HomeStandards & Certifications ›Sungrow Offers Liquid Cooled Energy Storage System PowerStack for North American C&I ESS Market

Sungrow Offers Liquid Cooled Energy Storage System PowerStack for North American C&I ESS Market

Energy storage in the commercial and industrial (C&I) segment is poised for growth over the next decade. It is estimated that by 2030, the annual growth of the global C&I energy storage market will exceed hundreds of billion US dollars.

September 24, 2022. By News Bureau

Energy storage in the commercial and industrial (C&I) segment is poised for growth over the next decade. It is estimated that by 2030, the annual growth of the global C&I energy storage market will exceed hundreds of billion US dollars. 

The United States will be one of the largest incremental markets.

 

The rising popularity of renewable energy comes with volatility and intermittence, which brings potential risks and operation concerns to the grid. ESS coupled with renewable energy contributes to grid stability.

In addition, power outages caused by natural disasters and supply-demand imbalances bring substantial economic loss, and ESS also plays a role in the increased interest for backup power.

The electricity cost for C&I demand is relatively high in the US. Driven by incentives including time-of-use electricity price, and favorable updated rules on net metering, ancillary services, federal and state subsidies, the C&I ESS increases revenue.

Profitability, safety, integration, and operation & maintenance (O&M) costs, are always major concerns for stakeholders when choosing an ideal C&I ESS. Sungrow, the global leading inverter and ESS solution supplier, launched its competitive C&I liquid cooled ESS, the PowerStack.

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