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Advanced Energy Storage - Global Strategic Business Report

  • ID: 2531225
  • February 2015
  • Region: Global
  • 267 Pages
  • Global Industry Analysts, Inc

This report analyzes the worldwide markets for Advanced Energy Storage in Megawatts. The report provides separate comprehensive analytics for the US, Western Europe, Asia-Pacific, and Rest of World.

Annual estimates and forecasts are provided for the period 2014 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research.

Company profiles are primarily based on public domain information including company URLs. The report profiles 85 companies including many key and niche players such as:

- Active Power, Inc.
- Air Liquide
- Alstom
- Altair Nanotechnologies, Inc.
- Amber Kinetics, Inc.

Note: Product cover images may vary from those shown

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations
Disclaimers
Data Interpretation & Reporting Level
Quantitative Techniques & Analytics
Product Definitions and Scope of Study

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
A Prelude
The Inevitable Shift to Renewable Sources of Energy
Advanced Energy Storage: A Game Changer for Renewable Energy?
Overview of Currently Available Energy Storage Technologies
Energy Storage Technologies: Key Features Comparison for PHS, CAES, Flywheel, NaS Battery, Li-ion Battery, Flow Battery, Supercapacitor, SMES, Molten Salt, Hydrogen, and SNG Technology
Various Energy Storage Technologies: Key Advantages & Disadvantages
Table 1: World Operational Energy Storage (in GW) by Technology: 2010, 2012, & 2014E (includes corresponding Graph/Chart)
Government Intervention Critical to Widespread Adoption
Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
Economic Scenario in the U.S & Europe and Its Impact in the Recent Past
Fiscal Cliff & Sequestration Cuts in the US Slows Down the Market in 2012 & 2013
Impact of the European Debt Crisis on the Energy Storage Market in 2012 & 2013
Table 2: European Energy Market by Category (2013): Percentage Share Breakdown of Energy Production for Crude Oil, Natural Gas, Nuclear Energy, Renewable Energy, Solid Fuels, and Others (includes corresponding Graph/Chart)
Table 3: European Renewable Energy Market by Type (2012): Percentage Share Breakdown of Energy Production for Biomass & Waste, Geothermal Energy, Hydropower, Solar Energy, and Wind Energy (includes corresponding Graph/Chart)
Improvement in Global GDP Encourages an Optimistic Outlook for 2014 & Beyond
Table 4: World GDP (2012-2015): Percentage GDP Growth for Select Countries (includes corresponding Graph/Chart)
Global Outlook

2. MARKET TRENDS, ISSUES & DRIVERS
Increasing Focus on Renewable Energy: A Strong Growth Driver
Leading Wind Power Countries Worldwide (2013): Ranking Based on Key Wind Power Facts
Opportunity Indicators
Table 5: Global Investments (US$ Billion) in Renewable Energy by Source: 2013 (includes corresponding Graph/Chart)
Table 6: Global PV Installations by Applications (2014E & 2016F): Percentage Share Breakdown of Capacity Installations for Commercial, Off-Grid, Residential, and Utility-Scale (includes corresponding Graph/Chart)
Table 7: International Targets for Solar Photovoltaics for Select Countries
Table 8: World Installed Base of Wind Energy (in Megawatts) by Geographic Region: 2013, 2015E & 2017F (includes corresponding Graph/Chart)
Table 9: Leading Countries in Wind Power Electricity Production Worldwide (2012): Breakdown of Electricity Production in TWh (Terawatt-hours) for Top Ten Countries (includes corresponding Graph/Chart)
Energy Storage Technology Advancements: Spearheading Growth
Rice University Announces Molybdenum Disulfide Breakthrough
Researchers at MIT Upgrade Proposed Liquid Battery System
Alevo Develops Innovative, High-Efficiency Energy Storage System
Nanotechnology: The Future of Energy Storage?
Nanotubular Bulk Material with Ultra-Low Density for Energy Storage Applications
Compressed Air Energy Storage Systems that Eliminate/Reduce Use of Fossil Fuels
Affordable Batteries with High Durability and Advanced Chemical Compositions
Hydrogen Electrolysis: A Potential Laden Energy Storage Solution
Surge in Energy Storage Projects Benefits Demand
Table 10: Number of Energy Storage Projects by Country: 2014 (includes corresponding Graph/Chart)
Table 11: Worldwide Pumped Hydro Energy Storage Projects by Region and Countries (2012) (includes corresponding Graph/Chart)
Lithium-ion: The Dominant Energy Storage Battery Technology
Table 12: Global Market for Li-ion Battery by End-Use (2014E & 2019F): Percentage Share Breakdown of Volume Usage for Automotive, Consumer, Grid/Renewable Energy Storage, and Industrial Sectors (includes corresponding Graph/Chart)
Table 13: Leading Energy Storage Technologies by Type (2013): Percentage Share Breakdown of Volume Usage for Battery, Compressed Air, Flywheel, Pumped Hydro, Thermal Storage, and Others (includes corresponding Graph/Chart)
Characteristics of Select Battery Technology Types
Manufacturers Gear Up to Expand Production of Batteries
Falling Prices of PV and Li-ion Batteries Bodes Well for the Market
Plunging Battery Costs Improve Business Case for Energy Storage
Efficient Storage Technologies: Need of the Hour for the Flourishing Solar Energy Sector
Table 14: Global Solar PV Installations by Region (2013): Percentage Share Breakdown of Volume Installations for Americas, Asia (Excluding China), China, Europe, and Rest of World (includes corresponding Graph/Chart)
Increasing Efforts to Achieve Grid Parity Drives Growth in PV Storage
Increasing Establishment of Solar Microgrids to Spur Growth
Aquion Energy Develops New Battery for Microgrids
Growing Deployment of Smart Grids to Drive Demand
Opportunity Indicators
Table 15: World Market for Smart Grid Technologies (2012): Breakdown of Revenues in US$ Million by Geographic Region (includes corresponding Graph/Chart)
Ultracapacitor Grid Storage Rises in Popularity & Storage Potential
Table 16: World Market for Ultracapacitors (2015F): Breakdown of Revenues in US$ Million by Geographic Region (includes corresponding Graph/Chart)
Large Fuel Cells for On-Grid Applications Fuel Growth in the Market
Table 17: World Market for Fuel Cells by Type (2013): Percentage Breakdown of Dollar Sales for Alkaline, Molten Carbonate, Proton Exchange Membrane, Phosphoric Acid, Solid Oxide, and Other Fuel Cells (includes corresponding Graph/Chart)
Increasing Demand for Electric/Hybrid Cars Boosts Grid Integration of Renewable Energy
Table 18: World Market for Electric Vehicles (2013): Percentage Breakdown of Unit Sales by Product Type (includes corresponding Graph/Chart)
Asia-Pacific Leads the Global Advanced Energy Storage Market
Table 19: World Electricity Accessibility by Country (2013): Percentage of Population with Access to Electricity for Argentina, Bangladesh, Bahrain, Bolivia, Brazil, Brunei , China, Cambodia, Egypt, Ecuador, Iran , Iraq, India, Indonesia, Jordon, Kenya, Libya, Myanmar, Sri Lanka, Malaysia, Nigeria, Oman, Pakistan, Philippines, Qatar, Saudi Arabia, South Africa, Venezuela, and Vietnam (includes corresponding Graph/Chart)
Asia-Pacific: Largest Producer of Lithium-ion Batteries
Favorable Demographic and Economic Factors Strengthens Market Prospects
Robust Electric Power Consumption Drives the Need for Alternative Energy Sources and Storage
Table 20: Global Energy Consumption by Sector (2013) (includes corresponding Graph/Chart)
Table 21: Global Electricity Consumption by Country (2013): Percentage Breakdown for China, United States, Japan, Russia, India, Germany, Canada, Brazil, South Korea, France, and Others (includes corresponding Graph/Chart)
Table 22: World’s Most Populous Cities: Percentage Breakdown by Total Urban Population for Tokyo, Delhi, Mexico City, New York, Shanghai and Others (includes corresponding Graph/Chart)
Burgeoning Global Population Propels Demand for Electric Power and Energy Storage
Table 23: Global Population Estimates (2000-2050) (includes corresponding Graph/Chart)
Table 24: Estimated Global Demand for Primary Energy and Electricity for the Years 2015-2035 (includes corresponding Graph/Chart)

3. PRODUCT OVERVIEW
Advanced Energy Storage: Definition
Types of Renewable Energy Storage Technologies
Short-Term Renewable Energy Storage Technologies
Supercapacitor Energy Storage
Flywheel Energy Storage
Superconducting Magnetic Energy Storage
Long-Term Renewable Energy Storage Technologies
Pumped Hydroelectric Energy Storage
Compressed Air Energy Storage
Battery Energy Storage
Hydrogen Energy Storage
SWOT Analysis of Different Long-Term Renewable Energy Storage Technologies
Significance of Renewable Energy Storage
Minimizing Energy Costs
Ensuring Reliable Supply of Energy
Increasing Energy Autonomy
Renewable Energy: A Primer
An Introduction
Renewable Energy: A Definition
Benefits of Renewable Energy
Environmental Benefits
Economic Benefits
Energy Security
Sources of Renewable Energy
Solar Energy
Power Tower Systems
Parabolic-Trough Systems
Dish/Engine Systems
Wind Energy
Geothermal Energy
Binary Cycle Power Plants
Flash Steam Power Plants
Dry Steam Power Plants
Hydroelectric Power
Bioenergy
Hydrogen and Fuel Cells
Ocean Energy
Ocean Mechanical Energy
Ocean Thermal Energy
Disadvantages of Renewable Energy
Disadvantages of Solar Energy
Disadvantages of Wind Energy
Disadvantages of Geothermal Energy
Disadvantages of Hydroelectric Energy
Disadvantages of Ocean Energy

4. PRODUCT LAUNCHES/INTRODUCTIONS
Parker Hannifin Unveils Outdoor PCS for Energy Storage Applications
Imergy Power Systems Launches ESP30 Series
Aquion Energy Introduces Second Generation AHI technology
Kyocera Solar and Stem Unveils Energy Storage Solution
LG Unveils New Range of Energy Solutions
AllCell Technologies Introduces Lithium-ion Modules

5. RECENT INDUSTRY ACTIVITY
SunEdison Inks an Agreement with Aboitiz Renewables
BrightSource and Shanghai Electric Forms JV
ReneSola Inks a Framework Agreement with China Seven Star
First Solar and BELECTRIC to Establish 46 MW Utility-Scale Solar PV Power plant
REC to Supply Solar Photovoltaic Panels to Recurrent Energy
EIB Offers Grants for 30 MW Solar Power Project in Burkina Faso
EHT Installs 108 KW Solar Power Project
RES to Build GoldLight Solar LP
Kyocera, Century Tokyo and Ciel et Terre Plan to Begin Construction Floating Solar photovoltaic Plant
Hitachi and Etrion to Construct Solar PV Plants
S&C Electric Builds First Utility-Scale Solar Project in Wisconsin
ReneSola to Supply High Efficient Virtus II PV Modules to GeoPeak Energy
Solarrus Takes Over MaxGen
HelioSage to Sell Elm City Solar Facility to Duke Energy
Government of Rwanda to Establish First Utility-Scale Solar Photovoltaic Power Plant in East Africa
SolarReserve Completes Construction of Lesedi and Letsatsi Projects
KIT Establishes Utility-Scale Battery and Photovoltaic Test Centre
Mainstream Announces Eight Wind and Solar projects
RES Americas Announces Two Grid-Scale Energy Storage Projects
PG&E to Build Five Energy Storage Systems
Temporal Power and NRStor Join Forces to Test Flywheel in Grid Power
LG Chem Inks with Siemens
Enstorage Inks an Agreement with Schneider and Areva
Imergy Secures Purchase Order for four ESP5 Vanadium Flow Batteries
ReneSola Sells Three Utility-Scale Projects to Jiangsu Akcome
GDF SUEZ Purchases Znyth™ Battery System from EOS Energy Storage
SunEdison Takes Over First Wind
Kauai Utility Receives Approval for Hydropower Storage Project
Electrovaya Receives Grant for Intelligent Energy Storage Systems
Oncor to Invest in Energy Storage Systems
Alstom Obtains Contract for Hainan Qiongzhong Pumped-Storage Plant
Ideal Power Obtains Purchase Orders for Additional 3MW
Canadian Solar to Provide 4 MW to Support the Ontario Grid
Electrovaya Collaborates with Walmart Canada for Lithium Ion 2.0 Battery Systems
Alevo Unveils Manufacturing Plant in North Carolina
Southern California Edison Inks Energy Storage Agreements
Imergy Inks Manufacturing Agreement with Foxsemicon
SunEdison Expands to Australia, China and the UK
Germany Unveils the Largest Battery Plant in Europe
Samsung SDI Forms JV with Sungrow
NEC Energy Solutions Receives Contract to Build Energy Storage System in California
Lockheed Martin Takes Over Assets of Sun Catalytix Corporation
RES Canada Completes Construction of Energy Storage System in Amphora
NEC Acquires A123 Energy Solutions
Philadelphia Navy Yard Commences Advanced Battery Storage in its GridSTAR Smart Grid Experience Center
Greensmith Installs up to 9 MWh Energy Storage Capacity
The State of California Mandates Grid Capacity Energy Storage Systems
Wanxiang America Corporation Acquires A123 Systems
Duke Energy Commences Construction of Three Solar Projects
HelioSage to Develop 20 Megawatt Solar Facility in South Eastern Connecticut
Westinghouse Solar Signs Definitive Merger Agreement with CBD Energy
W2 Energy Inks LoI to Take Over Majority Stake in Artic Solar Engineering
Altair Nanotechnologies Signs Economic Cooperation Agreement with Wu'an and Handan Cities
Phostech Lithium Establishes Battery Materials Production Facility in Quebec
TAM Ceramics and ENrG Receive Grants from NYSERDA for Clean Energy Power Systems
Arista Power Obtains Contract from US Army for Development of Intelligent Micro-Grid

6. PLAYERS IN THE ADVANCED ENERGY STORAGE ECOSYSTEM
Active Power, Inc. (USA)
Air Liquide (France)
Alstom (France)
Altair Nanotechnologies, Inc. (Canada)
Amber Kinetics, Inc. (USA)
American Superconductor Corporation (USA)
Areva (France)
Ashlawn Energy, LLC (US)
Axion Power International, Inc. (USA)
Ballard Power Systems, Inc. (Canada)
Beacon Power, LLC (USA)
BYD Co. Ltd. (China)
DMG MORI SEIKI Aktiengesellschaft (Germany)
Duke Energy Corporation (US)
ECOULT (Australia)
Electrochaea GmbH (Germany)
Emera Inc. (Canada)
Encell Technology, Inc. (USA)
E.ON SE (Germany)
Exide Technologies (US)
First Hydro Company (UK)
General Compression, Inc. (USA)
Gridflex Energy, LLC (US)
Hydrogenics Corporation (Canada)
ITM Power Plc (UK)
Kokam co., Ltd (Korea)
LG Chem (Korea)
LightSail Energy (USA)
Maxwell Technologies, Inc. (USA)
McPhy Energy S.A. (France)
NEC Energy Solutions (Japan)
NGK Insulators, Ltd. (Japan)
Proton OnSite (USA)
Prudent Energy Corporation (USA)
Redflow Limited (Australia)
Saft Groupe S.A. (France)
Samsung SDI Co., Ltd. (South Korea)
SustainX Inc. (USA)
Temporal Power (Canada)
Tianjin Lishen Battery Co., Ltd. (China)
Toshiba International Corporation (USA)
VYCON (USA)
ZBB Energy Corporation (USA)

7. GLOBAL MARKET PERSPECTIVE
Table 25: World Recent Past, Current and Future Analysis for Advanced Energy Storage by Geographic Region
US, Western Europe, Asia-Pacific, and Rest of World Markets Independently Analyzed with Installed Capacity in MW for Years 2014 through 2020 (includes corresponding Graph/Chart)
Table 26: World 7-Year Perspective for Advanced Energy Storage by Geographic Region
Percentage Breakdown of Installed Capacity for US, Western Europe, Asia-Pacific, and Rest of World Markets for Years 2015 and 2020 (includes corresponding Graph/Chart)

III. MARKET

1. THE UNITED STATES
A.Market Analysis
Outlook
Long-term Outlook for Solar Energy to Drive Demand
Table 27: List of Major Solar Projects in Development Phase in the Country (includes corresponding Graph/Chart)
Table 28: US Solar PV Installations (2014E): Percentage Share Breakdown of Installed Capacity for Non-Residential, Residential, and Utility (includes corresponding Graph/Chart)
Favorable US Policies to Improve Solar Power Generation Capabilities
Table 29: Power Plant Capacity Additions (MW) in the US by Type of Power: 2013 (includes corresponding Graph/Chart)
Dwindling Utility-Scale LCOE to Expand Scope
Table 30: Utility-Scale Solar PV Costs by Segment: 2011 & 2013 (includes corresponding Graph/Chart)
Manufacturers Gear Up to Promote Utility Scale Energy Storage
Rising Number of Energy Storage Projects offer Significant Growth Opportunities
NYC Utility’s Ambitious Plans for Energy Efficiency to Drive ESS Growth
Incentives under ConEd’s Demand Management Progaram
Small-Scale Renewable Energy Projects: A Threat to Grid- Scale Energy Storage?
Product Launches
Strategic Corporate Developments
Key Players
B.Market Analytics
Table 31: US Recent Past, Current and Future Analysis for Advanced Energy Storage by Installed Capacity in MW for Years 2014 through 2020 (includes corresponding Graph/Chart)

2. WESTERN EUROPE
A.Market Analysis
Outlook
Advanced Energy Storage Gains Momentum in Western Europe
Utility Scale Wind and Solar Power Storage Gain Momentum
Rising Wind-Hydrogen Energy Storage Projects in Germany
Boom in German Solar Market Offers Prospects for Energy Storage
Strategic Corporate Developments
Key Players
B.Market Analytics
Table 32: Western Europe Recent Past, Current and Future Analysis for Advanced Energy Storage by Installed Capacity in MW for the Years 2014 through 2020 (includes corresponding Graph/Chart)

3. ASIA-PACIFIC
A.Market Analysis
Outlook
Asia: A Potential Laden Market
Table 33: Asian Market for Advanced Energy Storage Systems by Battery Type (2014 & 2016F): Percentage Share Breakdown of Value Sales for Lead Acid, Lithium ion, Molten Salt, and Others (includes corresponding Graph/Chart)
Table 34: Asian Market for Energy Storage Systems by Technology (2014 & 2016F): Percentage Share Breakdown of Value Sales for Advanced Batteries, Pumped Hydro, and Others (includes corresponding Graph/Chart)
Asian Market Dynamics Promote Innovations
Flourishing Solar Power Market Offers Growth Opportunities
Review of Select Markets in the Region
China
Booming Solar Industry to Drive ESS Market
China to Experience Notable Adoption of Energy Storage Systems
India
Increasing Adoption of Renewable Energy Augurs Well for the Market
Table 35: Indian Market for Advanced Energy Storage Systems (2020F): Percentage Share Breakdown of Energy Stored by End-use Applications (includes corresponding Graph/Chart)
Product Launch
Strategic Corporate Developments
Select Regional Players
B.Market Analytics
Table 36: Asia-Pacific Recent Past, Current and Future Analysis for Advanced Energy Storage by Installed Capacity in MW for the years 2014 through 2020 (includes corresponding Graph/Chart)

4. REST OF WORLD
A.Market Analysis
Outlook
A Review of Select Nations
Japan’s Focus on Renewable Energy Bodes Well for the Market
Puerto Rico Introduces Mandatory Energy Storage Requirements
Strategic Corporate Developments
Select Players
B.Market Analytics
Table 37: Rest of World Recent Past, Current and Future Analysis for Advanced Energy Storage by Installed Capacity in MW for Years 2014 through 2020 (includes corresponding Graph/Chart)

IV. COMPETITIVE LANDSCAPE
Total Companies Profiled: 85 (including Divisions/Subsidiaries (87)
The United States (50)
Canada (8)
Japan (2)
Europe (19)
France (8)
Germany (4)
The United Kingdom (3)
Italy (2)
Rest of Europe (2)
Asia-Pacific (Excluding Japan) (7)
Middle East (1)

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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