Once again we see respected analysts predicting significant growth in the energy storage sector. You'll see similar predictions from Navigant, IHS and Mercom. The stand out for me is the suggestion that the energy storage market will be the same size as the current solar PV market, in just twelve years time. As I've written about many times recently it gives us a big skills challenge. At Hyperion we are already very active recruiting sales managers, project developers, energy analysts, and financial modellers, among other roles, in the sector, across the EMEA region. But candidates who aspire to join the industry need to make themselves energy storage ready.
Looking at the entire global energy industry, BNEF’s report sees encouraging signs in the energy storage market, which inspired expectations of a market valued at $250 billion or more by 2040. In the shorter term, BNEF expects 25 GW of storage devices to have been deployed over the next 12 years, which, the BNEF analysts pointed out, is about the same size as today’s rooftop PV industry.