Was this hardware previously working?
Has the storage-related hardware possibly failed?
Any recent hardware changes?
Does Disk Utility show any connected storage, from the Utilities section of the first screen of the installation process?
Does wiping the internal storage (using Disk Utility) and returning to this display show a connected device?
Does connecting an external, scratch USB, FireWire or Thunderbolt storage device show a target device available when returning to this screen?