Energy
Storage
Management
Report (1) |
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Electrical Energy Storage has remarkable diversity. Over 200GW is
already installed, just in stationary applications. Some require
short bursts of power for milliseconds or minutes. Others call for
substantial amounts of energy, delivered over a period of hours or even
days. This study is concerned with the long-duration (hour plus) sector,
with a kW threshold - the market extends to GW power levels.
The
area covered accounts for scarcely 10% of the $70bn/year storage market,
but is entering a period of unprecedented change. Key factors
include:
- huge new markets associated with renewable energy resources and
transportation
- growth in established areas (energy management, power quality, motive
power)
- the development and commercialization of new storage technologies
Hundreds
of organizations are now developing storage technologies, materials and subsystems.
Hundreds more are assessing the opportunities and threats. Many
thousands of potential users and investors are also evaluating
storage. All need reliable information. However, information
from within the sector is
often dangerously optimistic. This creates a dilemma for strategic planners and potential
investors.
The problem is made
more difficult by:
 the
pace of development - many of the eventual winners
and losers will be determined by decisions made
over the next few years
technical
novelty - most of the new storage technologies
are at an early stage of development with limited
field experience
risk
issues - the technical risk is compounded by the
scale of some of the potential markets, where failure
would carry huge penalties
market
diversity - developers and investors need to
consider the wide range of prospective applications, each
with their own special needs.
EscoVale’s energy
storage study is the latest in a series
of independent management reports on influential
new technologies. Others in the series, on fuel
cells and microturbines are also concerned with distributed
energy and transportation markets. They provide
authoritative information to clients from 30 countries
in six continents. The depth of global interest
is illustrated by orders for some 500 reports
in this series. This also underlines EscoVale’s role
as a leading adviser to industry, government and potential
investors.
The current program focuses on
long-duration energy storage (for applications typically requiring
sufficient stored energy for an hour or more of power delivery). The reports are designed for analysts
and decision-makers from:
- technology developers, government agencies and research centers
- suppliers of materials, components and services to the storage sector
- the electricity supply and renewable energy industries
- energy, automotive and equipment companies
- investors and their consultants / advisers.
The forecasts cover the difficult near-term
period, the transition to the next market expansion phase (expected to begin in
earnest in the early 2010s), the subsequent evolution to 2025; and longer
term development to 2050. Forecasts are presented in terms of
MW/year (aggregate nominal rated power) and GWh/year (aggregate nominal
storage capacity per cycle), with estimates of the distribution by
application, territory and rating.
Contact Frank Escombe
at EscoVale if you would like to discuss any aspect of the energy
storage work program, or:
click
here to download a leaflet and order form for Report #5060 "Electrical
Energy Storage: Application Analysis and Market Forecast"
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