Grid Scale Energy Storage Technologies Market, 2017-2030

  • ID: 4229080
  • Report
  • Region: Global
  • 340 Pages
  • Roots Analysis
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Electricity has more than Doubled Between 1990 and 2015, Demand is Projected to Grow even Further; in Fact, by 2035, the Growth is Expected to be in the Range of 69% to 81%

FEATURED COMPANIES

  • 3M Company
  • CalBatt
  • Eos Energy Storage
  • Innovate UK
  • Novus
  • Stag Energy
  • MORE

It is predicted that the global economy will increase by three-folds between now and 2050. This, in turn, is likely to result in increased energy demands. According to Enerdata Energy Statistical Yearbook 2016, electricity demand has more than doubled between 1990 and 2015 to reach 20,568 TWh. This demand is projected to grow even further; in fact, by 2035, the growth is expected to be in the range of 69% to 81%. As the global economy aims for energy security, renewable energy sources such as solar and wind are expected to hold a key position in the future. However, a major constraint with such renewable sources is that energy is generated with a highly variable output in an intermittent manner. Therefore, the surplus energy is required to be stored so that it can be supplied during non-optimal generation periods such as at night time or when the wind is not blowing. Storage at a large scale has remained a major challenge; however, several developments have taken place in this domain and efforts are being made towards their feasible commercial deployments.

A variety of grid scale energy storage technologies are known to the industry and can be broadly categorized based on the type of energy being stored. Pumped hydro energy storage (PHES) is a well-established energy storage technique; however, because of known challenges, various other energy storage techniques, backed by public and private lending, have surfaced over the last decade. For a market such as energy storage, which is linked to the economy of a country, initiatives related to policy decisions and mass awareness play a key role in the growth.

Some countries have introduced reforms/amendments in the policies to encourage the market for energy storage, while others are still debating on it. The White House Summit 2016 is a recent example of such initiatives. At the summit, a range of utility, industry and government storage commitments were highlighted to signify the importance of this subject. Post this, the Federal Energy Regulatory Commission (FERC) started working on re-evaluating some of the policies to encourage energy storage in the US.

At the time of release of this study, policies favoring renewable energy over other sources were in place in about 50 countries. The common theme across these policies is priority dispatch of electricity from renewable sources, special feed-in tariffs, quota obligations for renewable energy and energy tax exemptions. In addition, legal bindings/agreements, such as COP21, to tackle climate change are encouraging the use of renewable energy, which, in turn, is likely to drive the energy storage industry.

The Grid Scale Energy Storage Technologies Market, 2017-2030 report provides a comprehensive analysis of the current market landscape and a detailed future outlook of the large scale energy storage technologies. The study highlights various energy storage technologies that are currently commercially available or are under development. These technologies can be classified as mechanical energy storage, chemical energy storage, electrochemical energy storage, thermal energy storage or electromagnetic energy storage technologies. The industry has long revolved around pumped hydro energy storage, which currently contributes close to 95% of the global energy storage capacity. However, several geographical and environmental constraints associated with it are likely to limit its growth in the long term. As a result, stakeholders have developed/are developing novel energy storage technologies to overcome the limitations of conventional systems. The primary focus of this study is on these novel/upcoming energy storage technologies, including different types of battery storage, compressed air energy storage, concentrated solar power/molten salt energy storage, flywheel energy storage and power-to-gas energy storage.

The study provides a holistic coverage of the developments that are impacting the current energy storage setup and are likely to drive significant changes in energy management approaches in the long term. We were able to identify close to 170 energy storage technologies (excluding PHES) segmented across aforementioned categories.

In addition to other elements, the study elaborates on the following:

  • The current status of the market with respect to key players/technologies along with information on rated power, energy, duration/discharge time of the technologies and geographical location of the companies.
  • Comprehensive profiles of some of the upcoming players under each energy storage category, covering details on the current focus of the companies, their specific energy storage technologies and associated recent developments/initiatives.
  • Various investments and grants received by companies focused in this area to support their R&D activities, a key enabler that will continue to drive developments in the long term. In addition, respective governments have taken encouraging policy decisions, which have provided positive outlook to the energy storage industry.
  • A case study on pumped hydro energy storage, where we have provided information on the plants that are currently operational as well as the ones expected to be operational in the near future. In addition, we have highlighted the historical trends that are likely to govern the future evolution.
  • Key drivers and restraints for the growth of the grid scale energy storage market. Factors such as rising adoption of renewable energy sources, limitations of conventional energy storage systems and high electricity charges are likely to fuel the demand of energy storage systems.
  • Potential future growth of the grid scale energy storage market (both in terms of installed capacity and expected revenue generation) across different technologies (CSP/molten salt energy storage, compressed air energy storage, lithium-ion batteries, lead acid batteries, flow batteries, flywheel energy storage, power-to-gas energy storage and other upcoming technologies). We have taken into account the levelized cost of energy storage to determine revenues for different energy storage technologies. The report covers forecast (till 2030) for the global as well as specific regional markets (North America, Europe, Asia and Rest of World) in terms of installed capacity. It also includes individual forecasts on the installed capacity in specific countries, including the US, France, Germany, Italy, Spain, the UK, Ireland, China, India, Japan, South Africa, South Korea, Chile and Morocco, that are poised to witness healthy growth in the short-midterm and long term.

Our opinions and insights presented in this study were influenced by discussions conducted with several key players in this domain. The report features detailed transcripts of interviews held with Anoop Mathur (CTO and Founder, Terrafore Technologies), Camilo Lopez Tobar (Business Development Manager, Electrochaea), Dr. Markus Ostermeier (Product Development Manager, Electrochaea), Eric Murray (President and CEO, Temporal Power), Itai Karelic (Vice President Business Development, EnStorage), John McCleod (Vice President Engineering, ZincNyx Energy Solutions) and Suresh Singh (President and CEO, ZincNyx Energy Solutions), Nicolas Velasco (Commercial Director, Albufera Energy Storage), Rainer Grumann (Vice President Sales, Heliocentris), Sonya Davidson (President and CEO, H2 Energy Now), and Tom Stepien (CEO and Co-founder, Primus Power).
 
Example Highlights

  1. Over 170 grid scale energy storage technologies (excluding PHES) are either commercially available and/or are under development across different regions worldwide. The energy storage technologies landscape is distributed across a variety of systems; these include mechanical energy (compressed air energy storage (CAES) and flywheels), chemical energy (power-to-gas), electrochemical energy (batteries), thermal energy (concentrated solar power (CSP)/molten salt energy storage) or electromagnetic energy (supercapacitors and superconducting magnetic energy storage).
  2. Specifically, battery energy storage systems are becoming quite popular; these are expected to witness a healthy growth in the future once the cost barriers are overcome. Over 60% of the players we identified during our study are focused on developing different types of batteries for grid scale applications. Examples include (in alphabetical order) ABB, AES Energy Storage, Bosch Energy Storage Solutions, Gildemeister Energy Solutions, Greensmith Energy, Hitachi, LG Chem, Lockheed Martin, Mitsubishi Heavy Industries, NGK Insulators, Panasonic, S&C Electric Company, Saft, Samsung SDI, Sony Energy, Sumitomo Electric, Tesla Motors and Toshiba.
  3. At the same time, it is worth highlighting that concentrated solar power, molten salt energy storage (categorized as thermal energy storage) and compressed air energy storage are amongst relatively more established energy storage technologies. Specifically, thermal energy storage technologies have about 3 GW of installed capacity across the globe. Countries such as Spain (over 1 GW of capacity), the US (600 MW), Chile (over 480 MW) and India (over 200 MW) are leaders in this specific domain.
  4. Upcoming energy storage technologies such as flywheels, power-to-gas and ultracapacitors are also being explored for their applications at grid level. Such technologies are being developed by a large number of SMEs and start-ups. Examples of such companies working in these areas include Amber Kinetics, Beacon Power, Temporal Power and Teraloop (in flywheels); Areva, Electrochaea, H2 Energy Now, Heliocentris, Hydrogen Technologies and Hydrogenics (in power-to-gas); Ioxus and Nesscap (in ultracapacitors).
  5. Funding agencies have strongly backed the innovation. We identified over 250 instances of funding across 70 companies since 2000. The total amount invested has been close to USD 16 billion; of this, a staggering amount of USD 14.5 billion has been invested during the last ten years alone. Some of the companies that have raised capital in multiple funding rounds include (in order of number of instances) Plug Power, Superconductor Technologies, A123 Systems, Tesla Motors, Abengoa Solar, Boston-Power, Aquion Energy, BrightSource Energy, Fluidic Energy, Electrovaya, SolarReserve and Eos Energy Storage. Debt funding (USD 6.5 billion of the total amount raised) has been quite popular. In addition, several VC firms have supported the ongoing initiatives. Examples of prominent VC firms active in this area include (in alphabetical order) Khosla Ventures, North Bridge Venture Partners, Oak Investment Partners, Sequoia Capital, Total Energy Ventures, VantagePoint Capital Partners and Venrock Associates.
  6. Government organizations such as US Department of Energy, NSW Department of Environment, Department of Energy and Climate Change (UK) have also supported the initiatives of technology developers; over 70 instances of grants, with an encouraging value of USD 1.8 billion, have been recorded since 2000.
  7. Over the course of next decade, we expect the current installed capacity of 5.8 GW (excluding PHES) to grow at an annualized rate of 4.9% (till 2030). North America and Europe are currently the leading markets and this trend is likely to sustain in the long-term. Specific pockets of growth (in terms of technologies under development) include lithium-ion batteries, flow batteries, power-to-gas and flywheels.
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FEATURED COMPANIES

  • 3M Company
  • CalBatt
  • Eos Energy Storage
  • Innovate UK
  • Novus
  • Stag Energy
  • MORE

1. PREFACE
1.1. Scope of the Report
1.2. Research Methodology
1.3. Chapter Outlines
 
2. EXECUTIVE SUMMARY
 
3. INTRODUCTION
3.1. Context and Background
3.2. Major Energy Sources Being Exploited for Generating Electricity
3.2.1. Solar Energy
3.2.2. Wind Energy
3.2.3. Geothermal Energy
3.2.4. Hydrogen Energy and Fuel Cells
3.2.5. Hydroelectric Energy
3.2.6. Tidal Energy
3.2.7. Wave Energy
3.2.8. Biomass Energy
3.2.9. Nuclear Energy
3.2.10. Fossil Fuels
3.3. Major Challenges Faced by the Energy Sector
3.3.1. Ever Increasing Energy Demand Leading to Energy Insecurity
3.3.2. Overdependence on Fossils as the Primary Energy Source
3.3.3. Rising Carbon Dioxide Emissions Resulting in Climate Changes
3.3.4. Massive Urbanization
3.3.5. Introduction to Energy Storage
3.3.6. Energy Storage Technologies
3.3.6.1. Mechanical Energy Storage Technologies
3.3.6.1.1. Pumped Hydro Energy Storage (PHES)
3.3.6.1.2. Compressed Air Energy Storage (CAES)
3.3.6.1.3. Flywheel Energy Storage (FES)
3.3.6.2. Electrochemical Energy Storage
3.3.6.2.1. Lead-Acid Batteries
3.3.6.2.2. Nickel-Cadmium/Nickel Metal Hydride Batteries
3.3.6.2.3. Lithium-Ion Batteries
3.3.6.2.4. Sodium Sulfur Batteries
3.3.6.2.5. Copper (Cu)/Zinc (Zn) Batteries
3.3.6.2.6. Flow Batteries
3.3.6.3. Chemical Energy Storage
3.3.6.3.1. Power-to-Gas Energy Storage
3.3.6.4. Thermal Energy Storage
3.3.6.4.1. Pumped Heat Energy Storage
3.3.6.4.2. Liquid Air Energy Storage (LAES)
3.3.6.4.3. Concentrated Solar Power and Molten Salt Energy Storage
3.3.6.5. Electromagnetic Energy Storage
3.3.6.5.1. Supercapacitors
3.3.6.5.2. Superconducting Magnetic Energy Storage (SMES)
3.3.7. Energy Storage Technologies: Primary Applications
 
4. CURRENT MARKET LANDSCAPE
4.1. Chapter Overview
4.2. Grid Scale Energy Storage: List of Technologies
4.3. Grid Scale Energy Storage Technologies: Distribution by Type of Storage
4.4. Grid Scale Energy Storage Technologies: Distribution by Rated Power
4.5. Grid Scale Energy Storage Technologies: Distribution by Duration/Discharge Time
4.6. Grid Scale Energy Storage Companies: Distribution by Year of Establishment
4.7. Grid Scale Energy Storage Companies: Distribution by Size
4.8. Grid Scale Energy Storage Companies: Distribution by Location of Headquarters
 
5. KEY MARKET DRIVERS AND RESTRAINTS
5.1. Chapter Overview
5.2. Grid Scale Energy Storage Market: Key Drivers
5.2.1. Rapidly Increasing Adoption of Renewables/Clean Energy Methods
5.2.2. Encouraging Initiatives by Government Bodies
5.2.3. Constantly Rising Electricity Prices
5.2.4. Limitations of Conventional Energy Storage Systems
5.2.5. High Demand Charges
5.3. Grid Scale Energy Storage Market: Key Restraints
5.3.1. High Capital Costs
5.3.2. Policy/Regulatory and Market Barriers
5.3.3. Commercialization and Licensing Barriers
 
6. MECHANICAL ENERGY STORAGE TECHNOLOGIES
6.1. Chapter Overview
6.2. Compressed Air Energy Storage Technologies
6.2.1. Dresser-Rand
6.2.1.1. Company Overview
6.2.1.2. Financial Information
6.2.1.3. Technology
6.2.1.4. Recent Developments
6.2.2. LightSail Energy
6.2.2.1. Company Overview
6.2.2.2. Financial Information
6.2.2.3. Technology
6.2.2.4. Recent Developments
6.3. Flywheel Energy Storage Technologies
6.3.1. Amber Kinetics
6.3.1.1. Company Overview
6.3.1.2. Financial Information
6.3.1.3. Technology
6.3.1.4. Recent Developments
6.3.2. Temporal Power
6.3.2.1. Company Overview
6.3.2.2. Financial Information
6.3.2.3. Technology
6.3.2.4. Recent Developments
 
7. CHEMICAL ENERGY STORAGE TECHNOLOGIES
7.1. Chapter Overview
7.2. Power-to-Gas Energy Storage Technologies
7.2.1. Electrochaea
7.2.1.1. Company Overview
7.2.1.2. Financial Information
7.2.1.3. Technology
7.2.1.4. Recent Developments
7.2.2. H2 Energy Now
7.2.2.1. Company Overview
7.2.2.2. Financial Information
7.2.2.3. Technology
7.2.2.4. Recent Developments
7.3.3. ITM Power
7.3.3.1. Company Overview
7.3.3.2. Financial Information
7.3.3.3. Technology
7.3.3.4. Recent Developments
 
8. ELECTROCHEMICAL ENERGY STORAGE TECHNOLOGIES
8.1. Chapter Overview
8.2. Lithium-Ion Batteries
8.2.1. A123 Systems
8.2.1.1. Company Overview
8.2.1.2. Financial Information
8.2.1.3. Technology
8.2.1.4. Recent Developments
8.2.2. Boston-Power
8.2.2.1. Company Overview
8.2.2.2. Financial Information
8.2.2.3. Technology
8.2.2.4. Recent Developments
8.3. Flow Batteries
8.3.1. EnStorage
8.3.1.1. Company Overview
8.3.1.2. Financial Information
8.3.1.3. Technology
8.3.1.4. Recent Developments
8.3.2. Primus Power
8.3.2.1. Company Overview
8.3.2.2. Financial Information
8.3.2.3. Technology
8.3.2.4. Recent Developments
8.4. Lead Acid Batteries
8.4.1. Axion Power
8.4.1.1. Company Overview
8.4.1.2. Financial Information
8.4.1.3. Technology
8.4.1.4. Recent Developments
8.4.2. Exide
8.4.2.1. Company Overview
8.4.2.2. Financial Information
8.4.2.3. Technology
8.4.2.4. Recent Developments
 
9. THERMAL ENERGY STORAGE TECHNOLOGIES
9.1. Chapter Overview
9.2. Liquid Air Energy Storage Technologies
9.2.1. Highview Power Storage
9.2.1.1. Company Overview
9.2.2.2. Financial Information
9.2.3.3. Technology
9.2.4.4. Recent Developments
9.3. Concentrated Solar Power/Molten Salt Energy Storage Technologies
9.3.1. Novatec Solar
9.3.1.1. Company Overview
9.3.1.2. Financial Information
9.3.1.3. Technology
9.3.1.4. Recent Developments
9.3.2.1. Terrafore Technologies
9.3.2.2. Company Overview
9.3.2.3. Technology
9.3.2.4. Recent Developments
 
10. OTHER ENERGY STORAGE TECHNOLOGIES
10.1. Chapter Overview
10.2. Advanced Rail Energy Storage (ARES)
10.2.1. Company Overview
10.2.2. Technology
10.2.3. Recent Developments
10.3. Sylfen
10.3.1. Company Overview
10.3.2. Technology
10.3.3. Recent Developments
 
11. CASE IN POINT: PUMPED HYDRO ENERGY STORAGE
11.1. Chapter Overview
11.2. The Concept of Pumped Hydro Energy Storage
11.2.1. Open Loop Pumped Hydro Storage
11.2.2. Closed Loop Pumped Hydro Storage
11.3. Pumped Hydro Storage Plants: Key Benefits
11.4. Pumped Hydro Storage Plants: Major Drawbacks
11.5. List of Pumped Hydro Storage Plants
11.6. Pumped Hydro Storage Plants: Distribution by Commissioning Year
11.7. Pumped Hydro Storage Plants: Distribution by Location
11.8. Pumped Hydro Storage: Upcoming Projects

12. CAPITAL INVESTMENTS AND FUNDING
12.1. Chapter Overview
12.2. Grid Scale Energy Storage Market: Funding Instances (2000-2017)
12.3. Funding Instances: Distribution of Funding Instances by Year (2000-2017)
12.4. Funding Instances: Distribution of Funding Instances by Type of Funding
12.5. Funding Instances: Distribution by Funding Instances Type of Technology
12.6. Leading Grid Scale Energy Storage Technology Developers: Evaluation by Number of Funding Instances

13. MARKET FORECAST
13.1. Chapter Overview
13.2. Forecast Methodology and Key Assumptions
13.3. Overall Grid Scale Energy Storage Market
13.3.1. Overall Grid Scale Energy Storage Market, 2017-2030 (By Value)
13.3.2. Overall Grid Scale Energy Storage Market, 2017-2030 (By Capacity)
13.4. Global Concentrated Solar Power/Molten Salt Energy Storage Market
13.4.1. Concentrated Solar Power/Molten Salt Energy Storage Market, 2017-2030 (By Value)
13.4.2. Concentrated Solar Power/Molten Salt Energy Storage Market, 2017-2030 (By Capacity)
13.5. Global Compressed Air Energy Storage Market
13.5.1. Compressed Air Energy Storage Market, 2017-2030 (By Value)
13.5.2. Compressed Air Energy Storage Market, 2017-2030 (By Capacity)
13.6. Global Lithium-ion Batteries Energy Storage Market
13.6.1. Lithium-ion Batteries Energy Storage Market, 2017-2030 (By Value)
13.6.2. Lithium-ion Batteries Energy Storage Market, 2017-2030 (By Capacity)
13.7. Global Lead Acid Batteries Energy Storage Market
13.7.1. Lead Acid Batteries Energy Storage Market, 2017-2030 (By Value)
13.7.2. Lead Acid Batteries Energy Storage Market, 2017-2030 (By Capacity)
13.8. Global Flow Batteries Energy Storage Market
13.8.1. Flow Batteries Energy Storage Market, 2017-2030 (By Value)
13.8.2. Flow Batteries Energy Storage Market, 2017-2030 (By Capacity)
13.9. Global Flywheels Energy Storage Market
13.9.1. Flywheels Energy Storage Market, 2017-2030 (By Value)
13.9.2. Flywheels Energy Storage Market, 2017-2030 (By Capacity)
13.10. Global Power-to-Gas Energy Storage Market
13.10.1. Power-to-Gas Energy Storage Market, 2017-2030 (By Value)
13.10.2. Power-to-Gas Energy Storage Market, 2017-2030 (By Capacity)
13.11. Other Upcoming Energy Storage Technologies Market
13.11.1. Other Upcoming Energy Storage Technologies Market, 2017-2030 (By Value)
13.11.2. Other Upcoming Energy Storage Technologies Market, 2017-2030 (By Capacity)
13.12. Regional Energy Storage Capacities
13.12.1. Energy Storage Capacity in North America, 2017-2030
13.12.1.1. Energy Storage Capacity in the US, 2017-2030
13.12.1.2. Energy Storage Capacity in Rest of North America, 2017- 2030
13.12.2. Energy Storage Capacity in Europe, 2017-2030
13.12.2.1. Energy Storage Capacity in Spain, 2017-2030
13.12.2.2. Energy Storage Capacity in Germany, 2017-2030
13.12.2.3. Energy Storage Capacity in Italy, 2017-2030
13.12.2.4. Energy Storage Capacity in the UK, 2017-2030
13.12.2.5. Energy Storage Capacity in France, 2017-2030
13.12.2.6. Energy Storage Capacity in Ireland, 2017-2030
13.12.2.7. Energy Storage Capacity in Rest of Europe, 2017-2030
13.12.3. Energy Storage Capacity in Asia, 2017-2030
13.12.3.1. Energy Storage Capacity in South Korea, 2017-2030
13.12.3.2. Energy Storage Capacity in Japan, 2017-2030
13.12.3.3. Energy Storage Capacity in India, 2017-2030
13.12.3.4. Energy Storage Capacity in China, 2017-2030
13.12.3.5. Energy Storage Capacity in Rest of Asia, 2017-2030
13.12.4. Energy Storage Capacity in Rest of World, 2017-2030
13.12.4.1. Energy Storage Capacity in Chile, 2017-2030
13.12.4.2. Energy Storage Capacity in South Africa, 2017-2030
13.12.4.3. Energy Storage Capacity in Morocco, 2017-2030
13.12.4.4. Energy Storage Capacity in Other Countries, 2017-2030
 
14. INTERVIEW TRANSCRIPTS
14.1. Chapter Overview
14.2. Anoop Mathur, CTO and Founder, Terrafore Technologies
14.3. Camilo Lopez Tobar, Business Development Manager and Dr. Markus Ostermeier, Product Development Manager, Electrochaea
14.4. Eric Murray, President and CEO, Temporal Power
14.5. Itai Karelic, Vice President Business Development, EnStorage
14.6. John McLeod, Vice President Engineering and Suresh Singh, President and CEO ZincNyx Energy Solutions
14.7. Nicolas Velasco, Director Commercial, Albufera Energy Storage
14.8. Rainer Grumann, Vice President Sales, Heliocentris
14.9. Sonya Davidson, President and CEO, H2 Energy Now
14.10. Tom Stepien, CEO and Co-Founder, Primus Power
 
15. CONCLUSION
15.1. Large Scale Energy Storage Holds Significant Promise in the Future of Energy Industry
15.2. Relatively Novel Technologies Such as Flywheels, Power-To-Gas and Ultracapacitors are Expected to Gain Recognition in the Long Term
15.3. Specifically, a Variety of Battery Storage Solutions Have Become Highly Popular; Lithium-ion Batteries Have Been the Key Focus
15.4. Encouraging Initiatives by the Governments in Terms of Policy Making/Regulatory Decisions are Likely to Drive the Market
15.5. Start-ups, Backed by Venture Capital Investors, are Driving Technological Innovation in The Market
15.6. Once the Cost Barriers are Broken, Healthy Growth is Likely to Occur in the Long Term
 
16. APPENDIX 1: TABULATED DATA
 
17. APPENDIX 2: LIST OF COMPANIES AND ORGANIZATIONS

List of Figures

Figure 3.1 Global Primary Energy Production, 2000-2015 (Mtoe)
Figure 3.2 Global Electricity Production vs Consumption, 2001-2015 (Percentage Growth)
Figure 3.3 Sources for Electricity Production: Percentage Contribution (2014)
Figure 3.4 Electricity Production from Renewable and Non-renewable Energy Resources: Percentage Contribution, 2000-2015
Figure 3.5 Global CO2 Emissions, 2000-2014 (GtCO2)
Figure 3.6 Global Greenhouse Gas Emissions: Distribution by Economic Sectors, 2014 (GtCO2eq)
Figure 3.7 Rising Global Temperature (World Map Representation), 1885-94 and 2005-14 Scenarios
Figure 3.8 Impact of Urbanization on Energy Demands
Figure 4.1 Grid Scale Energy Storage Technologies: Distribution by Type of Storage
Figure 4.2 Grid Scale Energy Storage Technologies: Distribution by Rated Power
Figure 4.3 Grid Scale Energy Storage Technologies: Distribution by Duration / Discharge Time
Figure 4.4 Grid Scale Energy Storage Companies: Distribution by Year of Establishment (Cumulative Number)
Figure 4.5 Grid Scale Energy Storage Companies: Distribution by Size
Figure 4.6 Grid Scale Energy Storage Companies: Distribution by Location of Headquarters
Figure 5.1 Energy Storage Market: Key Drivers and Restraints
Figure 6.1 Dresser-Rand: Revenues, USD Million (2009-2013)
Figure 8.1 Axion Power: Revenues, USD Million (2012-2016)
Figure 8.2 Exide: Revenues, USD Million (2012-2016)
Figure 11.1 Pumped Hydro Storage Plants: Distribution by Commissioning Year
Figure 12.1 Grid Scale Energy Storage Market: Distribution of Funding Instances by Year, 2000-2017
Figure 12.2 Grid Scale Energy Storage Market: Distribution of Funding Instances by Amount Invested Per Year (USD Million), 2000-2017
Figure 12.3 Grid Scale Energy Storage Market: Distribution of Funding Instances by Type of Funding, 2000-2017
Figure 12.4 Grid Scale Energy Storage Market: Distribution of Funding Instances by Type of Funding and Amount Invested (USD Million), 2000-2017
Figure 12.5 Grid Scale Energy Storage Market: Distribution of Funding Instances by Type of Technology and Amount Invested (USD Million), 2000-2017
Figure 12.6 Leading Grid Scale Energy Storage Technology Providers: Evaluation by Number of Funding Instances
Figure 13.1 Overall Grid Scale Energy Storage Market, Short-Midterm (2017-2023): Base Scenario (USD Billion)
Figure 13.2 Overall Grid Scale Energy Storage Market, Long-Term (2023-2030): Base Scenario (USD Billion)
Figure 13.3 Overall Grid Scale Energy Storage Capacity, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.4 Overall Grid Scale Energy Storage Capacity, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.5 Concentrated Solar Power / Molten Salt Energy Storage Market, Short-Midterm (2017-2023): Base Scenario (USD Billion)
Figure 13.6 Concentrated Solar Power / Molten Salt Energy Storage Market, Long-Term (2023-2030): Base Scenario (USD Billion)
Figure 13.7 Concentrated Solar Power / Molten Salt Energy Storage Capacity, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.8 Concentrated Solar Power / Molten Salt Energy Storage Capacity, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.9 Compressed Air Energy Storage Market, Short-Midterm (2017-2023): Base Scenario (USD Billion)
Figure 13.10 Compressed Air Energy Storage Market, Long-Term (2023-2030): Base Scenario (USD Billion)
Figure 13.12 Compressed Air Energy Storage Capacity, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.12 Compressed Air Energy Storage Capacity, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.13 Lithium-ion Batteries Energy Storage Capacity, Short-Midterm (2017-2023): Base Scenario (USD Billion)
Figure 13.14 Lithium-ion Batteries Energy Storage Market, Long-Term (2023-2030): Base Scenario (USD Billion)
Figure 13.15 Lithium-ion Batteries Energy Storage Capacity, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.16 Lithium-ion Batteries Energy Storage Capacity, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.17 Lead Acid Batteries Energy Storage Market, Short-Midterm (2017-2023): Base Scenario (USD Billion)
Figure 13.18 Lead Acid Batteries Energy Storage Market, Long-Term (2023-2030): Base Scenario (USD Billion)
Figure 13.19 Lead Acid Batteries Energy Storage Capacity, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.20 Lead Acid Batteries Energy Storage Capacity, Long-Term (2023-2023): Base Scenario (GW)
Figure 13.21 Flow Batteries Energy Storage Market, Short-Midterm (2017-2023): Base Scenario (USD Billion)
Figure 13.22 Flow Batteries Energy Storage Market, Long-Term (2023-2030): Base Scenario (USD Billion)
Figure 13.23 Flow Batteries Energy Storage Capacity, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.24 Flow Batteries Energy Storage Capacity, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.25 Flywheels Energy Storage Market, Short-Midterm (2017-2023): Base Scenario (USD Billion)
Figure 13.26 Flywheels Energy Storage Market, Long-Term (2023-2030): Base Scenario (USD Billion)
Figure 13.27 Flywheels Energy Storage Capacity, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.28 Flywheels Energy Storage Capacity, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.29 Power-to-Gas Energy Storage Market, Short-Midterm (2017-2023): Base Scenario (USD Billion)
Figure 13.30 Power-to-Gas Energy Storage Market, Long-Term (2023-2030): Base Scenario (USD Billion)
Figure 13.31 Power-to-Gas Energy Storage Capacity, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.32 Power-to-Gas Energy Storage Capacity, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.33 Other Upcoming Energy Storage Technologies Market, Short-Midterm (2017-2023): Base Scenario (USD Billion)
Figure 13.34 Other Upcoming Energy Storage Technologies Market, Long-Term (2023-2030): Base Scenario (USD Billion)
Figure 13.35 Other Upcoming Energy Storage Technologies Capacity, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.36 Other Upcoming Energy Storage Technologies Capacity, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.37 Energy Storage Capacity in North America, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.38 Energy Storage Capacity in North America, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.39 Energy Storage Capacity in the US, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.40 Energy Storage Capacity in the US, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.41 Energy Storage Capacity in Rest of North America, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.42 Energy Storage Capacity in Rest of North America, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.43 Energy Storage Capacity in Europe, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.44 Energy Storage Capacity in Europe, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.45 Energy Storage Capacity in Spain, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.46 Energy Storage Capacity in Spain, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.47 Energy Storage Capacity in Germany, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.48 Energy Storage Capacity in Germany, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.49 Energy Storage Capacity in Italy, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.50 Energy Storage Capacity in Italy, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.51 Energy Storage Capacity in the UK, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.52 Energy Storage Capacity in the UK, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.53 Energy Storage Capacity in France, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.54 Energy Storage Capacity in France, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.55 Energy Storage Capacity in Ireland, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.56 Energy Storage Capacity in Ireland, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.57 Energy Storage Capacity in Rest of Europe, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.58 Energy Storage Capacity in Rest of Europe, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.59 Energy Storage Capacity in Asia, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.60 Energy Storage Capacity in Asia, Long Term (2023-2030): Base Scenario (GW)
Figure 13.61 Energy Storage Capacity in South Korea, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.62 Energy Storage Capacity in South Korea, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.63 Energy Storage Capacity in Japan, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.64 Energy Storage Capacity in Japan, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.65 Energy Storage Capacity in India, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.66 Energy Storage Capacity in India, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.67 Energy Storage Capacity in China, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.68 Energy Storage Capacity in China, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.69 Energy Storage Capacity in Rest of Asia, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.70 Energy Storage Capacity in Rest of Asia, Long-Term (2023-2030): Base Scenario (MW)
Figure 13.71 Energy Storage Capacity in Rest of World, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.72 Energy Storage Capacity in Rest of World, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.73 Energy Storage Capacity in Chile, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.74 Energy Storage Capacity in Chile, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.75 Energy Storage Capacity in South Africa, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.76 Energy Storage Capacity in South Africa, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.77 Energy Storage Capacity in Morocco, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.78 Energy Storage Capacity in Morocco, Long-Term (2023-2030): Base Scenario (GW)
Figure 13.79 Energy Storage Capacity in Other Countries, Short-Midterm (2017-2023): Base Scenario (GW)
Figure 13.80 Energy Storage Capacity in Other Countries, Long-Term (2023-2030): Base Scenario (GW)
Figure 15.1 Grid Scale Energy Storage Market: Comparative Evolution Scenarios, 2017, 2023 and 2030 (GW and USD Billion)

List of Tables

Table 3.1 Energy Storage Technologies: Primary Applications
Table 4.1 Grid Scale Energy Storage: List of Technologies
Table 4.2 Energy Storage: List of Additional Companies
Table 5.1 Renewable Power Capacity Additions: 2014 and 2015 Scenarios
Table 5.2 Energy Storage Capital Costs: US DOE Targets
Table 6.1 Dresser-Rand: Executive Team
Table 6.2 LightSail Energy: Executive Team
Table 6.3 LightSail Energy: Funding Instances
Table 6.4 Amber Kinetics: Executive Team
Table 6.5 Amber Kinetics: Funding Instances
Table 6.6 Temporal Power: Executive Team
Table 6.7 Temporal Power: Funding Instances
Table 7.1 Electrochaea: Executive Team
Table 7.2 Electrochaea: Funding Instances
Table 7.3 ITM Power: Executive Team
Table 7.4 ITM Power: Funding Instances
Table 8.1 A123 Systems: Executive Team
Table 8.2 A123 Systems: Funding Instances
Table 8.3 Boston-Power: Executive Team
Table 8.4 Boston-Power: Funding Instances
Table 8.5 EnStorage: Executive Team
Table 8.6 EnStorage: Funding Instances
Table 8.8 Primus Power: Executive Team
Table 8.9 Primus Power: Funding Instances
Table 8.10 Axion Power: Executive Team
Table 8.11 Exide: Executive Team
Table 9.1 Highview Power Storage: Executive Team
Table 9.2 Highview Power Storage: Funding Instances
Table 9.3 Novatec Solar: Executive Team
Table 9.4 Novatec Solar: Funding Instances
Table 10.1 ARES: Executive Team
Table 10.2 Sylfen: Executive Team
Table 11.1 List of Pumped Hydro Energy Storage Plants
Table 11.2 Pumped Hydro Storage Plants: Distribution by Location
Table 11.3 Pumped Hydro Storage Plants: Upcoming Projects
Table 12.1 Grid Scale Energy Storage Market: List of Funding Instances and Investors Involved
Table 12.2 Grid Scale Energy Storage Market: Types of Funding Instances
Table 13.1 Grid Scale Energy Storage Technologies: Estimated Installed Capacities, Global Data (2016, 2022)
Table 13.2 Grid Scale Energy Storage Technologies: Levelized Cost of Storage (2016, 2030)
Table 13.3 Grid Scale Energy Storage Technologies: Duration / Discharge Time (2016, 2030)
Table 13.4 Grid Scale Energy Storage Technologies: Estimated Installed Capacities, Regional Data (2016, 2022)
Table 16.1 Global Primary Energy Production, 2000-2015 (Mtoe)
Table 16.2 Global Electricity Production vs Consumption, 2001-2015
Table 16.3 Electricity Production from Renewable and Non-renewable Energy Resources: Percentage Contribution, 2000-2015
Table 16.4 Global CO2 Emissions, 2000-2014 (GtCO2)
Table 16.5 Global Greenhouse Gas Emissions: Distribution by Economic Sectors, 2014
Table 16.6 Grid Scale Energy Storage Technologies: Distribution by Type of Energy
Table 16.7 Grid Scale Energy Storage Technologies: Distribution by Rated Power
Table 16.8 Grid Scale Energy Storage Technologies: Distribution by Duration / Discharge Time
Table 16.9 Grid Scale Energy Storage Companies: Cumulative Number Distribution by Year of Establishment
Table 16.10 Grid Scale Energy Storage Companies: Distribution by Year of Establishment
Table 16.11 Grid Scale Energy Storage Companies: Distribution by Location of Headquarters
Table 16.12 Dresser-Rand: Revenues, USD Million (2009-2013)
Table 16.13 Axion: Revenues, USD Million (2012-2016)
Table 16.14 Exide: Revenues, USD Million (2012-2016)
Table 16.15 Pumped Hydro Storage Plants: Distribution by Commissioning Year
Table 16.16 Grid Scale Energy Storage Market: Distribution of Funding Instances by Year, 2000-2017
Table 16.17 Grid Scale Energy Storage Market: Distribution of Funding Instances by Amount
Table 16.18 Grid Scale Energy Storage Market: Distribution of Funding Instances by Type of Funding, 2000-2017
Table 16.19 Grid Scale Energy Storage Market: Distribution of Funding Instances by Type of Funding and Amount Invested (USD Million)
Table 16.20 Grid Scale Energy Storage Market: Distribution of Funding Instances by Type of Technology and Amount Invested, 2000-2017 (USD Million)
Table 16.21 Leading Grid Scale Energy Storage Technology Providers: Evaluation by Number of Funding Instances
Table 16.22 Overall Grid Scale Energy Storage Market, Short-Midterm (2017 - 2023): Base Scenario (USD Billion)
Table 16.23 Overall Grid Scale Energy Storage Market, Short-Midterm (2017 - 2023): Conservative Scenario (USD Billion)
Table 16.24 Overall Grid Scale Energy Storage Market, Short-Midterm (2017 - 2023): Optimistic Scenario (USD Billion)
Table 16.25 Overall Grid Scale Energy Storage Market, Long-Term (2023 - 2030): Base Scenario (USD Billion)
Table 16.26 Overall Grid Scale Energy Storage Market, Long-Term (2023 - 2030): Conservative Scenario (USD Billion)
Table 16.27 Overall Grid Scale Energy Storage Market, Long-Term (2023 - 2030): Optimistic Scenario (USD Billion)
Table 16.28 Overall Grid Scale Energy Storage Capacity, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.29 Overall Grid Scale Energy Storage Capacity, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.30 Overall Grid Scale Energy Storage Capacity, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.31 Overall Grid Scale Energy Storage Capacity, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.32 Overall Grid Scale Energy Storage Capacity, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.33 Overall Grid Scale Energy Storage Capacity, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.34 Concentrated Solar Power / Molten Salt Energy Storage Market, Short-Midterm (2017 - 2023): Base Scenario (USD Billion)
Table 16.35 Concentrated Solar Power / Molten Salt Energy Storage Market, Short-Midterm (2017 - 2023): Conservative Scenario (USD Billion)
Table 16.36 Concentrated Solar Power / Molten Salt Energy Storage Market, Short-Midterm (2017 - 2023): Optimistic Scenario (USD Billion)
Table 16.37 Concentrated Solar Power / Molten Salt Energy Storage Market, Long-Term (2023 - 2030): Base Scenario (USD Billion)
Table 16.38 Concentrated Solar Power / Molten Salt Energy Storage Market, Long-Term (2023 - 2030): Conservative Scenario (USD Billion)
Table 16.39 Concentrated Solar Power / Molten Salt Energy Storage Market, Long-Term (2023 - 2030): Optimistic Scenario (USD Billion)
Table 16.40 Concentrated Solar Power / Molten Salt Energy Storage Capacity, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.41 Concentrated Solar Power / Molten Salt Energy Storage Capacity, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.42 Concentrated Solar Power / Molten Salt Energy Storage Capacity, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.43 Concentrated Solar Power / Molten Salt Energy Storage Capacity, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.44 Concentrated Solar Power / Molten Salt Energy Storage Capacity, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.45 Concentrated Solar Power / Molten Salt Energy Storage Capacity, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.46 Compressed Air Energy Storage Market, Short-Midterm (2017 - 2023): Base Scenario (USD Billion)
Table 16.47 Compressed Air Energy Storage Market, Short-Midterm (2017 - 2023): Conservative Scenario (USD Billion)
Table 16.48 Compressed Air Energy Storage Market, Short-Midterm (2017 - 2023): Optimistic Scenario (USD Billion)
Table 16.49 Compressed Air Energy Storage Market, Long-Term (2023 - 2030): Base Scenario (USD Billion)
Table 16.50 Compressed Air Energy Storage Market, Long-Term (2023 - 2030): Conservative Scenario (USD Billion)
Table 16.51 Compressed Air Energy Storage Market, Long-Term (2023 - 2030): Optimistic Scenario (USD Billion)
Table 16.52 Compressed Air Energy Storage Capacity, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.53 Compressed Air Energy Storage Capacity, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.54 Compressed Air Energy Storage Capacity, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.55 Compressed Air Energy Storage Capacity, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.56 Compressed Air Energy Storage Capacity, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.57 Compressed Air Energy Storage Capacity, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.58 Lithium-ion Batteries Energy Storage Market, Short-Midterm (2017 - 2023): Base Scenario (USD Billion)
Table 16.59 Lithium-ion Batteries Energy Storage Market, Short-Midterm (2017 - 2023): Conservative Scenario (USD Billion)
Table 16.60 Lithium-ion Batteries Energy Storage Market, Short-Midterm (2017 - 2023): Optimistic Scenario (USD Billion)
Table 16.61 Lithium-ion Batteries Energy Storage Market, Long-Term (2023 - 2030): Base Scenario (USD Billion)
Table 16.62 Lithium-ion Batteries Energy Storage Market, Long-Term (2023 - 2030): Conservative Scenario (USD Billion)
Table 16.63 Lithium-ion Batteries Energy Storage Market, Long-Term (2023 - 2030): Optimistic Scenario (USD Billion)
Table 16.64 Lithium-ion Batteries Energy Storage Capacity, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.65 Lithium-ion Batteries Energy Storage Capacity, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.66 Lithium-ion Batteries Energy Storage Capacity, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.67 Lithium-ion Batteries Energy Storage Capacity, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.68 Lithium-ion Batteries Energy Storage Capacity, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.69 Lithium-ion Batteries Energy Storage Capacity, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.70 Lead Acid Batteries Energy Storage Market, Short-Midterm (2017 - 2023): Base Scenario (USD Billion)
Table 16.71 Lead Acid Batteries Energy Storage Market, Short-Midterm (2017 - 2023): Conservative Scenario (USD Billion)
Table 16.72 Lead Acid Batteries Energy Storage Market, Short-Midterm (2017 - 2023): Optimistic Scenario (USD Billion)
Table 16.73 Lead Acid Batteries Energy Storage Market, Long-Term (2023 - 2030): Base Scenario (USD Billion)
Table 16.74 Lead Acid Batteries Energy Storage Market, Long-Term (2023 - 2030): Conservative Scenario (USD Billion)
Table 16.75 Lead Acid Batteries Energy Storage Market, Long-Term (2023 - 2030): Optimistic Scenario (USD Billion)
Table 16.76 Lead Acid Batteries Energy Storage Capacity, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.77 Lead Acid Batteries Energy Storage Capacity, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.78 Lead Acid Batteries Energy Storage Capacity, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.79 Lead Acid Batteries Energy Storage Capacity, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.80 Lead Acid Batteries Energy Storage Capacity, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.81 Lead Acid Batteries Energy Storage Capacity, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.82 Flow Batteries Energy Storage Market, Short-Midterm (2017 - 2023): Base Scenario (USD Billion)
Table 16.83 Flow Batteries Energy Storage Market, Short-Midterm (2017 - 2023): Conservative Scenario (USD Billion)
Table 16.84 Flow Batteries Energy Storage Market, Short-Midterm (2017 - 2023): Optimistic Scenario (USD Billion)
Table 16.85 Flow Batteries Energy Storage Market, Long-Term (2023 - 2030): Base Scenario (USD Billion)
Table 16.86 Flow Batteries Energy Storage Market, Long-Term (2023 - 2030): Conservative Scenario (USD Billion)
Table 16.87 Flow Batteries Energy Storage Market, Long-Term (2023 - 2030): Optimistic Scenario (USD Billion)
Table 16.88 Flow Batteries Energy Storage Capacity, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.89 Flow Batteries Energy Storage Capacity, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.90 Flow Batteries Energy Storage Capacity, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.91 Flow Batteries Energy Storage Capacity, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.92 Flow Batteries Energy Storage Capacity, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.93 Flow Batteries Energy Storage Capacity, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.94 Flywheels Energy Storage Market, Short-Midterm (2017 - 2023): Base Scenario (USD Billion)
Table 16.95 Flywheels Energy Storage Market, Short-Midterm (2017 - 2023): Conservative Scenario (USD Billion)
Table 16.96 Flywheels Energy Storage Market, Short-Midterm (2017 - 2023): Optimistic Scenario (USD Billion)
Table 16.97 Flywheels Energy Storage Market, Long-Term (2023 - 2030): Base Scenario (USD Billion)
Table 16.98 Flywheels Energy Storage Market, Long-Term (2023 - 2030): Conservative Scenario (USD Billion)
Table 16.99 Flywheels Energy Storage Market, Long-Term (2023 - 2030): Optimistic Scenario (USD Billion)
Table 16.100 Flywheels Energy Storage Capacity, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.101 Flywheels Energy Storage Capacity, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.102 Flywheels Energy Storage Capacity, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.103 Flywheels Energy Storage Capacity, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.104 Flywheels Energy Storage Capacity, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.105 Flywheels Energy Storage Capacity, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.106 Power-to-Gas Energy Storage Market, Short-Midterm (2017 - 2023): Base Scenario (USD Billion)
Table 16.107 Power-to-Gas Energy Storage Market, Short-Midterm (2017 - 2023): Conservative Scenario (USD Billion)
Table 16.108 Power-to-Gas Energy Storage Market, Short-Midterm (2017 - 2023): Optimistic Scenario (USD Billion)
Table 16.109 Power-to-Gas Energy Storage Market, Long-Term (2023 - 2030): Base Scenario (USD Billion)
Table 16.110 Power-to-Gas Energy Storage Market, Long-Term (2023 - 2030): Conservative Scenario (USD Billion)
Table 16.111 Power-to-Gas Energy Storage Market, Long-Term (2023 - 2030): Optimistic Scenario (USD Billion)
Table 16.112 Power-to-Gas Energy Storage Capacity, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.113 Power-to-Gas Energy Storage Capacity, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.114 Power-to-Gas Energy Storage Capacity, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.115 Power-to-Gas Energy Storage Capacity, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.116 Power-to-Gas Energy Storage Capacity, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.117 Power-to-Gas Energy Storage Capacity, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.118 Other Upcoming Energy Storage Technologies Market, Short-Midterm (2017 - 2023): Base Scenario (USD Billion)
Table 16.119 Other Upcoming Energy Storage Technologies Market, Short-Midterm (2017 - 2023): Conservative Scenario (USD Billion)
Table 16.120 Other Upcoming Energy Storage Technologies Market, Short-Midterm (2017 - 2023): Optimistic Scenario (USD Billion)
Table 16.121 Other Upcoming Energy Storage Technologies Market, Long-Term (2023 - 2030): Base Scenario (USD Billion)
Table 16.122 Other Upcoming Energy Storage Technologies Market, Long-Term (2023 - 2030): Conservative Scenario (USD Billion)
Table 16.123 Other Upcoming Energy Storage Technologies Market, Long-Term (2023 - 2030): Optimistic Scenario (USD Billion)
Table 16.124 Other Upcoming Energy Storage Technologies Capacity, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.125 Other Upcoming Energy Storage Technologies Capacity, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.126 Other Upcoming Energy Storage Technologies Capacity, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.127 Other Upcoming Energy Storage Technologies Capacity, Long-Term (2023 2030): Base Scenario (GW)
Table 16.128 Other Upcoming Energy Storage Technologies Capacity, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.129 Other Upcoming Energy Storage Technologies Capacity, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.130 Energy Storage Capacity in North America, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.131 Energy Storage Capacity in North America, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.132 Energy Storage Capacity in North America, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.133 Energy Storage Capacity in North America, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.134 Energy Storage Capacity in North America, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.135 Energy Storage Capacity in North America, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.136 Energy Storage Capacity in the US, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.137 Energy Storage Capacity in the US, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.138 Energy Storage Capacity in the US, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.139 Energy Storage Capacity in the US, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.140 Energy Storage Capacity in the US, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.141 Energy Storage Capacity in the US, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.142 Energy Storage Capacity in Rest of North America, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.143 Energy Storage Capacity in Rest of North America, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.144 Energy Storage Capacity in Rest of North America, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.145 Energy Storage Capacity in Rest of North America, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.146 Energy Storage Capacity in Rest of North America, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.147 Energy Storage Capacity in Rest of North America, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.148 Energy Storage Capacity in Europe, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.149 Energy Storage Capacity in Europe, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.150 Energy Storage Capacity in Europe, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.151 Energy Storage Capacity in Europe, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.152 Energy Storage Capacity in Europe, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.153 Energy Storage Capacity in Europe, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.154 Energy Storage Capacity in Spain, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.155 Energy Storage Capacity in Spain, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.156 Energy Storage Capacity in Spain, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.157 Energy Storage Capacity in Spain, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.158 Energy Storage Capacity in Spain, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.159 Energy Storage Capacity in Spain, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.160 Energy Storage Capacity in Germany, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.161 Energy Storage Capacity in Germany, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.162 Energy Storage Capacity in Germany, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.163 Energy Storage Capacity in Germany, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.164 Energy Storage Capacity in Germany, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.165 Energy Storage Capacity in Germany, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.166 Energy Storage Capacity in the UK, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.167 Energy Storage Capacity in the UK, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.168 Energy Storage Capacity in the UK, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.169 Energy Storage Capacity in the UK, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.170 Energy Storage Capacity in the UK, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.171 Energy Storage Capacity in the UK, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.172 Energy Storage Capacity in France, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.173 Energy Storage Capacity in France, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.174 Energy Storage Capacity in France, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.175 Energy Storage Capacity in France, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.176 Energy Storage Capacity in France, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.177 Energy Storage Capacity in France, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.178 Energy Storage Capacity in Italy, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.179 Energy Storage Capacity in Italy, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.180 Energy Storage Capacity in Italy, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.181 Energy Storage Capacity in Italy, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.182 Energy Storage Capacity in Italy, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.183 Energy Storage Capacity in Italy, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.184 Energy Storage Capacity in Ireland, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.185 Energy Storage Capacity in Ireland, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.186 Energy Storage Capacity in Ireland, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.187 Energy Storage Capacity in Ireland, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.188 Energy Storage Capacity in Ireland, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.189 Energy Storage Capacity in Ireland, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.190 Energy Storage Capacity in Rest of Europe, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.191 Energy Storage Capacity in Rest of Europe, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.192 Energy Storage Capacity in Rest of Europe, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.193 Energy Storage Capacity in Rest of Europe, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.194 Energy Storage Capacity in Rest of Europe, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.195 Energy Storage Capacity in Rest of Europe, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.196 Energy Storage Capacity in Asia, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.197 Energy Storage Capacity in Asia, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.198 Energy Storage Capacity in Asia, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.199 Energy Storage Capacity in Asia, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.200 Energy Storage Capacity in Asia, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.201 Energy Storage Capacity in Asia, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.202 Energy Storage Capacity in South Korea, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.203 Energy Storage Capacity in South Korea, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.204 Energy Storage Capacity in South Korea, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.205 Energy Storage Capacity in South Korea, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.206 Energy Storage Capacity in South Korea, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.207 Energy Storage Capacity in South Korea, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.208 Energy Storage Capacity in Japan, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.209 Energy Storage Capacity in Japan, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.210 Energy Storage Capacity in Japan, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.211 Energy Storage Capacity in Japan, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.212 Energy Storage Capacity in Japan, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.213 Energy Storage Capacity in Japan, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.214 Energy Storage Capacity in India, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.215 Energy Storage Capacity in India, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.216 Energy Storage Capacity in India, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.217 Energy Storage Capacity in India, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.218 Energy Storage Capacity in India, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.219 Energy Storage Capacity in India, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.220 Energy Storage Capacity in China, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.221 Energy Storage Capacity in China, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.222 Energy Storage Capacity in China, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.223 Energy Storage Capacity in China, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.224 Energy Storage Capacity in China, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.225 Energy Storage Capacity in China, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.226 Energy Storage Capacity in Rest of Asia, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.227 Energy Storage Capacity in Rest of Asia, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.228 Energy Storage Capacity in Rest of Asia, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.229 Energy Storage Capacity in Rest of Asia, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.230 Energy Storage Capacity in Rest of Asia, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.231 Energy Storage Capacity in Rest of Asia, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.232 Energy Storage Capacity in Rest of World, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.233 Energy Storage Capacity in Rest of World, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.234 Energy Storage Capacity in Rest of World, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.235 Energy Storage Capacity in Rest of World, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.236 Energy Storage Capacity in Rest of World, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.237 Energy Storage Capacity in Rest of World, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.238 Energy Storage Capacity in Chile, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.239 Energy Storage Capacity in Chile, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.240 Energy Storage Capacity in Chile, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.241 Energy Storage Capacity in Chile, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.242 Energy Storage Capacity in Chile, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.243 Energy Storage Capacity in Chile, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.244 Energy Storage Capacity in Morocco, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.245 Energy Storage Capacity in Morocco, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.246 Energy Storage Capacity in Morocco, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.247 Energy Storage Capacity in Morocco, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.248 Energy Storage Capacity in Morocco, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.249 Energy Storage Capacity in Morocco, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.250 Energy Storage Capacity in South Africa, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.251 Energy Storage Capacity in South Africa, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.252 Energy Storage Capacity in South Africa, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.253 Energy Storage Capacity in South Africa, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.254 Energy Storage Capacity in South Africa, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.255 Energy Storage Capacity in South Africa, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.256 Energy Storage Capacity in Remaining Rest of World, Short-Midterm (2017 - 2023): Base Scenario (GW)
Table 16.257 Energy Storage Capacity in Remaining Rest of World, Short-Midterm (2017 - 2023): Conservative Scenario (GW)
Table 16.258 Energy Storage Capacity in Remaining Rest of World, Short-Midterm (2017 - 2023): Optimistic Scenario (GW)
Table 16.259 Energy Storage Capacity in Remaining Rest of World, Long-Term (2023 - 2030): Base Scenario (GW)
Table 16.260 Energy Storage Capacity in Remaining Rest of World, Long-Term (2023 - 2030): Conservative Scenario (GW)
Table 16.261 Energy Storage Capacity in Remaining Rest of World, Long-Term (2023 - 2030): Optimistic Scenario (GW)
Table 16.262 Grid Scale Energy Storage Market: Comparative Evolution Scenarios, 2017, 2023 and 2030 (GW and USD Billion)

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FEATURED COMPANIES

  • 3M Company
  • CalBatt
  • Eos Energy Storage
  • Innovate UK
  • Novus
  • Stag Energy
  • MORE

Research Methodology

Most of the data presented in this report has been gathered via secondary and primary research. For all our projects, we conduct interviews with experts in the area (academia, industry, medical practice and other associations) to solicit their opinions on emerging trends in the market. This is primarily useful for us to draw out our own opinion on how the market will evolve across different regions and technology segments. Where possible, the available data has been checked for accuracy from multiple sources of information.

The secondary sources of information include:

  • Annual reports
  • Investor presentations
  • SEC filings
  • Industry databases
  • News releases from company websites
  • Government policy documents
  • Industry analysts’ views

While the focus has been on forecasting the market over the coming ten years, the report also provides our independent view on various non-commercial trends emerging in the industry. This opinion is solely based on our knowledge, research and understanding of the relevant market gathered from various secondary and primary sources of information.

Chapter Outlines

  • Chapter 2 provides an executive summary of the insights captured in our study. The summary offers a high level view on the likely evolution of energy storage market, with a special focus on technologies that are meant for large scale storage applications.
  • Chapter 3 is an introductory chapter on energy storage technologies. It focuses on various renewable energy sources and their current status in terms of their contribution to the overall energy generation. In addition, the chapter provides information on various challenges being faced by the energy sector, highlighting the unmet need and how energy storage can revolutionize the market. We have briefly discussed different types of energy storage technologies and their applications at the grid level.
  • Chapter 4 identifies the energy storage technologies that have been developed / are under development by different companies. It provides information on rated power, energy capacity and duration / discharge time. The technologies have been classified on the basis of the type of stored energy (mechanical, electrochemical, chemical, thermal or electromagnetic). The classification system mentioned in this chapter helps develop a deeper understanding of the market. In addition, we have identified various trends in the industry that are likely to govern the future of energy storage industry.
  • Chapter 5 features a detailed discussion on a number of factors that act as drivers or barriers to the growth of energy storage market. It describes the increasing trend towards the use of renewables over the past few years due to initiatives being taken by the government bodies, constantly rising prices of electricity and high demand charges.
  • Chapter 6 provides a detailed review of mechanical energy storage technologies. It includes profiles of upcoming players in this domain that are in the process of developing / deploying their compressed air energy storage or flywheel energy storage technologies. The profiles cover information about the company, details on their specific technology and recent developments / future plans with respect to the energy storage industry.
  • Chapter 7 reviews chemical energy storage technologies, which store energy in the form of hydrogen gas. The technology is also known as power-to-gas energy storage, and we have presented profiles of some of the upcoming players in this area, covering information about the company, details on their specific energy storage technology and recent developments / future plans with respect to the energy storage industry.
  • Chapter 8 provides a detailed review of electrochemical energy storage technologies, including a wide variety of batteries such as lithium-ion, lead acid, flow batteries and sodium based batteries. It presents profiles of some of the upcoming players that have developed / are developing these technologies covering information about the company, details on their specific battery storage technology and recent developments / future plans with respect to the energy storage industry.
  • Chapter 9 reviews thermal energy storage technologies, which primarily include concentrated solar power / molten salt energy storage technologies. The chapter presents profiles of some of the upcoming players in this area, covering information about the company, details on their specific energy storage technology and recent developments / future plans with respect to the energy storage industry.
  • Chapter 10 provides a detailed review of energy storage technologies other than the ones mentioned in Chapters 6, 7, 8 and 9. These include superconducting magnetic energy storage technologies and the use of ultracapacitors / supercapacitors as energy storage systems. We have presented profiles of some of the players in this area covering information about the company and details on their specific energy storage technologies.
  • Chapter 11 is a case study on pumped hydro energy storage technology. It highlights the key advantages and constraints of pumped hydro energy storage technology. It features information on currently operational pumped hydro storage plants across the globe and specific energy storage trends across different regions. The chapter also provides a list of upcoming pumped hydro storage plants.
  • Chapter 12 provides information on several funding instances that have driven innovations in this industry. Our analysis reveals interesting insights on the growing interest of venture capitalists and other stakeholders in this market.
  • Chapter 13 presents a detailed 14 year forecast highlighting the future potential of grid scale energy storage technologies. The forecast, which estimates the market opportunity (both in terms of value and installed capacity) across various types of energy storage technologies (CSP / molten salt, CAES, batteries (lithium-ion, lead acid and flow batteries), flywheels and power-to-gas), is backed by robust secondary research and inputs gathered from senior stakeholders via primary research. The analysis also highlights the relative growth opportunity across various regions across the globe (Asia, Europe, North America and Rest of World) in terms of installed energy storage capacity. Within these regions, we have provided forecasts for individual countries that currently have or are likely to have an impact on the overall energy storage industry in the future.
  • Chapter 14 is a collection of transcripts of interviews conducted with key players during the course of this study. We have presented the details of our discussions with Anoop Mathur (CTO and Founder, Terrafore Technologies), Camilo Lopez Tobar (Business Development Manager, Electrochaea), Dr. Markus Ostermeier (Product Development Manager, Electrochaea), Eric Murray (President and CEO, Temporal Power), Itai Karelic (Vice President Business Development, EnStorage), John McCleod (Vice President Engineering, ZincNyx Energy Solutions) and Suresh Singh (President and CEO, ZincNyx Energy Solutions), Nicolas Velasco (Commercial Director, Albufera Energy Storage), Rainer Grumann (Vice President Sales, Heliocentris), Sonya Davidson (President and CEO, H2 Energy Now), and Tom Stepien (CEO and Co-founder, Primus Power)..
  • Chapter 15 summarizes the overall report. In this chapter, we have provided a recap of the key takeaways and an independent future outlook based on the research and analysis described in earlier chapters.
  • Chapter 16 is an appendix, which provides tabulated data and numbers for all the figures provided in the report.
  • Chapter 17 is an appendix, which provides a list of companies and organizations mentioned in the report.
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  • 3M Company
  • A123 Systems
  • ABB
  • ACCIONA Energy
  • AES Energy Storage
  • ANDRITZ HYDRO
  • ARES
  • Aabar Investments
  • Abengoa Solar
  • Acta
  • Active Power
  • Advanced Emission Solutions (ADES)
  • Advanced Technology Ventures (ATV)
  • Aegis Capital
  • African Development Bank
  • Air Liquide
  • Airlight Energy
  • Alacaes
  • Alberta Innovates Energy and Environment Solutions (AI-EES)
  • Albufera Energy Storage
  • Alevo
  • Alliance Bernstein
  • Alliance Capital Management
  • Almi Invest
  • Alstom
  • Altair Nanotechnologies
  • Altenergy
  • Amber Kinetics
  • American BIRD Foundation
  • American Electric Power
  • American Hydro Corporation
  • Amperex Technology
  • Angeleno Group
  • Anglo American Platinum
  • Aquion Energy
  • ArcTern Ventures
  • Arenko Cleantech
  • Areva
  • Argonne National Laboratory
  • Ashlawn Energy
  • Asia Climate Partners
  • Aspire Capital Fund
  • AusIndustry
  • Australian Federal Government Advanced Electricity Storage Technologies
  • Autodesk
  • Axion Power
  • BBC
  • BMO Capital Markets and Scotiabank
  • BNP Paribas
  • BP Alternative Energy
  • BP Technology Ventures
  • BP Ventures
  • BYD
  • Banesto
  • Bankinvest Group
  • BattCo Energy Storage Systems
  • BeVault
  • Beacon Power
  • Beckett Energy Systems
  • Black River
  • BlueRun Ventures
  • Bosch Energy Storage Solutions
  • Boston-Power
  • Bright Capital
  • Bright Energy Storage
  • BrightSource Energy
  • Brock Capital Group
  • CIBC
  • CIT Financial
  • CKD
  • CMEA Ventures
  • CODA Energy
  • Caja Madrid
  • CalBatt
  • CalSTRS
  • Caliza Holding
  • Calmac
  • Calyon
  • Canaan Partners
  • CapX Partners
  • Capital One
  • Capricorn Investment Group
  • Carlyle Group
  • Carruth Management
  • CentrePoint Ventures
  • Chevron Technology Ventures
  • China Aviation Lithium Battery
  • China Southern Power Grid (CSG)
  • Chrysalix Energy Venture Capital
  • Citi Alternative Investments
  • Climate Change and Water
  • Compass Venture Partners
  • Conoco Phillips
  • Constellation Technology Ventures
  • Credit Suisse's Customized Fund Investment Group
  • Cumulus Energy Storage
  • DBL Partners
  • DFJ Ventures
  • DNS Capital
  • DaimlerChrysler Venture
  • Danfoss
  • Danish Maritime Fund
  • Davidson Investments
  • Detroit Edison
  • Deutshe Bank
  • Development Bank of South Africa
  • Dexia Sabadell
  • Dominion Generation
  • Dongfang Electrical Machinery
  • Doosan
  • Dresser-Rand
  • Dynapower
  • E.ON
  • EATON
  • EC Power
  • EV Grid
  • Eagle Picher
  • Ecoult
  • Electrochaea
  • Electrovaya
  • Element 8
  • Element Partners
  • Emerging Power
  • EnStorage
  • EnSync Energy Systems
  • Enbridge Emerging Technology
  • Encell
  • Enel
  • EnerDel
  • EnerSys
  • EnerVault
  • Energinet.dk
  • Energy Capital Partners
  • Energy Made Clean
  • Energy Renaissance
  • Energy Storage
  • Energy Storage Systems
  • Energy Storage and Power Corporation
  • Energy Technologies Institute
  • EnergyNest
  • Eos Energy Storage
  • Escher-Wyss
  • Espirito Santo Ventures
  • Exelon
  • Exide
  • FA Technology Ventures
  • FIAMM
  • FRENELL
  • First Solar
  • Fisher Brothers
  • Fjord Capital Partners
  • Flexible Capital Fund
  • Fluidic Energy
  • Focus First
  • Foundation Asset Management
  • Foundation Capital
  • Furukawa Electric
  • GAIA Akkumulatorenwerke
  • GCL-Poly Energy Holdings
  • GRP Partners
  • GS Yuasa
  • GSR Ventures
  • GXP Investments
  • Gabriel Venture Partners
  • General Compression
  • General Electric (GE)
  • Generate Capital
  • Gentry Venture Partners
  • German Federal Ministry for Environment
  • Gildemeister Energy Solutions
  • Goldman Sachs
  • Good Energies
  • Google
  • Granite Global Venture
  • Graphite Energy
  • Green Charge
  • Greener Capital
  • Greensmith Energy
  • Greylock Partners
  • Gridflex Energy
  • Grupo ECOS
  • H2
  • H2 Energy Now
  • HOPPECKE
  • Harbin Electric Machinery
  • Hawaiian Electric and Energy Excelerator
  • Heatric
  • Hercules Capital
  • Highview Power Storage
  • Hitachi
  • Horizon
  • Hydroenergo
  • Hydrogen Technologies
  • Hydrogenics
  • Hydrostor
  • I2BF Global Ventures
  • IDEAS Managed Fund
  • ING
  • ITM Power
  • Iberdrola
  • Imperial Innovations
  • Indiana Advanced Energy Technologies Program (AETP)
  • Industrial Development Corporation
  • Innovacorp
  • Innovate UK
  • International Finance Corporation
  • Interros
  • Intikon Energy
  • Invesco Perpetual
  • Ioxus
  • Isentropic
  • JLM Energy
  • JP Morgan
  • K Road DG
  • KEMA-DNV
  • Kensani Capital Investments
  • Keuka Energy
  • KfW
  • Khosla Ventures
  • KiWi Power
  • Kleiner Perkins Caufield & Byers
  • Kokam
  • Kværner
  • LG Chem
  • Ladenburg Thalmann
  • Ladesbank
  • Laurentian Bank of Canada
  • Leclanché
  • Liberty Interactive Corporation
  • LightSail Energy
  • Linde Group
  • Lithiumstart
  • Lockheed Martin
  • Loudwater Investment Partners
  • MDB Capital Group
  • MaRS Catalyst Fund
  • Magellan Power
  • Magnum Energy
  • Masood Energy
  • Massachusetts Department of Energy Resources (DOER)
  • Massachusetts Institute of Technology (MIT)
  • Maxwell Technologies
  • Meineng Energy
  • Melco
  • Metalcraft
  • Microsoft
  • Mithril Capital Management
  • Mitsubishi Heavy Industries (MHI)
  • Mitsui Global Investment
  • Mizuho Corporate Bank
  • Morgan Stanley
  • Motorola Solutions
  • Munich Venture Partners
  • NEC Energy Solutions
  • NGK Insulators
  • NH3 Canada
  • NRG Energy
  • NSW Department of Environment
  • National Bank of Abu Dhabi
  • Natixis
  • Nature Conservation and Nuclear Safety
  • Nazarian Enterprises
  • Nedbank
  • Nesscap
  • Nevada Bureau of Land Management (BLM)
  • New Enterprise Associates
  • New York State Energy Research and Development Authority
  • Nexeon
  • Neyrpic
  • Nidec
  • Nidus Partners
  • Nilar
  • Nordeutsche Landesbank
  • Norilsk Nickel
  • North Bridge Venture Partners
  • Northern Reliability
  • Northwater Intellectual Property Fund
  • Norwegian Research Council
  • Novatec Solar
  • Novus
  • OCI
  • ORIX Corporation
  • Oak Investment Partners
  • Oceanshore Ventures
  • OnPoint
  • Ontario Ministry of Energy
  • Overseas Private Investment Corporation (OPIC)
  • Oxis Energy
  • PCG Clean Energy & Technology Fund
  • Pacific Gas and Electric Company (PG&E)
  • Panasonic
  • Pangaea Ventures
  • Pathion
  • Pellion Technologies
  • Plug Power
  • Portland Seed Fund
  • Power-to-Gas Hungary
  • Powerthru
  • Powin Energy
  • Primus Power
  • Pro-Power
  • Procter & Gamble
  • QINOUS
  • Qualcomm
  • Quantum Energy Storage
  • RBS Business Capital
  • RES Group
  • RWE Supply & Trading
  • Rand Merchant Bank
  • Raymond James
  • RedT Energy Storage
  • Redflow Energy Storage Solutions
  • Rocky Mountain Power
  • Rodman & Renshaw
  • Rongke Power
  • S&C Electric Company
  • S4 Energy
  • STORNETIC
  • SUSI Partners
  • Saft
  • Sail Ventures
  • Samsung
  • Samsung SDI
  • Sand Hill Angels
  • Sandia National Laboratories
  • Santander
  • Sasol New Energy
  • Schneider Electric
  • Scotia
  • Second Avenue Partners
  • Seeo
  • Sequoia Capital
  • Shell Technology Ventures
  • Siemens
  • Sigma Energy Storage
  • Silicon Valley Bank
  • Sirius Venture Partners
  • Skoda
  • Smart Future Lab
  • Société Générale
  • Solar Age Investments
  • SolarReserve
  • Solutronic
  • Sony Energy
  • Stag Energy
  • Starwood Energy Group Global
  • Statoil Energy Ventures
  • Stephens
  • Sumitomo Electric
  • Sumitomo Mitsui Banking Corporation
  • Sun Xtender
  • Sunrise CSP
  • SuperPower
  • Superconductor Technologies
  • SustainX
  • Sustainable Development Investments (SDI)
  • Swedish Energy Agency
  • Sycamore Ventures
  • Sylfen
  • TDK Corporation
  • TEL Venture Capital
  • TIAA-CREF
  • TIP Capital
  • Tao Invest
  • Technical University of Munich (TUM)
  • Tekes
  • Temporal Power
  • Teraloop
  • Terrafore Technologies
  • Tesla Motors
  • The BOC Group
  • The Bank of Tokyo-Mitsubishi
  • The European Investment Bank (EIB)
  • The P.E.A.C.E. Foundation
  • The Public Investment Corporation (PIC)
  • Torresol Energy
  • Toshiba
  • Total Energy Ventures
  • Total SA
  • Trinity Capital Investment
  • TriplePoint Capital
  • UBI Banca
  • US Department of Energy (US DOE)
  • US Invest
  • US Renewables Group
  • Ultralife Corporation
  • UniEnergy Technologies
  • Union National Bank
  • United States Advanced Battery Consortium (USABC)
  • United States Department of Defense
  • Upfront Ventures
  • Urban Electric Power
  • VA TECH
  • VRB Power Systems
  • Valor Equity Partners
  • VantagePoint Capital Partners
  • Vargas
  • Venrock Associates
  • Vermont Seed Capital Fund
  • ViZn Energy Systems
  • Vionx Energy
  • Voith
  • Warburg-Pincus
  • WattsUp Power
  • Wellington Partners
  • Wells Fargo Bank
  • WestLB
  • Wexford Capital
  • Wilson Sonsini Goodrich & Rosati
  • Woodford Investment Management
  • Wuhu Fuhai-Haoyan Venture Investment
  • XALT Energy
  • XG Sciences
  • Younicos
  • Yung's Enterprise
  • ZAF Energy Systems
  • ZincNyx Energy Solutions
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