Energy Storage Technologies in Utility Markets Worldwide

Energy Storage Technologies in Utility Markets Worldwide published by Specialist in Business Information in August, 2010. This report consists of 184 Pages and the price starts from US $ 4800.

Introduction

Abstract

Energy storage systems provide the ability to balance power demand and supply, reduce electric surges and sags, maintain power frequency, and ensure power remains available for critical loads when power outages occur. They can also provide enough power to maintain operations until systems can be shut down in an orderly fashion or provide enough power until other on-site generation sources come on-line. Energy storage solutions additionally afford several strategic benefits such as improved flexibility for grid operators, increased national energy security, and reduced environmental impact. The financial benefits of energy storage within the generation, transmission, and distribution system are numerous. With the incorporation of energy storage into the grid, the utility sector and customers can expect reduced financial losses due to outages and poor power quality. Energy storage solutions can improve the efficiency of, and thus reduce the costs associated with, load following, frequency regulation and provision of reserves. They can also improve the return on renewable energy generation investments, enable profitable power market arbitrage, enable the deferral of electric infrastructure investments, and reduce end-user electricity costs.

Current and future demand for high quality, reliable electricity exceeds the supply capabilities of current infrastructure. Energy storage solutions can help to maximize the capacity of current infrastructure while improving power quality and reliability. Demand for energy storage solutions is expected to further benefit from the growing trends in the adoption of renewable energy generation and microgrid solutions. The significant public and private investments currently being made are also expected to bolster the growth of energy storage solutions in the utility sector. However, a number of challenges remain, including the need to further improve the cost/performance of current technologies, the relative lack of technical and commercial maturity of many energy storage solutions, and regulatory and monetization issues.

With electric grids around the world struggling to meet the rising demand for more and higher quality power in a cost effective and environmentally conscious manner, utilities and other service providers responsible for reliable electricity service are continuing to identify and evaluate a range of technically and economically viable solutions. Energy storage technologies including CAES, pumped hydro, batteries and capacitors which offer solutions to many of the common problems and emerging needs of the industry have been successfully tested and deployed. Energy storage technologies can offer benefits such as prompt start-up, modularity, easy siting, limited environmental impact, and flexibility to be used for multiple applications.

Ongoing growth in renewable generation, the emergence of microgrids, substantial public and private investments, and continued R&D that improves the cost/performance of energy storage technologies are expected to drive even stronger growth over the next several years. The global market for energy storage solutions in the utility sector is expected to grow by 15.8% per year to over $10 billion in 2015. Meanwhile, the value of energy storage solutions in the United States is forecast to increase 26.6% per year to nearly $2 billion in 2015.

Report Methodology

The information in Energy Storage Technologies in Utility Markets Worldwide is based on primary and secondary research. Primary research entailed interviews with firms involved in the manufacture, distribution and sales of ICT products, analysts and consultants to the energy industry to obtain insight into the products, technologies and market factors shaping the industry. Secondary research entailed data gathering from relevant sources, including government and industry publications, company literature and corporate annual reports.

What You' ll Get in This Report

Energy Storage Technologies in Utility Markets Worldwide contains important insights and projections regarding the future of this market around the world. The report provides both the comprehensive analysis and data. Subscribers will benefit from extensive data, presented in easy-to-read and practical charts, tables and graphs.

Energy Storage Technologies in Utility Markets Worldwide includes a broad review of the market for energy storage technologies applied in the global utility sector. The report examines opportunities for energy storage systems to beneficially impact the generation, distribution, and transmission of electricity. Front-running energy storage technologies for such applications are discussed. Specific applications in the utility sector and their benefits to value chain participants, including end-users, are highlighted. The report also quantifies the historic, current, and projected market size for various energy storage technologies in the utility sector. Profiles of key suppliers of energy storage technologies are also included.

How You' ll Benefit from This Report

If your company is already doing business related to energy storage solutions, or is engaged in activities pertaining to the electric grid and its operations, you will find this report invaluable. Further, companies engaged in the market for renewable source generation, smart grid, and microgrid or community power solutions will also benefit from this report. It provides a comprehensive package of information and insight not offered in any other single source. You will gain a thorough understanding of the current global market for energy storage solutions and their applications and benefits to utility sector value-chain participants, as well as the projected market size and trends for incumbent and emerging energy storage technologies through 2015.

This report will help:

• Marketing managers understand the market forces shaping the market for energy storage technologies which are commercially viable for utility sector applications and identify market opportunities.
• Research and development professionals stay on top of competitor initiatives and explore demand for energy storage technologies.
• Business development executives understand the dynamics of the market and identify possible partnerships.
• Information and research center librarians provide market researchers, product managers, and other colleagues with the vital information they need to do their jobs more effectively.

Table of Contents

Chapter 1 Executive Summary

• Introduction
• The Grid and Energy Storage
• Applications of Energy Storage Solutions
  • Table 1-1 Functional Categorization of Utility Energy Storage Applications
• Energy Storage Technologies
  • Pumped Hydro Storage
  • Compressed Air Energy Storage
  • Electrochemical Capacitors
  • Flywheels
  • Batteries
  • Lead-Acid Batteries
  • Lithium-Ion Batteries
  • Molten Salt Batteries
  • Flow Batteries
  • Other Technologies and Solutions
• Drivers of Demand for Energy Storage Systems
• Limiting Factors
• Current and Projected Market Size
  • Figure 1-1 Global and US Value of Energy Storage Market for Utility Applications, 2006-2015 ($ billion)
  • Figure 1-2 Value of Global Energy Storage Market for Utility Applications Technology, 2010 (in $ million)
  • Figure 1-3 Pumped Hydro Storage Capacity by Region, 2010 and 2015 (Gigawatts)
  • Figure 1-4 Global Compressed Air Energy Storage Market for Utility Applications, 2010-2015 ($ million)
  • Figure 1-5 Global Batteries and Capacitors Market for Utility Applications, 2010-2015 ($ million)
  • Figure 1-6 Global Energy Storage Market for Flywheels and Other Systems Utility Applications, 2010-2015 ($ million)
• Energy Storage Developers/Suppliers
  • Table 1-2 Energy Storage Technology Developers/Suppliers by Technology19
  • Table 1-3 Energy Storage Technology Developers/Suppliers by Technology (cont.)
  • Table 1-4 Energy Storage Technology Developers/Suppliers by Technology (cont.)
• Report Scope
• Report Format
• Report Methodology
• Abbreviations and Definitions
  • Table 1-5: Abbreviations Utilized in Report
  • Table 1-5: Abbreviations Utilized in Report (cont.)

Chapter 2 Utility Sector Energy Storage Applications

• Introduction
  • The Electric Grid
    • Figure 2-1 The Electric Grid
    • Source: US Department of Energy
  • Power Generation
    • Figure 2-2 Load Curves for a Typical Electrical Power Grid
  • Power Transmission
  • Power Distribution
  • Grid Operations
  • Microgrids
• The Grid and Energy Storage
  • Applications of Energy Storage Solutions
    • Table 2-1 Functional Categorization of Utility Energy Storage Applications
  • Generation and Supply Applications
    • Table 2-2 Energy Storage Requirements for Black Start Applications
    • Table 2-3 Energy Storage Requirements for Spinning Reserve Applications
    • Table 2-4 Energy Storage Requirements for Load Following Applications
    • Table 2-5 Energy Storage Requirements for Regulation Control Applications
    • Table 2-6 Energy Storage Requirements for Load Shifting Applications
    • Table 2-7 Energy Storage Requirements for Renewables Integration Applications
  • Transmission and Distribution Applications
    • Figure 2-3 Classification of Grid Stability Applications
    • Table 2-8 Energy Storage Requirements for Angular Stability Applications
    • Table 2-9 Energy Storage Requirements for Voltage Stability Applications
    • Table 2-10 Energy Storage Requirements for Frequency Excursion Suppression Applications
    • Table 2-11 Energy Storage Requirements for Distribution Power Quality Applications
• Energy Storage System Requirements by Application
  • Table 2-12 Energy Storage Requirements by Application
• Energy Storage Technologies by Application
  • Table 2-13 Energy Storage Technologies by Application

Chapter 3 Energy Storage Technologies

• Introduction
• Pumped Hydro Storage
  • Figure 3-1 Pumped Hydro Storage Facility
  • Table 3-1 Technology Developers/Suppliers, Pumped Hydro Storage
• Compressed Air Energy Storage
  • Figure 3-2 Compressed Air Energy Storage System
  • Table 3-2 Technology Developers/Suppliers, Compressed Air Energy Storage
• Electrochemical Capacitors
  • Figure 3-3 Electrochemical Capacitor
  • Table 3-3 Technology Developers/Suppliers, Electrochemical Capacitors
• Flywheels
  • Table 3-4 Technology Developers/Suppliers, Flywheels
• Batteries
  • Figure 3-4 Basic Rechargeable Battery Design
• Lead-Acid Batteries
  • Figure 3-5 Representative Flooded Lead-Acid Battery
  • Table 3-5 Technology Developers/Suppliers, Lead-Acid Batteries
• Lithium-Ion Batteries
  • Figure 3-6 Representative Lithium-Ion Battery
  • Table 3-6 Technology Developers/Suppliers, Lithium-Ion Batteries
• Molten Salt Batteries
  • Figure 3-7 Representative Sodium-Sulfur Battery
  • Table 3-7 Technology Developers/Suppliers, Molten Salt Batteries
• Vanadium Redox Flow Batteries
  • Figure 3-8 Schematic of Vanadium Redox Flow Battery
  • Table 3-8 Technology Developers/Suppliers, Vanadium Redox Flow Batteries
• Zinc-Bromine Batteries
  • Table 3-9 Technology Developers/Suppliers, Zinc Bromine Batteries
• Other Emerging Technologies and Solutions
  • Superconducting Magnetic Energy Storage
  • Thermal Storage
  • Vehicle to Grid
• Conclusion
  • Figure 3-9 Illustrative Positioning of Energy Storage Technologies

Chapter 4 Demand Factors and Market Size

• Introduction
• Demand Drivers
  • Growing Electricity Demand
    • Figure 4-16 Electricity Production Estimates, 2005 - 2030 (trillion kWh)
  • Electric Power Supply Constraints
    • Figure 4-1 Major Disturbances in Electricity Delivery, 2005-2009 (# disturbances)
  • Rising Grid Investment Needs
  • Rising Electricity Rates
    • Figure 4-2 US Retail Electricity Prices by Sector, 2004-2012 (¢/kWh)
    • Figure 4-3 Retail Electricity Prices in Germany by Sector, 2004-2009 (€ /kWh)
  • Growing Renewable Generation
    • Figure 4-4 World Net Electricity Generation from Renewables, 2006-2015 (trillion kWh)
  • Emergence of Microgrids
  • Public and Private Funding
• Limiting Factors
  • Cost Competitiveness
    • Table 4-1 Energy Storage Cost Comparison
  • Supply Constraints
  • Regulatory and Monetization Issues
  • Commercial Maturity
• Current and Projected Market Size
  • Figure 4-5 Global and US Value of Energy Storage Market for Utility Applications, 2006-2010 ($ billion)
  • Figure 4-6 Global and US Value of Energy Storage Market for Utility Applications, 2010-2015 ($ billion)
  • Figure 4-7 Global Energy Storage Market for Utility Applications by Technology, 2006-2015 ($ million)
  • Pumped Hydro
    • Figure 4-8 Pumped Hydro Storage Capacity by Region, 2010 and 2015 (Gigawatts)
    • Table 4-2 Recent and Planned PHS Projects
  • CAES
    • Table 4-3 CAES Facilities Planned for Completion 2010-2015
    • Figure 4-9 Global Compressed Air Energy Storage Market for Utility Applications, 2010-2015 ($ million)
  • Batteries and Capacitors
    • Figure 4-10 Global Batteries and Capacitors Market for Utility Applications, 2010-2015 ($ million)
    • Figure 4-11 Global Energy Storage Market for Batteries and Capacitors by Technology, 2006-2015 ($ million)
    • Flywheels and Other Systems
    • Figure 4-12 Global Energy Storage Market for Flywheels and Other Systems in Utility Applications, 2010-2015 ($ million)
• Electricity Storage Benefits
  • Utility Generation/Supply Benefits
  • Utility Transmission and Distribution Benefits
  • Utility Customer Benefits

Chapter 5 Participant Profiles

• Overview
  • Table 5-1 Description of Companies Profiled
• Altair Nanotechnologies, Incorporated
  • Table 5-2 Altair Nanotechnologies, Incorporated Profile
  • Corporate Background
  • Product Portfolio
    • Table 5-3 Altair Nanotechnologies, Inc. Product and Brand Portfolio, Lithium Ion Batteries
  • Performance
    • Figure 5-1 Altair Nanotechnologies, Incorporated Revenues, 2005-2009 ($ million)
  • Innovation
  • Personnel Changes
• Alstom Power
  • Table 5-4 Alstom Power Profile
  • Corporate Background
  • Product Portfolio
    • Table 5-5 Alstom Power Product Portfolio, Pumped Hydro
  • Performance
    • Figure 5-2 Alstom Power Sector Revenues, 2005-2010 (€ million)
  • Acquisitions and Divestitures
  • Innovation
  • Personnel Changes
• Axion Power International, Incorporated
  • Table 5-6 Axion Power International, Incorporated Profile
  • Corporate Background
  • Product Portfolio
  • Performance
    • Figure 5-3 Axion Power International, Incorporated Revenues, 2005-2009($ million)
  • Innovation
  • Personnel Changes
• Beacon Power Corporation
  • Table 5-7 Beacon Power Corporation Profile
  • Corporate Background
  • Product Portfolio
  • Performance
    • Figure 5-4 Beacon Power Corporation Revenues, 2005-2009 ($ thousand) Innovation
  • Personnel Changes
• Dresser-Rand
  • Table 5-8 Dresser-Rand Profile
  • Corporate Background
  • Product Portfolio
    • Table 5-9 Dresser-Rand Product and Brand Portfolio, CAES Equipment
  • Performance
    • Figure 5-5 Dresser-Rand Revenues, 2005-2009 ($ billion)
  • Acquisitions and Divestitures
  • Innovation
  • Personnel Changes
• GE Energy
  • Table 5-10 GE Energy Profile
  • Corporate Background
  • Product Portfolio
    • Table 5-11 GE Energy Product and Brand Portfolio, CAES Equipment
  • Performance
    • Table 5-12 GE Energy Operating Segment Associated Business Units
    • Figure 5-6 GE Energy Revenues, 2005-2009 ($ billion)
  • Acquisitions and Divestitures
  • Innovation
  • Personnel Changes
• GEMx Technologies, LLC
  • Table 5-13 GEMx Technologies, LLC Profile
  • Corporate Background
  • Product Portfolio
    • Table 5-14 GEMx Technologies, LLC Product and Brand Portfolio, Sodium Metal Halide Batteries
  • Performance
  • Acquisitions and Divestitures
  • Innovation
• Maxwell Technologies, Incorporated
  • Table 5-15 Maxwell Technologies, Incorporated Profile
  • Corporate Background
  • Product Portfolio
    • Table 5-16 Maxwell Technologies, Inc. Product and Brand Portfolio, Electrochemical Capacitors
  • Performance
    • Figure 5-7 Maxwell Technologies, Incorporated Revenues, 2005-2009 ($ million)
  • Acquisitions and Divestitures
  • Innovation
  • Personnel Changes
• Prudent Energy, Incorporated
  • Table 5-17 Prudent Energy, Incorporated Profile
  • Corporate Background
  • Product Portfolio
  • Performance
  • Acquisitions and Divestitures
  • Innovation
  • Personnel Changes
• ZBB Energy Corporation
  • Table 5-18 ZBB Energy Corporation Profile
  • Corporate Background
  • Product Portfolio
  • Performance
  • Innovation
  • Personnel Changes

Appendix Selected Corporate Addresses

Press Release

Utility-Scale Energy Storage Challenges FERC

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