https://www.businesswire.com/news/home/20181129005013/en/

BOULDER, Colo.--(BUSINESS WIRE)--Nov 29, 2018--A new report from Navigant Research 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. Click to tweet: According to a new report from @NavigantRSRCH, annual power capacity deployments of C&I TESSs in North America are expected to increase from 6.6 MW in 2018 to 68.8 MW in 2027, representing a compound annual growth rate (CAGR) of 29.8%.