Lithium-ion dominates grid storage project proposals in 2014

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on reddit
Reddit
Share on facebook
Facebook
Share on email
Email

Lithium-ion (Li-ion) batteries accounted for 90% of all proposed grid storage projects in 2014, according to a new study by Lux Research.

The early mover status of molten salt batteries by companies like NGK Insulators means that technology still represents the most installed capacity, despite having now fallen out of favour.

Li-ion accounted for 419MW and 1,555 MWh of proposed storage systems in 2014. Molten salt batteries, primarily sodium-sulphur (NaS), represent 64% of deployed MWh, or approximately 1614MWh, up to January 2015.

“Driven by renewable-connected systems and demand management, grid-scale energy storage is taking off, with 450 MW and 730 MWh of systems installed in 2014 ,” said Dean Frankel, Lux research associate and the lead author of its ‘Grid Storage Data Tracker’.

“As the market matures, new roles along the grid storage value chain are emerging – including financiers who enable leasing services to storage developers and their end-customers as well as battery operators who manage and control a systems’ role on the electric grid,” added Frankel.

The report also found that Japan and the US continue to have the lead in grid storage projects at present. Demand management and renewable energy connected systems are the leading applications for energy storage.

Main image: Flickr/Portland General

A grid-scale battery trial in the UK consisting of 3000 Li-ion batteries.

Read Next

August 9, 2021
News in brief from around the world in energy storage.
August 9, 2021
A product recall has been announced for around 10,000 units of residential battery energy storage systems (BESS) by manufacturer LG Energy Solution Michigan in the US, due to potential fire risks.
August 6, 2021
Approval has been granted for a 150MWh battery storage retrofit at a Queensland solar farm under development by Elliott Green Power Australia (EGP), a solar investment fund group currently seeking to sell off its assets and exit the industry.
August 4, 2021
California’s government has issued a roadmap for the US state to achieve its long-term goal of 100% clean energy, while an immediate State of Emergency has been declared over concerns the electric system will struggle under heat waves this summer.
August 2, 2021
Battery storage could play the same role on the grid as a proposed 60MW natural gas and fuel oil peaker plant in Massachusetts and not only result in lower emissions but also in cost savings.

Most Popular

Email Newsletter