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Report: Stored Energy in Commercial Buildings Set for Rapid Growth

Energy storage in commercial buildings is poised for significant growth, driven by market momentum toward greater energy efficiency, the proliferation of smart grid technologies, and the growth of renewable energy installations, according to a report by Pike Research.

“Energy Storage in Commercial Buildings” predicts that the uninterruptible power supply market, which is currently the largest segment within this industry, will increase from $3.4 billion in 2011 to $4.8 billion by 2016.

Another key emerging segment is ice-based thermal energy storage custom systems, which Pike Research anticipates will rise from $15 million in revenue in 2011 to $37 million by 2016.  Under a more aggressive growth scenario, this market could reach as high as $92 million during the same period.  Ice-based thermal energy storage rooftop units in North America will also experience strong growth, increasing from $12 million in 2011 to $123 million by 2016 under a baseline forecast scenario, Pike said.

“Energy storage presents a compelling opportunity for building owners and managers,” says research analyst Eric Bloom.  “These systems offer the ability to manage operating expenses in the face of aggressive demand charges and dynamic pricing schemes, which are on the rise throughout North America.”

In October 2010, APC by Schneider Electric launched what it claimed to be the industry’s first uninterruptible power supply software to provide energy reporting for IT equipment. PowerChute Business Edition 9.0 provides safe system shutdown and UPS management, reporting on the energy being consumed, cost of the energy and CO2 emissions produced on a per Smart-UPS basis, APC said.

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2 thoughts on “Report: Stored Energy in Commercial Buildings Set for Rapid Growth

  1. The increased storage capabilities and the recognition that energy that is sold at different prices based on time of use may not be providing the same benefits at the end use. What we would pay for electric hot water for a coffee may be very different from the electricity to keep a haert lung machine working in a hospital. Storage and Demand Response will be part of the next version of the CABA Building Intelligence Quotient program. Join CABA and contribute to the development of the rating system.

  2. Also emerging is a means to accomplish this through SW that controls BAS in large commercial buildings. Clean Urban Energy in Chicago is using their SW and algorithms to preheat and precool the building and make sue of the inherent thermal storage of the building.

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