BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research provides a comprehensive resource of grid-scale energy storage projects worldwide, including a database of 697 projects encompassing 1,160 systems.
Government funding, subsidies, and regulatory reforms continue to encourage the growth of the market for grid-scale energy storage systems. While lithium ion (Li-ion) technology has emerged as the global leader in new energy storage projects, flywheels and flow batteries are also making significant headway. Click to tweet: According to a new report from Navigant Research, 91 new grid-scale energy storage systems, representing total capacity of 362.8 megawatts (MW), were launched or announced between January 1, 2013 and September 30, 2014.
“This is a critical time for the advanced energy storage industry,” says Anissa Dehamna, senior research analyst with Navigant Research. “The market has started moving quickly across a number of technologies, but in order for the industry to continue to scale, more systems integrators are needed.”
The 2013-2014 period has been particularly active for Li-ion technology, with 168.6 MW announced in the past 2 years, according to the report. Currently, there are 236.3 MW of Li-ion deployed globally. The second leading energy storage technology in regard to new market activity is sodium sulfur batteries — primarily the result of a new deal in Italy and a renewed deal in the United Arab Emirates.
The report, “Energy Storage Tracker 3Q14,” provides a comprehensive resource of energy storage projects worldwide. The Tracker includes a database of 697 projects (encompassing 1,160 systems) and tracks the country, region, market segment, capacity, status, technology vendor, systems integrator, applications, funding, investment, and key milestones of each project. In addition, the report includes analysis of the technology choice within each major region for energy storage, analysis of leading regions for energy storage capacity and projects, and market share analysis for technology vendors for deployed projects and projects in the pipeline. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, “Energy Storage Tracker 3Q14,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.