While pumped hydro plants still account for around 96% of installed capacity of stationary energy storage worldwide, there will be more than 28GW of lithium batteries deployed for stationary storage applications by the year 2028, Navigant Research has predicted.
The market for power conversion systems (PCS) used in energy storage is becoming “increasingly crowded” with competitors, while the diverse field of players will contribute to “rapid technological innovations and price reductions”, Navigant Research has said.
First developed by NASA, flow batteries are a potential answer to storing solar – and wind – for eight to 10 hours, far beyond what is commonly achieved today with lithium-ion. In the first of a two-part special report, Andy Colthorpe learns what the flow battery industry faces in the fight for commercialisation.
It’s been predicted for some time that the redox flow energy storage space will, after some turmoil and rapid consolidation, find success in providing energy storage at durations of more than four hours. This past couple of weeks have been a tale of both turmoil and success.
A new study from Navigant Research into the strategy and execution of various lithium-ion battery providers in the utility-scale energy storage industry identified Korean companies LG Chem and Samsung SDI as “leaders” of a rapidly-growing sector.
In part 2 of a technical paper first published in PV Tech Power Vol.13, Alex Eller of Navigant Research continues his look at how one of the most significant expenses for electric utilities, maintaining and upgrading transmission and distribution (T&D) networks, could be undercut using non-wires alternatives – including energy storage.
Innovations in new distributed energy technologies are challenging conventional thinking around the most effective ways to serve electricity customers and utilise grid infrastructure. Alex Eller of Navigant Research looks at how one of the most significant expenses for electric utilities, maintaining and upgrading transmission and distribution (T&D) networks could be undercut using non-wires alternatives – including energy storage.
While acknowledging that the economics “vary significantly” by region and application, Navigant Research has forecast that energy storage for integration of renewables and co-located with solar or wind could be worth more than US$20 billion by 2026.
The US national Energy Storage Association (ESA) has advocated that the nation should aim to deploy 35GW of energy storage by 2025, claiming it could result in US$4bn of network cost savings and generate 167,000 jobs.
One of the ‘value of energy storage’ questions that was being asked a lot two or three years ago was around the use of batteries and decentralised system architecture instead of traditional “poles and wires” grid networks. However, advancements in this area have been slow to materialise and Navigant Research’s recent ‘Energy Storage for Transmission and Distribution Deferral’ report sought to fill the knowledge gap. Andy Colthorpe took the opportunity to ask lead author Alex Eller three quick questions around the topic.