https://www.metering.com/news/1700-energy-storage-projects-globally/
[Cost effective renewables (e.g. wind, solar, small hydro, biofuels)
plus storage means no more need for fossil fuels for generating
electricity or for most surface transportation.]
22 November 2017
More than 1,700 energy storage projects globally
Thanks to advanced battery energy storage systems, projects are being
deployed in the shortest timelines in the history of the industry and it
is reported that there are more than 1,700 projects in existence. Energy
storage has moved into the mainstream, going for a complementary
addition to renewable energy projects, to a "standalone solution that
provides customers and system owners with valuable flexibility and
profitability."
New research which tracks global energy storage projects has been
released by Navigant Research.
The research [http://www.navigantresearch.com/] tracks country and
regional projects; market segments; capacity, technology vendors and
system integrators; status, applications, funding, investment, and key
milestones.
“The global energy storage industry is poised to continue to grow
quickly over the next several years, especially in emerging economies,”
says Ian McClenny, research analyst with Navigant Research.
“With emerging infrastructure becoming increasingly integrated, dynamic,
and complex, flexible resources like storage will provide added value to
existing and new power generating assets.”
The global research company anticipates that energy storage will
increasingly become a practical option to costly grid and substation
upgrades to meet changes in load. Additionally, improvements in storage
technologies, regional regulatory and market drivers, and new business
models are all expected to drive the market forward.
Energy storage globally
Global battery energy storage systems
[https://www.metering.com/features/energy-storage-saas-sepa/] accounted
for a market value of almost $3.30 billion in 2016 says research by
ReportBuyer. The company further estimates the market will reach over
US$14 Billion by 2021.
The top five countries in the global market include the US, Japan, South
Korea, Germany, and China, account for almost 85% of the global
installed capacity in 2016.
The US and Japan accounted for just over 30% and around 20% market
share, respectively, in 2016, with the Asia-Pacific region holding
almost 42% of the global market.
Japan held market share of over 50% in the Asia Pacific market, with
newly built energy storage projects were largely used in transmission
and distribution (T&D).
According to ReportBuyer, "The Japanese New Energy Promotion Council
(NEPC) made available $2.57m to develop two large-scale grid-balancing
battery energy demonstration projects to help the Kyushu Electric Power
Co. and Tohoku Electric Power Co. install energy storage systems
allowing more renewable energy in the grid (CENSA, 2017)."
Germany leads the EMEA market with approximately 58% of market value for
projects installed up to 2016. Ancillary services and solar plus storage
are the main opportunity segment in the country.
"Storage subsidies from the KfW Development Bank and the fall in feed-in
tariff (FiT) rates will help boost the market for energy storage during
and beyond the forecast period. The EU battery industry is shifting its
focus toward decarbonization of the energy system. However, regulatory
barriers should be removed to allow the energy storage market to grow."
