BOULDER, Colo.--(BUSINESS WIRE)--A new Tracker report from Navigant Research provides a comprehensive resource of energy storage projects worldwide, including information on 804 projects encompassing more than 12,000 individual systems.
2014 was a major year for the global energy storage industry, with some of the largest single contracts in history awarded to leading storage companies. Driven primarily by regulatory mandates in the United States, Europe, and Asia Pacific, the industry took significant steps forward. Click to tweet: According to a new Tracker report from Navigant Research, 696.7 megawatts (MW) of energy storage projects were announced from the third quarter of 2014 to the first quarter of 2015.
“Driven by government support at the state and federal levels, North America leads the world in terms of recently announced energy storage projects,” says Anissa Dehamna, senior research analyst with Navigant Research. “California alone accounts for more than one-quarter of new project announcements in the 2014-2015 period.”
The rise in popularity of lithium ion (Li-ion) technology has continued, according to the report. In 2014, there were 64 newly announced Li-ion battery projects, representing 562.0 MW of capacity, or around 80% of all newly announced projects during that time period. There were also 25 Li-ion projects commissioned during this time period, accounting for 62.4 MW of new capacity coming online.
The report, “Energy Storage Tracker 1Q15,” provides a comprehensive resource of energy storage projects worldwide. The Tracker includes a database of 804 projects (encompassing 12,122 individual systems down to the residential level) and tracks the country, region, market segment, capacity, status, technology vendor, systems integrator, applications, funding, investment, and key milestones of each project. It also includes an analysis of the technology choice within each major region for energy storage, analysis of the 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 Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global professional 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 deliver expert and advisory work through implementation and business process management services. The firm combines deep technical expertise in Disputes and Investigations, Economics, Financial Advisory, and Management Consulting, with business pragmatism to address clients’ needs in highly regulated industries, including Construction, Energy, Financial Services and Healthcare. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, “Energy Storage Tracker 1Q15,” 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.