NRG Expert provides a comprehensive overview and analysis of the Energy Storage market. Energy storage involves storing excess energy at low peak times and then releasing it when demand is high. This energy storage market research looks at: the grid, the rationale for storage, current energy storage technologies, energy storage companies, energy storage systems, energy storage capacity and much more. It assesses how energy storage can help companies meet fluctuations in energy demand and provides key energy storage data and statistics.
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Key reasons to purchase this energy storage market research
- Make informed business decisions through a clear global understanding of the energy storage market
- Understand the trends, developments and opportunities through our energy storage analysis
- Prepare market size evaluations and forecast companies or government’s energy storage requirements
- Manipulate the in-depth energy storage data
- Analyse energy storage systems and energy storage companies
- Review energy storage technologies and the impact of energy storage on the electricity grid.
- Review the energy storage market place and key companies in each country
- Review the economics and development of various energy storage options.
What’s in this energy storage market research report?
This NRG Expert energy storage market research report contains the following energy storage analysis, statistics and data:
- The Grid – power demand, base load, peak load, intermediate load
- Energy storage for renewables
- The rationale for energy storage
- The current state of energy storage
- Energy storage technologies
- The key countries
- The major players and energy storage companies
- Energy storage plants
- Energy storage capacity
- Energy storage systems
Background to this energy storage market research
Companies, countries, individuals and governments need to work out how to store energy to meet spikes in demand.
Energy storage for renewable energy
Energy storage is particularly important for renewable energy as a lot of variability exists. To balance the electricity generated from renewables, the energy must be stored. Energy storage technologies and systems have therefore started to garner interest as a means to integrate power produced from renewable energy into the grid. Stored energy can be used to meet peak demand and delay investment in generation capacity as a whole, which makes it attractive for utilities.
While most interest in storage has focused on grid-scale applications, there is also room in the market for smaller, scale distributed storage. This includes storage at the consumer-side which could meet demand when the upstream part of the grid is offline. Interestingly in 2010, grid-scale storage projects accounted for just under a third of all storage deals.
Energy Storage Technologies
The most commercial energy storage technologies are pumped hydro and compressed air energy storage (CAES), even though only two CAES facilities are in operation. Other energy storage technologies include flywheels and batteries which are also more viable for smaller scale storage projects and are less restrictive in terms of the suitable locations for projects. This includes batteries in electric vehicles, which can potentially be used to store excess off peak electricity and discharge the electricity at peak times. As the costs of some of these alternative energy storage systems have fallen, they are starting to attract more interest. However, a lack of subsidies are limiting the development of the sector.
Energy Storage Systems for Electric Vehicles
Electric vehicles and charging devices are receiving more subsidies, especially in China where automotive manufacturers are producing cheaper models than their European and US counterparts. The market for electric vehicles is expected to be the largest in China based on government targets and growth of the battery industry.
Strong forecast growth in demand for batteries for the telecommunications and other sectors provides a solid core business for Chinese battery manufacturers involved in the manufacturer of batteries for electric vehicles.
It is expected that e-bikes and micro-hybrids will dominate the market in the short-term and electric vehicles and plug-in hybrids in the longer-term. Firstly, as larger numbers of scooters and small vehicles are on the road in China and India – another potential market for electric vehicles. Secondly, micro-hybrids (vehicles with an internal combustion engine and battery capacity for regenerative braking and start-stop functions) are the lowest hanging fruit for achieving fuel efficiency and CO2 emission standards for vehicles.
The Development of the Storage Sector
Batteries for electric vehicles and plug-in hybrids are too expensive and the infrastructure is not in place for large-scale charging of vehicles. The development of smart grids would make these vehicles more attractive.
Energy Storage Market Research Overview
Our energy storage market research report found that the development of the energy storage industry is largely reliant on rising oil prices in the case of electric vehicles, and gas prices in the case of grid storage and distributed capacity (both of which are likely in the mid-term).
To review the energy storage market in more detail and its impact on the grid you can purchase the full market research report.
Price: £950.00
Prod. Code: NRGES1
Edition 1: 2011
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