18 November 2019
Visiongain has launched a new energy report Next Generation Energy Storage Technologies (EST) Market Forecast 2020-2030: Analysis of Technology Maturity, Performance & Commercialisation of Mechanical (Innovative Pumped Hydro Storage (PHS), Advanced Adiabatic Compressed Air Energy Storage (AA-CAES), Isothermal CAES & Liquid Air Energy Storage (LAES)), Chemical (Hydrogen Storage & Fuel Cells), Electrical (Superconducting Magnetic Energy Storage (SMES)), Electrochemical (Lithium-Air, Lithium-Sulphur, Lithium-Ion, Magnesium-Ion & Zinc-Air Batteries) & Thermal Technologies for Renewable Energy Sources (RES) Integration.
Energy transition and decarbonization of electricity market globally has emerged as one of the most trending discussions in the energy industry and is expected to affect the global economies. 2019 has been a year of significant events around energy transition and environmental agendas. Energy Storage Technologies can play a vital role in the energy transition, as they appear the most efficient solution to Renewable Energy Sources intermittency. The last two years have been a landmark for energy storage industry, as the capacity increased at astonishing rates. The decreased costs of energy storage technologies as lithium-ion (costs 85% less than 2010), the global pressure towards a greener future, the rise in electricity demand in emerging countries and the successful testing of many next generation technologies, are expected to give significant boost to the Next-Generation EST market. Specifically, the capacity of next-gen ESTs is projected to have a CAGR of 18% for the next decade, while the CAPEX, a CAGR of 8%. Except for the thorough market analysis, the report features an interview of two market experts, the Vice President and the Market Applications Team Manager of Fluence Energy LLC, a company formed by Siemens and AES.
The Visiongain report analyst commented: "These next-generation energy storage technologies have the ability to change the face of the grid network by even more than we are currently experiencing. The successful demonstration projects and the continuous investments in Research and Development bring constant development in these technologies, and naturally the costs are sinking, making projects economically viable. More companies are entering the EST market, and many countries understand the necessity of a developed energy storage infrastructure and they invest in their first domestic EST projects. While the resources are not abundant, the enhanced efficiency of next generation technologies is expected to assist further development of energy storage market in the next decade. The fast-paced growth though, has caught authorities unprepared, as the current regulatory framework in many countries does not facilitate the proliferation of Next-Generation Energy Storage Technologies, and appears as the most critical challenge for the years to come."
Leading companies featured in the report who are developing Next-Generation Energy Storage Technologies include: Johnson Controls, LG Chem Ltd., NextEra Energy Ltd., Edison International, Mitsubishi Electric Corporation, BYD Co. Ltd., ABB Group, Samsung SDI Co., Robert Bosch GmbH. Duke Energy Corporation, Panasonic Corporation, Tesla Inc. and CATL Corporation.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
The global anaerobic digestion (AD) market is being driven within the projected period, increased demand for renewable energy resources, rising energy costs, and stricter government regulations to minimise greenhouse gas emissions are the primary factors driving the anaerobic digestion market.
12 July 2021
Rooftop solar PV system deployment has expanded dramatically in recent years, owing in large part to policies like as net metering and tax incentives that, in some countries, make PV more cost-effective than buying energy from the grid- PV-hybrid minigrid, virtual power plants, and utility PPA.
08 July 2021
LNG terminals require a vast amount of capital to build: four projects approved in the previous few years, according to the International Energy Agency, will each exceed 20 billion dollars and some of them represent the largest investments of the private sector in their respective country’s history.
29 June 2021
Over the next 20 years, LNG supply is expected to more than treble, resulting in a surge in demand — mainly in the Far East. Because of the booming power business, rapid industrialization, and expanding urbanisation, governments are investing in floating LNG power boats.