Navigant Research: Energy Storage Tracker 2Q19

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July 3, 2019

As global electricity grids embrace the new energy economy, energy storage is becoming a necessity in grid infrastructure. Energy storage grants stakeholders flexibility in generation, transmission, distribution, and end use. The landscape has grown increasingly sophisticated, marked by new types of projects being monetized by innovative business models.

Several new companies have entered the market across the energy storage value chain while legacy companies have sought to bolster their presence. The growing need to modernize global electricity grids and the evolution of business cases for deploying storage ensure continued market growth.

Several key factors continue to increase the global need for energy storage deployments. The restructuring of electricity markets will enable valuation of the flexible benefits of energy storage deployments. Variable generation sources such as solar PV and wind that are connected to power grids will require increased load balancing against demand. Areas with unstable grids and frequent outages will benefit from distributed energy storage systems (DESSs) and microgrids with storage. Load profiles will play a critical role in the structure and operation of the power grid, which will influence the development of energy storage markets.

This Navigant Research report provides a comprehensive resource of global energy storage projects. The Trackerincludes a database of 2,092 projects 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 and future projects.

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