Market Research Report
Market Data - Utility-Scale Long Duration Energy Storage - Flow, Molten Salt, Lithium Ion, and Other Advanced Batteries, Compressed Air Energy Storage, Pumped Hydro Storage, and Power-to-Gas: Global Market Analysis and Forecasts
|Market Data - Utility-Scale Long Duration Energy Storage - Flow, Molten Salt, Lithium Ion, and Other Advanced Batteries, Compressed Air Energy Storage, Pumped Hydro Storage, and Power-to-Gas: Global Market Analysis and Forecasts|
Published: May 3, 2021
Guidehouse Insights (formerly Navigant Research)
Content info: 35 Pages; 43 Tables, Charts & Figures
Delivery time: 1-2 business days
Stationary energy storage is projected to play a major role in future decarbonized electricity grids around the world. Government policies, utility procurement targets, and regulatory bodies have begun to forecast greater levels of utility-scale energy storage (UES) deployments, with project sizes of larger power capacity also being planned around the world.
Simultaneously, there is little agreement on which attributes of energy storage will be required and valued over time, specifically the energy capacity or duration of energy storage that could be cost-effective for certain electricity grid services and applications. Nevertheless, as governments' and utilities' plans to deploy substantial amounts of new renewable energy generation mount, future electricity grids will likely require different types of energy storage than those being deployed as of this report's writing-particularly for long duration challenges and seasonal capacity challenges.
This ‘Guidehouse Insights report ’ examines the long duration energy storage market in seven major geographic regions, presenting a 10-year forecast and market sizing from 2021 through 2030. The report provides forecasts for the long duration storage market segmented by technology, application, and discharge duration. Covered technologies include flow batteries, compressed air energy storage (CAES), molten salt batteries, pumped hydro storage (PHS), power-to-gas (P2G), Li-ion batteries, and other advanced batteries. Applications included in the forecasts consist of capacity and reserves, transmission and distribution (T&D) asset optimization, solar energy shifting, and wind energy shifting. All forecasts are also segmented by duration for each region, technology, and application.