Bharat Book Bureau Provides the Treding Market Research Report on "Grid-Scale Electricity Storage Technologies: Global Markets" under Energy Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.

Summary

With increasing demand, increasing long-term cost of fuel and growing environmental concerns, power companies are reviewing all options. A major debate at this stage is whether to build new generation and transmission installations and the use of new Technologies to Store Electricity. Electrical energy storage has the potential to deliver a variety of benefits, including capital investment delay, energy arbitration, enhanced power quality and less environmental impact, as well as increased efficiency and cost.

For the past 20 years, the global utility-scale electricity storage (UES) market in the U.S. has been dormant. Over the last decade, annual UES market rates were relatively stable, globally, with a few new facilities in Europe and Asia. Current global trends support substantial investment in new power infrastructure. Grid-sized battery storage technologies are now being developed in conjunction with a growing renewable energy industry, after 10 years of dedicated development.

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These driving trends are - 
- Growing restrictions on greenhouse gas emissions.
- Direct and indirect support for the installation of intermittent renewable sources of power.
- Peak power/surge demand-side management and integration of smart grid systems.
- Infrastructure expansion needed to support further regional economic development.
- Grid investment deferral by utilities.

These five trends form the basis of an emerging boom in grid-scale electricity storage technology development.

Regional market breakdowns are shown here for the overall grid-scale electricity storage market but are shown in the full report in terms of market size by capital expenditure for global regions with a selection of leading national markets.

In recent years, the use of plomo-acid electrochemical batteries has decreased with the increasing popularity and advances of other chemicals (lithium-ion and sodium-sulfur). The development of the ultra-battery with lead acid could recover due to improved storage capacities. Lithium-ion is expected to take the lead as the preferred battery storage grid scale technology over the forecast period. Lithiumion batteries (Li-ion) reach a grid scale, with several manufacturers simply moving beyond the sale of batteries in order to offer integrated storage services for certain applications.

Japan is the leading market for sodium-sulfur (NaS) battery technology after heavy investment into R&D The country has more than 190 NaS installations across the country with a total of 270 MW/1,640 MWh of installed capacity. NaS had some difficulties in early years, mainly related to overheating, which led to fire outbreaks. As these issues are overcome, installations are expected to grow. Flow batteries are a much less developed technology than standard batteries, but these are beginning to become commercially available.

Report Scope:

The scope of this investigation includes the major viable grid-scale electricity storage technologies that are currently being implemented in the power generation industry. These technologies are implemented in order to temporarily store electricity during periods of available generation capacity, for subsequent use during periods of increased demand in support of load leveling, grid balancing and renewable energy integration and intermittent generation balancing.

The grid-scale battery storage technologies discussed in this report are increasingly deployed in support of intermittent renewable energy sources, such as solar and wind energy, which frequently generate power outside of peak demand periods. In these cases, grid-scale electricity storage technologies facilitate delivery of renewable power to end users during periods of high and peak use. This supports utility-level regulations and greenhouse gas (GHG) emissions reduction strategies, which are increasingly common in the global electricity market.

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