Utility-scale power generation has moved beyond the tried and true coal-fired, oil-burning, natural gas, nuclear, and hydroelectric stages. Significant amounts of electric power are generated using generally smaller, “alternative” sources such as wind, solar, tidal, and geothermal. As these smaller power generation approaches proliferate, the problem of off-peak generation becomes important: What if power is generated when it is not needed? What should be done at night, or when the wind does not blow, or when it blows too hard? Power system designers are now rolling out ways to store alternative power so that it can be used when needed.
At the same time, the power generation mix is roiling. Historically low natural-gas prices are beginning to rise. The Japanese nuclear power infrastructure has stabilized, but there are profound concerns about the Japanese nuclear power situation in general and the overall safety and desirability of nuclear power in particular. After eight years of a U.S. administration that strove to wind down coal-burning power plants, the new U.S. political power brokers are very pro-coal. Despite scientific consensus around and historic responses to global climate change, leaders at the very highest levels are backing down on moving away from fossil fuels. Solar, wind, geothermal, and tidal/wave power generation technologies have advanced to the point where they can compete with conventional methods in terms of efficiency, cost-effectiveness, and environmental impact. This is vital, because government incentives may be ending or at least retreating.
With this in mind, this report measures and examines the emerging market for utility-scale, alternative electric power storage, including the use of batteries, fuel cells, capacitive storage, and flywheel energy storage. These storage approaches can be deployed using stationary facilities, mobile arrays, banks of parked electric vehicles, and, increasingly, smart grids that can combine a variety of approaches.
Reasons for Doing This Study:
This report can provide valuable information in terms of assessing investment in specific technologies and, therefore, should benefit investors directly or indirectly. Others may find the broad discussions of energy policy and environmental impact to be of considerable value in understanding the opportunities and problems in the near term to middle term.
Scope of Report
As defined by this report, alternative electrical power storage includes approaches that use primarily electric and high-speed kinetic approaches as opposed to larger-scale kinetic approaches such as pumped hydro and compressed air. As such, alternative electrical power storage includes:
- Batteries (including lead acid, nickel-based, lithium-based, sodium-sulfur, and redox flow systems).
- Fuel cells, which can be powered by hydrogen generated by excess capacity.
- Flywheel energy storage, which stores excess energy in a high-speed rotating kinetic battery.
Capacitive energy storage, which uses an electronic rather than an electrochemical approach to store electrical energy.
As defined by this report, alternative electrical power storage refers primarily to power generated by means other than coal, oil, natural gas, nuclear, and hydroelectric (wind, solar, geothermal, and tidal/wave). However, the alternative market is discussed in relation to this established “conventional” market. It should also be noted that many of the energy-storage technologies discussed in this report can also be used during conventional power generation for peak shifting.
This report discusses the North American, European, Far Eastern, and Rest of World market in terms of units, value and megawatt capacity. A target market based on optimistic, pessimistic, and consensus alternative energy adoption and power storage potential is provided. This is compared to the conventional power generation target and peak-shifting opportunities. Major utility-scale alternative electrical power companies are listed and characterized, and energy-storage system companies and integrators are profiled in detail.
Note that there is a significant distinction between the term “alternative power” and the more commonly used term “renewable energy.”
The distinction is as follows:
- “Alternative power” is generated using processes beyond commonly used coal, oil, natural gas, nuclear, and hydropower.
- “Renewable energy” is generated using processes that do not expend mined or pumped resources such as coal, oil, natural gas, and nuclear. However, in addition to all of the alternative fuels, renewable energy also includes hydropower.
An in-depth analysis of technical and business literature and published dissertations; a review of the history of the technologies involved; and interviews with industry experts, company representatives, federal government researchers, and university scientists provided an assessment of the outlook for alternative power storage.
Chapter 1: Introduction
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Information Sources
- Geographic Breakdown
- Analyst's Credentials
- Related Research Reports
Chapter 2: Summary and Highlights
Chapter 3: Electrical Power Generation Approaches
- Power Generation Components
- Operating an Electric Utility
- Types of Power Plants
- Components and Concept Definitions
- The Power Grid
- Current State: Generations One and Two
- Future State: Generations Three and Four
Chapter 4: Market Power Grids by Region or Country
- North American Power Grids
- European Power Grids
- Japanese Power Grids
- Chinese Power Grids
- Indian Power Grids
- "Base of the Pyramid" Power Grid Development
- African Power Grid
Chapter 5: Alternative Power Generation Technologies
- Solar Power Fundamentals
- Solar Power Storage
- Wind Power Fundamentals
- Wind Power Storage
- Tidal and Wave
- Tidal and Wave Power Fundamentals
- Tidal and Wave Power Storage
- Geothermal Power Fundamentals
- Geothermal Power Storage
Chapter 6: Power Storage
- Battery Background
- Battery Types
- Lead Acid Batteries
- Nickel-metal Hydride Batteries
- Lithium-ion and Lithium-polymer Batteries
- Metal-air Batteries
- Aluminum-air Batteries
- Zinc-air Batteries
- Iron-air Batteries
- Lithium-air Batteries
- Nickel-hydrogen Secondary Batteries
- High-temperature Lithium Batteries
- Sodium-sulfur Batteries
- Redox and Flow Batteries
- Nickel Iron Batteries
- Nickel-zinc Batteries
- Sodium-metal Chloride Batteries
- Hydronium Ion Battery
- Fuel Cells
- Fuel Cell Background
- Fuel Cell Types
- Hydrogen Fuel
- Capacitive Storage
- The Ultrabattery
- Flywheel Energy Storage
Chapter 7: Power Storage Companies
- Lead Acid Battery Companies
- Nickel-based Battery Companies
- Lithium Battery Companies
- Metal-air Battery Companies
- Flow Battery Companies
- Sodium-sulfur Battery Companies
- Capacitive Energy Storage Companies
- Flywheel Energy Storage Companies
- Fuel Cell Companies
- Alternative Power Storage Company Profiles
Chapter 8: Industry Structure
- Market Drivers
- Energy Information Administration Global Conventional Electric Energy Baseline and Forecast
- Energy Information Administration Global Alternative/Renewable Electric Energy Baseline and
- Driving Force: Alternative Power Generation and Storage Prices
- Driving Force: Alternative Power Storage System Costs
- Driving Force: Alternative Power Storage Procurement Process
- Driving Force: Stored Energy Pricing Considerations
- Driving Force: Renewable Energy Certificates
- Driving Force: Standards and Guidelines
- Political Market Drivers
- Driving Force: Direct Regulatory Barriers to Alternative Power Storage
- Driving Force: Alternative Power Storage Policy Goals
- Environmental Market Drivers
- Driving Force: Direct Environmental Impact
- Utility Industry Optimization Drivers
- Driving Force: A New, Competitive U.S. Utility Industry
- Driving Force: Impact on the Electric Utility Industry
- Driving Force: Impact on Electricity Buyers
- Intellectual Property Drivers
- Driving Force: The Commercialization Process
- Alternative Power Storage Research Associations
Chapter 9: Alternative Power Storage Markets
- Alternative Power Storage Market Background
- Alternative Power Storage Market Drivers and Scenarios
- Markets by Power Generation Type
- A Systems Approach to the Markets
- Markets by Region
- Markets by Power Storage Technology
- Markets Beyond 2022
Chapter 10: Power Storage Integrators
- Types of Alternative Power Storage System Integrators
- Wind Alternative Power Integrators
- Solar Alternative Power Integrators
- Geothermal Alternative Power Integrators
- Tidal and Wave Alternative Power Integrators
- Power Storage Integrator Profiles
The global market for alternative energy storage market reached $847 million in 2016. This market should reach $1.3 billion in 2017 and nearly $5.7 billion by 2022 under a consensus scenario at a compound annual growth rate (CAGR) of 34.0% through 2022.
Batteries as a segment should reach $1.1 billion in 2017 and $5.4 billion by 2022, at a CAGR of 36.0% through 2022.
Fuel cells as a segment should reach $65 million in 2017 and should reach $131 million by 2022, at a CAGR of 15.0% through 2022.