Energy Storage Technologies

3.3.1   Li-Ion Batteries

3.3.2   Flow Batteries

3.3.3   Advanced Lead-Acid Batteries

3.3.4   Aqueous Batteries

3.3.5   EVs

3.4   Controls, Integration, and Optimization

3.4.1   Smart Meters

3.4.2   Smart Inverters

3.4.2.1  Microinverters

3.4.3   DC Options

3.4.3.1  DC Optimizers

3.4.3.2  DC versus AC Building Controls: PoE

4. Key Industry Players

4.1   Vendor Overview

4.2   Solar PV

4.2.1   SolarCity

4.2.2   SunPower

4.2.3   Sunrun

4.3   Energy Storage

4.3.1   Gildemeister

4.3.2   LG Chemical

4.3.3   Tesla

4.4   DC System Pioneers

4.5   Integration and Optimization Specialists

4.5.1   E3/DC

4.5.2   Green Charge Networks

4.5.3   Ideal Power

4.5.4   Sunverge

4.5.5   TimberRock Energy Solutions

4.6   Utilities

4.6.1   PowerStream

5.   Market Forecasts

5.1   Market Forecast Overview: Solar PV plus Energy Storage Nanogrids

5.2   Methodology

5.3   Solar PV Market

5.4   Commercial and Residential Nanogrid Revenue Market Dynamics

5.4.1   Residential Nanogrids

5.4.2   Commercial Nanogrids

5.5   Regional Segment Dynamics

5.5.1   North America

5.5.2   Europe

5.5.3   Asia Pacific

5.5.4   Latin America

5.5.5   Middle East

5.5.6   Africa

5.6   Conclusions and Recommendations

6. Company Directory
7. Acronym and Abbreviation List
8. Table of Contents
9. Table of Charts and Figures
10. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Total Solar PV plus Energy Storage Nanogrid Capacity and Revenue by Region, World Markets: 2015-2024
  • Distributed Solar PV Installed System Prices (Non-Weighted Average) by Component, World Markets: 2011-2024
  • Average Installed ESS Cost for Distributed Applications by Technology,  World Markets: 2015-2024
  • Countries at Grid Parity, LCOE of Solar PV Compared to Grid Prices, World Markets: 2015
  • Comparison of Residential Solar PV Installation Costs, United States, Japan, Australia, and Germany: 2014
  • Comparison of Residential vs. Commercial Solar PV Installation Costs, United States: 2014
  • Distributed Solar PV Capacity, 100 kW and Below, by Region, World Markets: 2015-2024
  • Distributed Solar PV Revenue, 100 kW and Below, by Region, World Markets: 2015-2024
  • Revenue Splits, Solar PV and Energy Storage, Residential and Commercial Nanogrids, World Markets: 2015
  • Revenue Splits, Solar PV and Energy Storage, Residential and Commercial Nanogrids, World Markets: 2024
  • Solar PV plus Energy Storage Residential Nanogrid Capacity and Revenue by Region, World Markets: 2015-2024
  • Solar PV plus Energy Storage Commercial Nanogrid Capacity and Revenue by Region, World Markets: 2015-2024
  • Does Growth in DER Represent a Threat to Utilities?
  • Diagram of Key Idealized Residential Nanogrid Components
  • Megagrid, Milligrid, Microgrid, and Nanogrid
  • LCOE for Commercial Solar PV plus Batteries, Selected U.S. State Markets: 2014-2050
  • How Energy Storage Can Manage Demand Profiles to Reduce Utility Peak Demand Charges
  • In Germany, Higher Retail Prices Migrating to Later Times in the Day over Time
  • Module-Level Power Electronics Topologies Compared to Conventional String Inverter
  • New AC/DC Hybrid Microgrid Path to Zero Net Energy Buildings
  • Solar City Lease Structure
  • Size Comparison between Conventional Converters and Ideal Power Converters
  • TimberRock Business Model Value Streams with Energi Performance Guarantee
  • PowerStream’s Customer Acquisition Strategy
  • New Installed Nanogrid ESS Capacity by Region, World Markets: 2015-2024
  • New Installed Nanogrid ESS Revenue by Region, World Markets: 2015-2024

List of Tables     

  • Electricity Rates by Customer Type, Select World Markets: 2014
  • Distributed Solar PV System Prices (Non-Weighted Average) by Component, World Markets: 2011-2024
  • Countries at Grid Parity, LCOE of Solar PV Compared to Grid Prices, World Markets: 2015
  • Average Installed ESS Cost for Distributed Applications by Technology, World Markets: 2015-2024
  • Hours of Discharge by Application and Technology, World Markets: 2015-2024
  • Average Solar PV Installed Price (Non-Weighted) System Size and Region, World Markets: 2011-2024
  • Solar PV plus Energy Storage Commercial Nanogrid Revenue by Region, World Markets: 2015-2024
  • Total Solar PV plus Energy Storage Nanogrid Capacity by Region, World Markets: 2015-2024
  • Total Solar PV plus Energy Storage Nanogrid Revenue by Region, World Markets: 2015-2024Atos Strategy and Execution Scores
  • Comparison of Residential Solar PV Installation Costs, United States, Japan, Australia, and Germany: 2014
  • Comparison of Residential vs. Commercial Solar PV Installation Costs, United States: 2014
  • Total Distributed Solar PV Capacity by Region, World Markets: 2015-2024
  • Distributed Solar PV Capacity, 100 kW and Below, by Region, World Markets: 2015-2024
  • Total Distributed Solar PV Revenue by Region, World Markets: 2015-2024
  • Distributed Solar PV Revenue, 100 kW and Below, by Region, World Markets: 2015-2024
  • New Installed Nanogrid ESS Capacity by Region, World Markets: 2015-2024
  • New Installed Nanogrid ESS Capacity by Application, World Markets: 2015-2024
  • New Installed Nanogrid ESS Revenue by Region, World Markets: 2015-2024
  • New Installed Nanogrid ESS Revenue by Application, World Markets: 2015-2024
  • New Installed Building-Sited ESS Capacity by Technology and Application, North America: 2015-2024
  • New Installed Building-Sited ESS Capacity by Technology and Application, Europe: 2015-2024
  • New Installed Building-Sited ESS Capacity by Technology and Application, Asia Pacific: 2015-2024
  • New Installed Building-Sited ESS Capacity by Technology and Application, Latin America: 2015-2024
  • New Installed Building-Sited ESS Capacity by Technology and Application, Middle East: 2015-2024
  • New Installed Building-Sited ESS Capacity by Technology and Application, Africa: 2015-2024
  • New Installed Building-Sited ESS Revenue by Technology and Application, North America: 2015-2024
  • New Installed Building-Sited ESS Revenue by Technology and Application, Europe: 2015-2024
  • New Installed Building-Sited ESS Revenue by Technology and Application, Asia Pacific: 2015-2024
  • New Installed Building-Sited ESS Revenue by Technology and Application, Latin America: 2015-2024
  • New Installed Building-Sited ESS Revenue by Technology and Application, Middle East: 2015-2024
  • New Installed Building-Sited ESS Revenue by Technology and Application, Africa: 2015-2024
  • Solar PV plus Energy Storage Residential Nanogrid Capacity by Region, World Markets: 2015-2024
  • Solar PV plus Energy Storage Residential Nanogrid Revenue by Region, World Markets: 2015-2024
  • Solar PV plus Energy Storage Commercial Nanogrid Capacity by Region, World Markets: 2015-2024
  • Lexicon of Nanogrids, Microgrids, and VPPs
  • East Coast State Rankings on Solar PV plus Energy Storage Market Environment
  • Key Solar PV and Energy Storage Partnerships in the Nanogrid Space
  • Solar PV plus Energy Storage Residential Nanogrids SWOT Analysis
  • Solar PV plus Energy Storage Commercial Nanogrids SWOT Analysis
  • Current Market Drivers and Barriers by Region for DC Power Grid-Tied Nanogrids
  • DC Nanogrid Pioneers

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