I&R - The Global Utility Scale Electricity Storage Market Report 2018
The world is generating and using more renewable electricity than ever before, but in many cases it is being generated by intermittent – weather dependent – sources like solar and wind. While these are imperative to a decarbonized future, they can’t generate power all the time, and this can cause gaps in electricity supply. One possible solution is storage. However, the problem is the technology capable of storing electricity is still at its infancy in many cases. This report looks at the three technologies that have reached utility-scale use, this includes, pumped hydro storage (PHS), compressed air energy storage (CAES) and grid-scale batteries.
While pumped-hydro systems still dominate electricity storage, battery systems for stationary applications have started growing rapidly. Wider deployment and the commercialization of new battery storage technologies has also led to rapid cost reductions. CAES applications remains limited to just a few installations mainly due to sitting difficulties, but technological advancements in this segments could see it becoming more widespread.
Why you should buy The Global Utility-Scale Energy Storage Market 2018
While pumped-hydro systems still dominate electricity storage, battery systems for stationary applications have started growing rapidly. Wider deployment and the commercialization of new battery storage technologies has also led to rapid cost reductions. CAES applications remains limited to just a few installations mainly due to sitting difficulties, but technological advancements in this segments could see it becoming more widespread.
Why you should buy The Global Utility-Scale Energy Storage Market 2018
- 334 pages of comprehensive analysis
- 79 tables, charts, and graphs quantifying the market in detail
- Global Utility-Scale Energy Storage market forecasts between 2018 and 2028
- Outlooks for regional Utility-Scale Energy Storage markets including:
- North America
- Europe
- Asia-Pacific
- Rest of the World
- A Drivers & Restraints analysis examining the Utility-Scale Energy Storage market
- 81 key companies identified and profiled operating within the Utility-Scale Energy Storage Market.
Executive Summary
Benefits of the Report
Intended Audience
Report Contributors
Methodology
Introduction to Utility-Scale Electricity Storage Technologies
Table 1: UES Technologies Reviewed (MW)
What Are Utility-Scale Electricity Storage Technologies?
Brief History
Overall Challenges For The EES Industry
Challenges For Implementing Large Scale EES
Costs And Economic Viability
Table 2: Summary Of The Main Mechanical & Electrical Energy Storage Systems, (MW, $/KWH, MWH)
Benefits of Utility-Scale Electricity Storage Technologies
Grid Benefits
Figure 1: Stylized Representation Of A Daily Load Curve
Offset Of Needed Peaking Power Generation Capacity
Offset of needed renewable generation capacity
Economic Benefits
Renewable Energy Dispatch and Timing Benefits (Ability to Meet Renewable Energy Targets, Etc.)
Figure 2: Example Of Offset Renewable Generation: Wind Generation Profile For California (Mw)
Drawbacks of Utility-Scale Electricity Storage Technologies
Physical Constraints And Land Requirements
Water Use
Environmental Concerns
Energy Loss During Storage
Economic Risk
Description of Utility-Scale Electricity Storage Technologies and System Components
Pumped Hydro Storage
Figure 3: Salina (Oklahoma) Pumped Storage Project
Figure 4: PHS System Utilizes Seawater, Okinawa, Japan
Figure 5: Excavated PHS Concept
Figure 6: Cross Section Of A Reversible Pump Turbine
Figure 7: Reversible Pump Turbine During Assembly
Figure 8: Generator For A Reversible Pump Turbine
Gravity Power Module Pumped Hydro Storage
Figure 9: Cross Section Of Gravity Power Module (GPM) System
Compressed Air Energy Storage
Figure 10: Huntorf CAES
Figure 11: Mcintosh CAES
Figure 12: Schematic Representation Of A CAES System
Figure 13: Axial Air Compressor (Left) And Radial Air Compressor (Right)
Figure 14: Air Expander
Figure 15: Standard Gas Turbine With Compressor Section
Figure 16: Mcintosh Gas Turbine (Bottom), Generator (Top), And Exhaust (Right)
Utility Applications
Table 3: Utility Applications Of PHS, CAES & BES
Emerging Utility-Scale Electricity Storage Technologies
Figure 17: Comparison of PHS, CAES, BES, And Emerging Technologies
Overview of Small-Scale and Emerging Technologies
Figure 18: Maturity Stage Of Energy Storage Systems
CAES Heat Storage and Advanced Adiabatic CAES
Flow Batteries
Figure 19: Flow Battery System
Lead-Acid Batteries
Lithium-Ion Batteries
Sodium-Sulphur Battery Systems
Vanadium Redox Battery Systems
Zinc-Bromine Battery Systems
Ultracapacitors
Flywheels
Review of Relevant Emerging Technologies And Potential For Market Readiness
Figure 20: Comparison Of PHS, CAES, And Emerging Technologies
Utility-Scale Electricity Storage Industry Structure
Industry Organization
Figure 21: Industry Structure For Procurement/Installation Of PHS And CAES Technologies
Utility-Scale Electricity Storage Developers
Engineering and Project Management Contractors
Component Manufacturers and Fabricators
Construction and Procurement Contractors
Raw Materials Producers
Global Utility Scale Electricity Storage Technologies Market Forecast
Table 4: Global Utility Scale Electricity Storage Technologies Market Forecast, 2017-2028, ($mn, AGR %)
Figure 22: Global Utility Scale Electricity Storage Technologies Market Forecast, 2017-2028, ($mn, AGR %)
Figure 23: Global Utility Scale Electricity Storage Technologies Market Share 2018 (Inner) vs. 2028 (Outer), (%)
Utility Scale Electricity Storage Pumped Hydro Storage Sub-Market Forecast
Table 5: Utility Scale Electricity Storage Pumped Hydro Storage Sub-Market Forecast, 2017-2018, ($mn, AGR %)
Figure 24: Utility Scale Electricity Storage Pumped Hydro Storage Sub-Market Forecast, 2017-2018, ($mn, AGR %)
Table 6: Global Pumped Hydro Storage Market Drivers and Restraints
PHS Appurtenances Sub-Market
PHS Power Train Sub-Market
Utility Scale Electricity Storage Grid-Scale Battery Energy Storage Sub-Market Forecast
Table 7: Utility Scale Electricity Storage Grid-Scale Battery Energy Storage Sub-Market Forecast, 2017-2018, ($mn, AGR %)
Figure 25: Utility Scale Electricity Storage Grid-Scale Battery Energy Storage Sub-Market Forecast, 2017-2018, ($mn, AGR %)
Lithium-Ion Grid Battery Energy Storage Sub-Market
Figure 26: Global Lithium-Ion Grid Battery Energy Storage Capacity Additions Forecast 2017-2028 (MW)
Lead-Acid Grid Battery Energy Storage Sub-Market
Figure 27: Lead Battery Grid Energy Storage Technologies Capacity Additions Forecast 2017-2028 (MW)
Flow Batteries Grid Battery Energy Storage Sub-Market
Figure 28: Flow Batteries Grid Battery Energy Storage Technologies Capacity Additions Forecast 2017-2028 (MW)
Sodium-Based Grid Battery Energy Storage Sub-Market
Figure 29: Global Grid Battery Energy Storage Technologies Capacity Additions Forecast 2017-2028 (MW)
Other Grid Battery Energy Storage Sub-Market
Figure 30: Global Grid Battery Energy Storage Technologies Capacity Additions Forecast 2017-2028 (MW)
Utility Scale Electricity Storage Compressed Air Energy Storage Sub-Market Forecast
Table 8: Global Utility Scale Electricity Storage Compressed Air Energy Storage Sub-Market Forecast, 2017-2028, ($mn, AGR %)
Figure 31: Global Utility Scale Electricity Storage Compressed Air Energy Storage Sub-Market Forecast, 2017-2028, ($mn, AGR %)
CAES Expansion/ Generation
CAES Storage Vessel
Drivers & Restraints Utility Scale Electricity Storage Technologies Market
Drivers
Rising Energy Prices Indirectly Incentivise Grid Scale Battery Storage
Figure 32: U.S Residential Retail Electricity Price, 1960-2014 (USc/kW)
Investments in Research, Development and Demonstration Projects
Importance of Renewable Energy Integration
Smart Grids and Distributed Power Generation Systems
How Expanding Electricity Demand Can Drive Demand of Grid Scale Battery Storage
The Developing Electric Vehicle Market as a Growth Factor
The Role of Changing National Policies Towards Energy Storage
The Potential of Deregulating the Electric Utility Markets
Grid benefits
Figure 33: Stylized Representation of a Daily Load Curve
Offset of Needed Peaking Power Generation Capacity
Offset of Needed Renewable Generation Capacity
Economic Benefits
Renewable Energy Dispatch and Timing Benefits (ability to meet Renewable Energy targets, etc.)
Restraints of the Grid Battery Energy Storage Technologies Market
The Long-Standing Constraint of High Capital Costs of Grid Scale Battery Storage
The Policy and Regulatory Challenges Ahead
How Conservatism in the Utility Industry May Hinder Growth
The Need for Large-Scale Demonstration Projects
Competition From Other Energy Storage Technologies in the Market
Environmental Concerns
Energy Loss During Storage
Economic Risk
Regional Utility Scale Electricity Storage Technologies Market Forecast
Table 9: Regional Utility Scale Electricity Storage Technologies Market Forecast 2017-2028, ($mn, AGR %)
Figure 34: Regional Utility Scale Electricity Storage Technologies Market Forecast 2017-2028, ($mn, AGR %)
Figure 35: Regional Utility Scale Electricity Storage Technologies Market Share 2018 (inner), 2028 (outer), (%)
UES Market Prerequisites
European Utility Scale Electricity Storage Technologies Market Forecast
Table 10: European Utility Scale Electricity Storage Technologies Market Forecast, 2017-2028, ($mn, AGR %)
Figure 36: European Utility Scale Electricity Storage Technologies Market Forecast, 2017-2028, ($mn, AGR %)
Figure 37: PHS Installations In European Countries, Total Installed Capacity (MW) And Percentage Of Total Generation Capacity As PHS
Major Industry Players
Table 11: Major European UES Component Manufacturers And Engineers
Major European UES Industry Facets
Table 12: Major Historic UES Projects in Europe (MW)
Table 13: Announced European PHS Projects (MW)
Figure 38: Announced European PHS Capacity, by Country (MW)
Figure 39: European PHS Electricity generation, by Country (TWh)
Table 14: European CAES Announced CAES Projects since 2015 (MW)
Drivers for the European UES Market
Figure 40: Co-Occurrence of Wind Resources and Geologic Formations Suitable to CAES
European Market Growth Potential
Asia-Pacific Utility Scale Electricity Storage Technologies Market Forecast
Table 15: Asia-Pacific Utility Scale Electricity Storage Technologies Market Forecast2017-2028, ($mn, AGR %)
Figure 41: Asia-Pacific Utility Scale Electricity Storage Technologies Market Forecast2017-2028, ($mn, AGR %)
Major Industry Players
Table 16: Major Asian UES Component Manufacturers And Engineers
Major Asia-Pacific UES Industry Facets
Table 17: Major Historic UES Projects in Asia and Australia (MW)
Table 18: Announced Asia-Pacific PHS Projects (MW)
Drivers for the Asia-Pacific Market
Figure 42: Occurrence of Salt Formations Suitable to CAES
Asia-Pacific Market Growth Potential
Table 19: North American Utility Scale Electricity Storage Technologies Market Forecast2017-2028, ($mn, AGR %)
North American Utility Scale Electricity Storage Technologies Market Forecast
Figure 43: North American Utility Scale Electricity Storage Technologies Market Forecast2017-2028, ($mn, AGR %)
Figure 44: US UES Storage Technologies In Use By Market Share (GW)
Major Industry Players
Table 20: Major North American UES Component Manufacturers And Engineers
Major North American UES Industry Facets
Table 21: Major Historic UES Projects in North America, (MW)
Figure 45: U.S Pumped Hydro Storage Capacity Location, (MW)
Figure 46: U.S Potential New Pumped Storage Plant Sites At Greenfield Hydroelectric Plant Sites. (MW)
Table 22: Federal Energy Regulatory Commission PHS Permitting Activity AS of October 2016, (MW)
Figure 47: Issued Preliminary Permits For Pumped Storage Projects Map
Figure 48: Locations of Select Proposed PHS Projects
Table 23: North American CAES Proposed CAES Projects since 2017,(MW)
Drivers for the North American Market
Figure 49: Co-Occurrence of Wind Resources and Geologic Formations Suitable to CAES
North American Market Growth Potential
Rest of the World Utility Scale Electricity Storage Technologies Market Forecast
Table 24: Rest of the World Utility Scale Electricity Storage Technologies Market Forecast, 2017-2028, ($mn, AGR %)
Figure 50: Rest of the World Utility Scale Electricity Storage Technologies Market Forecast, 2017-2028, ($mn, AGR %)
Major Industry Players
Major RoW UES Industry Facets
Table 25: Major Historic UES Projects in Latin America & Africa, (MW)
Table 26: Announced Rest of the world PHS Projects, (MW)
Drivers for the Rest of the UES World Market
Utility Scale Storage Technologies Market Regulations
United States Regulatory Support and Incentives
Federal
Table 27: Renewable Electricity Production Tax Credit: In-service deadline 2014 (¢/kWh)
Figure 51: impact of production tax credit expiration and extension on U.S. annual installed wind capacity
International Regulatory Support and Incentives: Europe
Table 28: Energy Research Under FP7
International Regulatory Support and Incentives: Asia-Pacific
Industry Trends and Developments
Pumped Hydro Developments
350-MW Abdelmoumen Pumped Storage in Morocco
Hatta Hydroelectric Project
Israel Hydro Pumped Storage
Snowy Mountains Pumped Storage Upgrade
Grid-Scale Battery Developments
AES and Siemens form Fluence Partnership
New York Investing in Energy Storage
Battery Storage Firm Secures Funding
NEC announces 50MW Energy Storage Projects
PSE&G Commissions Battery System For Microgrid Project
Eelpower Commissions Battery Storage System
India’s First Grid-Scale Battery Project
Company Profiles
Pumped Hydro Storage Products and Systems Turbines
ABB, Ltd.
Alstom Hydro S.L
Andritz Hydro GmbH
Ansaldo Energia
B. Maier Wasserkraft GmbH Anlagenbau
Bharat Heavy Electricals, Ltd
Chongqing Lisong Electromechanical Equipment Co., Ltd
Dongfang Electric Co., Ltd
Ebara Corp
Gilbert Gilkes & Gordon, Ltd.
Global Hydro Energy GmbH
Gravity Power LLC
Gugler Water Turbines GmbH
Harbin Electric Machinery Co., Ltd
Hitachi, Ltd. Power Systems Co
Hunan Lingling Hengyuan Generating Equipment Co., Ltd
HydroWorks Limited
Hyundai Ideal Electric Co
IMPSA International, Inc.
Ingeteam Energy, SA
JSC Turbo Engineering-Ruselprom
Kirloskar Brothers, Ltd
Litostroj Power d.o.o.
MarelliMotori
Mavel a.s.
Meidensha Corp
Mitsubishi Heavy Industries, Ltd.
OJSC Power Machines
OJSC Turboatom
Orengine International, Ltd
Ossberger GmbH + Co
Parsons Peebles Generation, Ltd.
Pentair Inc
Rainpower Norway AS
Reivax Automação e Controle S/A
Sicmemotori SpA
SPP Pumps
STE Energy
Sundyne Corp.
TES Vsetin A.S.
Toshiba Hydro Power
UCM Resita Turbines
VAPTECH
Voith Hydro GmbH + Co. KG
Wasserkraft Volk AG
Weir American Hydro
CAES Storage Companies
Key Vendors
Dresser-Rand Group
General Compression
Hydrostor
LightSail Energy
SustainX
Other Prominent CAES Companies
Apex CAES
Bright Energy Storage Technologies
Gaelectric
Pacific Gas and Electric Company
Significant Component Providers
AES Energy Storage LLC
ALMiG Kompressoren GmbH
Alstom Power
Ambri Inc
American Vanadium Corp
Ansaldo Energia
American Precision Industries (API)
Atlas Copco Gas & Process GMBH
Bauer Kompressoren GMBH
Brayton Energy, LLC
BTEC Turbines, LP
Elliott CO
GE Energy
MAN Diesel & Turbo SE
Maxwell Technologies, Inc
Parker Hannifin
R&D Dynamics Corp.
Siemens Energy
Solar Turbines, Inc.
SSS Gears
Struthers Wells
Grid-Scale Battery Storage Companies
Leading Venders Grid Scale Battery Storage Companies
BYD Co. Ltd
GE Energy Storage
NGK Insulators Ltd.
Samsung SDI Co. Ltd.
Sumitomo Electric Industries, Ltd
Other Leading Manufacturers & Supply Companies in the Grid Scale Battery industry
A123 Energy Solutions LLC
ABB Ltd.
Advanced MicroGrid Solutions, Inc.
Conclusions
Methodology
How We Generate Our Industry Forecasts
Disclaimer
Appendix A
Appendix B
COMPANIES MENTIONED
A123 Energy Solutions LLC
ABB, Ltd.
Advanced MicroGrid Solutions, Inc.
AES Energy Storage LLC
Apex CAES
ALMiG Kompressoren GmbH
Alstom Power
Alstom Hydro S.L
Ambri Inc
American Vanadium Corp
American Precision Industries (API)
Andritz Hydro GmbH
Ansaldo Energia
Atlas Copco Gas & Process GMBH
B. Maier Wasserkraft GmbH Anlagenbau
Bauer Kompressoren GMBH
Bharat Heavy Electricals, Ltd
BTEC Turbines, LP
Brayton Energy, LLC
Bright Energy Storage Technologies
BYD Co. Ltd
Chongqing Lisong Electromechanical Equipment Co., Ltd
Consolidated Edison
Dongfang Electric Co., Ltd
Dresser-Rand Group
Ebara Corp
Elliott CO
Eos Energy Storage
Gaelectric
GE Energy Storage
General Compression
Gilbert Gilkes & Gordon, Ltd.
Global Hydro Energy GmbH
Gravity Power LLC
Gugler Water Turbines GmbH
Harbin Electric Machinery Co., Ltd
Hitachi, Ltd. Power Systems Co 205
Hunan Lingling Hengyuan Generating Equipment Co., Ltd
HydroWorks Limited
Hydrostor
Hyundai Ideal Electric Co
IMPSA International, Inc.
Ingeteam Energy, SA
JSC Turbo Engineering-Ruselprom
Kirloskar Brothers, Ltd
LightSail Energy
Litostroj Power d.o.o.
M+W Group
MAN Diesel & Turbo SE
MarelliMotori
Mavel A.S.
Maxwell Technologies, Inc
Meidensha Corp
Mitsubishi Heavy Industries, Ltd.
NEC Corporation
NGK Insulators Ltd.
OJSC Power Machines
OJSC Turboatom
Orengine International, Ltd
Ossberger GmbH + Co
Pacific Gas and Electric Company
Parker Hannifin
Parsons Peebles Generation, Ltd.
Pentair Inc
R&D Dynamics Corp.
Rainpower Norway AS
Reivax Automação e Controle S/A
Samsung SDI Co. Ltd.
Sicmemotori SpA
Siemens Energy
SPP Pumps
Solar Turbines, Inc.
SSS Gears
STE Energy
Struthers Wells
Sumitomo Electric Industries, Ltd
Sundyne Corp.
SustainX
TES Vsetin A.S.
Toshiba Hydro Power
UCM Resita Turbines
UniEnergy Technologies
VAPTECH
ViZn Energy
VLC Energy
VPI Immingham
Voith Hydro GmbH + Co. KG
Wasserkraft Volk AG
Weir American Hydro
Organizations mentioned
European Association for Storage of Energy (EASE)
Federal Energy Regulatory Commission (FERC)
International Finance Corporation (IFC),
U.S, Department of Energy (DOE)
Benefits of the Report
Intended Audience
Report Contributors
Methodology
Introduction to Utility-Scale Electricity Storage Technologies
Table 1: UES Technologies Reviewed (MW)
What Are Utility-Scale Electricity Storage Technologies?
Brief History
Overall Challenges For The EES Industry
Challenges For Implementing Large Scale EES
Costs And Economic Viability
Table 2: Summary Of The Main Mechanical & Electrical Energy Storage Systems, (MW, $/KWH, MWH)
Benefits of Utility-Scale Electricity Storage Technologies
Grid Benefits
Figure 1: Stylized Representation Of A Daily Load Curve
Offset Of Needed Peaking Power Generation Capacity
Offset of needed renewable generation capacity
Economic Benefits
Renewable Energy Dispatch and Timing Benefits (Ability to Meet Renewable Energy Targets, Etc.)
Figure 2: Example Of Offset Renewable Generation: Wind Generation Profile For California (Mw)
Drawbacks of Utility-Scale Electricity Storage Technologies
Physical Constraints And Land Requirements
Water Use
Environmental Concerns
Energy Loss During Storage
Economic Risk
Description of Utility-Scale Electricity Storage Technologies and System Components
Pumped Hydro Storage
Figure 3: Salina (Oklahoma) Pumped Storage Project
Figure 4: PHS System Utilizes Seawater, Okinawa, Japan
Figure 5: Excavated PHS Concept
Figure 6: Cross Section Of A Reversible Pump Turbine
Figure 7: Reversible Pump Turbine During Assembly
Figure 8: Generator For A Reversible Pump Turbine
Gravity Power Module Pumped Hydro Storage
Figure 9: Cross Section Of Gravity Power Module (GPM) System
Compressed Air Energy Storage
Figure 10: Huntorf CAES
Figure 11: Mcintosh CAES
Figure 12: Schematic Representation Of A CAES System
Figure 13: Axial Air Compressor (Left) And Radial Air Compressor (Right)
Figure 14: Air Expander
Figure 15: Standard Gas Turbine With Compressor Section
Figure 16: Mcintosh Gas Turbine (Bottom), Generator (Top), And Exhaust (Right)
Utility Applications
Table 3: Utility Applications Of PHS, CAES & BES
Emerging Utility-Scale Electricity Storage Technologies
Figure 17: Comparison of PHS, CAES, BES, And Emerging Technologies
Overview of Small-Scale and Emerging Technologies
Figure 18: Maturity Stage Of Energy Storage Systems
CAES Heat Storage and Advanced Adiabatic CAES
Flow Batteries
Figure 19: Flow Battery System
Lead-Acid Batteries
Lithium-Ion Batteries
Sodium-Sulphur Battery Systems
Vanadium Redox Battery Systems
Zinc-Bromine Battery Systems
Ultracapacitors
Flywheels
Review of Relevant Emerging Technologies And Potential For Market Readiness
Figure 20: Comparison Of PHS, CAES, And Emerging Technologies
Utility-Scale Electricity Storage Industry Structure
Industry Organization
Figure 21: Industry Structure For Procurement/Installation Of PHS And CAES Technologies
Utility-Scale Electricity Storage Developers
Engineering and Project Management Contractors
Component Manufacturers and Fabricators
Construction and Procurement Contractors
Raw Materials Producers
Global Utility Scale Electricity Storage Technologies Market Forecast
Table 4: Global Utility Scale Electricity Storage Technologies Market Forecast, 2017-2028, ($mn, AGR %)
Figure 22: Global Utility Scale Electricity Storage Technologies Market Forecast, 2017-2028, ($mn, AGR %)
Figure 23: Global Utility Scale Electricity Storage Technologies Market Share 2018 (Inner) vs. 2028 (Outer), (%)
Utility Scale Electricity Storage Pumped Hydro Storage Sub-Market Forecast
Table 5: Utility Scale Electricity Storage Pumped Hydro Storage Sub-Market Forecast, 2017-2018, ($mn, AGR %)
Figure 24: Utility Scale Electricity Storage Pumped Hydro Storage Sub-Market Forecast, 2017-2018, ($mn, AGR %)
Table 6: Global Pumped Hydro Storage Market Drivers and Restraints
PHS Appurtenances Sub-Market
PHS Power Train Sub-Market
Utility Scale Electricity Storage Grid-Scale Battery Energy Storage Sub-Market Forecast
Table 7: Utility Scale Electricity Storage Grid-Scale Battery Energy Storage Sub-Market Forecast, 2017-2018, ($mn, AGR %)
Figure 25: Utility Scale Electricity Storage Grid-Scale Battery Energy Storage Sub-Market Forecast, 2017-2018, ($mn, AGR %)
Lithium-Ion Grid Battery Energy Storage Sub-Market
Figure 26: Global Lithium-Ion Grid Battery Energy Storage Capacity Additions Forecast 2017-2028 (MW)
Lead-Acid Grid Battery Energy Storage Sub-Market
Figure 27: Lead Battery Grid Energy Storage Technologies Capacity Additions Forecast 2017-2028 (MW)
Flow Batteries Grid Battery Energy Storage Sub-Market
Figure 28: Flow Batteries Grid Battery Energy Storage Technologies Capacity Additions Forecast 2017-2028 (MW)
Sodium-Based Grid Battery Energy Storage Sub-Market
Figure 29: Global Grid Battery Energy Storage Technologies Capacity Additions Forecast 2017-2028 (MW)
Other Grid Battery Energy Storage Sub-Market
Figure 30: Global Grid Battery Energy Storage Technologies Capacity Additions Forecast 2017-2028 (MW)
Utility Scale Electricity Storage Compressed Air Energy Storage Sub-Market Forecast
Table 8: Global Utility Scale Electricity Storage Compressed Air Energy Storage Sub-Market Forecast, 2017-2028, ($mn, AGR %)
Figure 31: Global Utility Scale Electricity Storage Compressed Air Energy Storage Sub-Market Forecast, 2017-2028, ($mn, AGR %)
CAES Expansion/ Generation
CAES Storage Vessel
Drivers & Restraints Utility Scale Electricity Storage Technologies Market
Drivers
Rising Energy Prices Indirectly Incentivise Grid Scale Battery Storage
Figure 32: U.S Residential Retail Electricity Price, 1960-2014 (USc/kW)
Investments in Research, Development and Demonstration Projects
Importance of Renewable Energy Integration
Smart Grids and Distributed Power Generation Systems
How Expanding Electricity Demand Can Drive Demand of Grid Scale Battery Storage
The Developing Electric Vehicle Market as a Growth Factor
The Role of Changing National Policies Towards Energy Storage
The Potential of Deregulating the Electric Utility Markets
Grid benefits
Figure 33: Stylized Representation of a Daily Load Curve
Offset of Needed Peaking Power Generation Capacity
Offset of Needed Renewable Generation Capacity
Economic Benefits
Renewable Energy Dispatch and Timing Benefits (ability to meet Renewable Energy targets, etc.)
Restraints of the Grid Battery Energy Storage Technologies Market
The Long-Standing Constraint of High Capital Costs of Grid Scale Battery Storage
The Policy and Regulatory Challenges Ahead
How Conservatism in the Utility Industry May Hinder Growth
The Need for Large-Scale Demonstration Projects
Competition From Other Energy Storage Technologies in the Market
Environmental Concerns
Energy Loss During Storage
Economic Risk
Regional Utility Scale Electricity Storage Technologies Market Forecast
Table 9: Regional Utility Scale Electricity Storage Technologies Market Forecast 2017-2028, ($mn, AGR %)
Figure 34: Regional Utility Scale Electricity Storage Technologies Market Forecast 2017-2028, ($mn, AGR %)
Figure 35: Regional Utility Scale Electricity Storage Technologies Market Share 2018 (inner), 2028 (outer), (%)
UES Market Prerequisites
European Utility Scale Electricity Storage Technologies Market Forecast
Table 10: European Utility Scale Electricity Storage Technologies Market Forecast, 2017-2028, ($mn, AGR %)
Figure 36: European Utility Scale Electricity Storage Technologies Market Forecast, 2017-2028, ($mn, AGR %)
Figure 37: PHS Installations In European Countries, Total Installed Capacity (MW) And Percentage Of Total Generation Capacity As PHS
Major Industry Players
Table 11: Major European UES Component Manufacturers And Engineers
Major European UES Industry Facets
Table 12: Major Historic UES Projects in Europe (MW)
Table 13: Announced European PHS Projects (MW)
Figure 38: Announced European PHS Capacity, by Country (MW)
Figure 39: European PHS Electricity generation, by Country (TWh)
Table 14: European CAES Announced CAES Projects since 2015 (MW)
Drivers for the European UES Market
Figure 40: Co-Occurrence of Wind Resources and Geologic Formations Suitable to CAES
European Market Growth Potential
Asia-Pacific Utility Scale Electricity Storage Technologies Market Forecast
Table 15: Asia-Pacific Utility Scale Electricity Storage Technologies Market Forecast2017-2028, ($mn, AGR %)
Figure 41: Asia-Pacific Utility Scale Electricity Storage Technologies Market Forecast2017-2028, ($mn, AGR %)
Major Industry Players
Table 16: Major Asian UES Component Manufacturers And Engineers
Major Asia-Pacific UES Industry Facets
Table 17: Major Historic UES Projects in Asia and Australia (MW)
Table 18: Announced Asia-Pacific PHS Projects (MW)
Drivers for the Asia-Pacific Market
Figure 42: Occurrence of Salt Formations Suitable to CAES
Asia-Pacific Market Growth Potential
Table 19: North American Utility Scale Electricity Storage Technologies Market Forecast2017-2028, ($mn, AGR %)
North American Utility Scale Electricity Storage Technologies Market Forecast
Figure 43: North American Utility Scale Electricity Storage Technologies Market Forecast2017-2028, ($mn, AGR %)
Figure 44: US UES Storage Technologies In Use By Market Share (GW)
Major Industry Players
Table 20: Major North American UES Component Manufacturers And Engineers
Major North American UES Industry Facets
Table 21: Major Historic UES Projects in North America, (MW)
Figure 45: U.S Pumped Hydro Storage Capacity Location, (MW)
Figure 46: U.S Potential New Pumped Storage Plant Sites At Greenfield Hydroelectric Plant Sites. (MW)
Table 22: Federal Energy Regulatory Commission PHS Permitting Activity AS of October 2016, (MW)
Figure 47: Issued Preliminary Permits For Pumped Storage Projects Map
Figure 48: Locations of Select Proposed PHS Projects
Table 23: North American CAES Proposed CAES Projects since 2017,(MW)
Drivers for the North American Market
Figure 49: Co-Occurrence of Wind Resources and Geologic Formations Suitable to CAES
North American Market Growth Potential
Rest of the World Utility Scale Electricity Storage Technologies Market Forecast
Table 24: Rest of the World Utility Scale Electricity Storage Technologies Market Forecast, 2017-2028, ($mn, AGR %)
Figure 50: Rest of the World Utility Scale Electricity Storage Technologies Market Forecast, 2017-2028, ($mn, AGR %)
Major Industry Players
Major RoW UES Industry Facets
Table 25: Major Historic UES Projects in Latin America & Africa, (MW)
Table 26: Announced Rest of the world PHS Projects, (MW)
Drivers for the Rest of the UES World Market
Utility Scale Storage Technologies Market Regulations
United States Regulatory Support and Incentives
Federal
Table 27: Renewable Electricity Production Tax Credit: In-service deadline 2014 (¢/kWh)
Figure 51: impact of production tax credit expiration and extension on U.S. annual installed wind capacity
International Regulatory Support and Incentives: Europe
Table 28: Energy Research Under FP7
International Regulatory Support and Incentives: Asia-Pacific
Industry Trends and Developments
Pumped Hydro Developments
350-MW Abdelmoumen Pumped Storage in Morocco
Hatta Hydroelectric Project
Israel Hydro Pumped Storage
Snowy Mountains Pumped Storage Upgrade
Grid-Scale Battery Developments
AES and Siemens form Fluence Partnership
New York Investing in Energy Storage
Battery Storage Firm Secures Funding
NEC announces 50MW Energy Storage Projects
PSE&G Commissions Battery System For Microgrid Project
Eelpower Commissions Battery Storage System
India’s First Grid-Scale Battery Project
Company Profiles
Pumped Hydro Storage Products and Systems Turbines
ABB, Ltd.
Alstom Hydro S.L
Andritz Hydro GmbH
Ansaldo Energia
B. Maier Wasserkraft GmbH Anlagenbau
Bharat Heavy Electricals, Ltd
Chongqing Lisong Electromechanical Equipment Co., Ltd
Dongfang Electric Co., Ltd
Ebara Corp
Gilbert Gilkes & Gordon, Ltd.
Global Hydro Energy GmbH
Gravity Power LLC
Gugler Water Turbines GmbH
Harbin Electric Machinery Co., Ltd
Hitachi, Ltd. Power Systems Co
Hunan Lingling Hengyuan Generating Equipment Co., Ltd
HydroWorks Limited
Hyundai Ideal Electric Co
IMPSA International, Inc.
Ingeteam Energy, SA
JSC Turbo Engineering-Ruselprom
Kirloskar Brothers, Ltd
Litostroj Power d.o.o.
MarelliMotori
Mavel a.s.
Meidensha Corp
Mitsubishi Heavy Industries, Ltd.
OJSC Power Machines
OJSC Turboatom
Orengine International, Ltd
Ossberger GmbH + Co
Parsons Peebles Generation, Ltd.
Pentair Inc
Rainpower Norway AS
Reivax Automação e Controle S/A
Sicmemotori SpA
SPP Pumps
STE Energy
Sundyne Corp.
TES Vsetin A.S.
Toshiba Hydro Power
UCM Resita Turbines
VAPTECH
Voith Hydro GmbH + Co. KG
Wasserkraft Volk AG
Weir American Hydro
CAES Storage Companies
Key Vendors
Dresser-Rand Group
General Compression
Hydrostor
LightSail Energy
SustainX
Other Prominent CAES Companies
Apex CAES
Bright Energy Storage Technologies
Gaelectric
Pacific Gas and Electric Company
Significant Component Providers
AES Energy Storage LLC
ALMiG Kompressoren GmbH
Alstom Power
Ambri Inc
American Vanadium Corp
Ansaldo Energia
American Precision Industries (API)
Atlas Copco Gas & Process GMBH
Bauer Kompressoren GMBH
Brayton Energy, LLC
BTEC Turbines, LP
Elliott CO
GE Energy
MAN Diesel & Turbo SE
Maxwell Technologies, Inc
Parker Hannifin
R&D Dynamics Corp.
Siemens Energy
Solar Turbines, Inc.
SSS Gears
Struthers Wells
Grid-Scale Battery Storage Companies
Leading Venders Grid Scale Battery Storage Companies
BYD Co. Ltd
GE Energy Storage
NGK Insulators Ltd.
Samsung SDI Co. Ltd.
Sumitomo Electric Industries, Ltd
Other Leading Manufacturers & Supply Companies in the Grid Scale Battery industry
A123 Energy Solutions LLC
ABB Ltd.
Advanced MicroGrid Solutions, Inc.
Conclusions
Methodology
How We Generate Our Industry Forecasts
Disclaimer
Appendix A
Appendix B
COMPANIES MENTIONED
A123 Energy Solutions LLC
ABB, Ltd.
Advanced MicroGrid Solutions, Inc.
AES Energy Storage LLC
Apex CAES
ALMiG Kompressoren GmbH
Alstom Power
Alstom Hydro S.L
Ambri Inc
American Vanadium Corp
American Precision Industries (API)
Andritz Hydro GmbH
Ansaldo Energia
Atlas Copco Gas & Process GMBH
B. Maier Wasserkraft GmbH Anlagenbau
Bauer Kompressoren GMBH
Bharat Heavy Electricals, Ltd
BTEC Turbines, LP
Brayton Energy, LLC
Bright Energy Storage Technologies
BYD Co. Ltd
Chongqing Lisong Electromechanical Equipment Co., Ltd
Consolidated Edison
Dongfang Electric Co., Ltd
Dresser-Rand Group
Ebara Corp
Elliott CO
Eos Energy Storage
Gaelectric
GE Energy Storage
General Compression
Gilbert Gilkes & Gordon, Ltd.
Global Hydro Energy GmbH
Gravity Power LLC
Gugler Water Turbines GmbH
Harbin Electric Machinery Co., Ltd
Hitachi, Ltd. Power Systems Co 205
Hunan Lingling Hengyuan Generating Equipment Co., Ltd
HydroWorks Limited
Hydrostor
Hyundai Ideal Electric Co
IMPSA International, Inc.
Ingeteam Energy, SA
JSC Turbo Engineering-Ruselprom
Kirloskar Brothers, Ltd
LightSail Energy
Litostroj Power d.o.o.
M+W Group
MAN Diesel & Turbo SE
MarelliMotori
Mavel A.S.
Maxwell Technologies, Inc
Meidensha Corp
Mitsubishi Heavy Industries, Ltd.
NEC Corporation
NGK Insulators Ltd.
OJSC Power Machines
OJSC Turboatom
Orengine International, Ltd
Ossberger GmbH + Co
Pacific Gas and Electric Company
Parker Hannifin
Parsons Peebles Generation, Ltd.
Pentair Inc
R&D Dynamics Corp.
Rainpower Norway AS
Reivax Automação e Controle S/A
Samsung SDI Co. Ltd.
Sicmemotori SpA
Siemens Energy
SPP Pumps
Solar Turbines, Inc.
SSS Gears
STE Energy
Struthers Wells
Sumitomo Electric Industries, Ltd
Sundyne Corp.
SustainX
TES Vsetin A.S.
Toshiba Hydro Power
UCM Resita Turbines
UniEnergy Technologies
VAPTECH
ViZn Energy
VLC Energy
VPI Immingham
Voith Hydro GmbH + Co. KG
Wasserkraft Volk AG
Weir American Hydro
Organizations mentioned
European Association for Storage of Energy (EASE)
Federal Energy Regulatory Commission (FERC)
International Finance Corporation (IFC),
U.S, Department of Energy (DOE)
