Visiongain’s comprehensive new 227 page report reveals that CAPEX invested in grid scale battery (GSB) storage technologies will reach $717.2m in 2015, with rapid growth anticipated over the next ten years.
Market scope: The grid scale battery (GSB) storage market is largely an emerging one, especially when compared with other energy storage systems such as the well-established pumped hydro storage. Grid scale batteries are arriving at commercial viability, having been the subject of numerous demonstration projects. They posses numerous advantages over competing technologies, such as the precision and quality of the service they can provide to grid operators and the lack of geographical constraints experienced by technologies such as CAES and PHS.
The regulatory frameworks and the market environments around the world are moving towards the direction of more grid scale battery storage being deployed on the grid to perform ancillary services. Pressed by high and rising amounts of renewable energy capacity brought online each year, an increasing number of governments around the world are considering adopting new regulatory requirements favouring the commissioning of grid scale storage systems, such as capacity payment mechanisms rewarding the best-performing back-up technologies for frequency regulation or mandatory targets for the installation of new storage capacity. In addition to this, production costs are consistently declining due to technological improvements, gained experience and mass production.
Just as decisively, a larger wealth of performance data are becoming available each year as pilot projects are completed all around the world, providing producers, operators and prospective clients with key information on the reliability and safety of each battery technology once applied outside the laboratory. Visiongain expects the grid scale battery storage market to grow considerably over the next 10 years for grid ancillary services, peak electricity demand shaving, energy efficiency and renewable energy integration.
The Grid Scale Battery (GSB) Storage Market Forecast 2015-2025 report responds to your need for definitive market data:
• How will the GSB market evolve? – The report includes transcripts of extended interviews with seven companies involved in the grid scale battery market, who provide expert insight alongside Visiongain’s analysis: – AES Energy Storage – American Vanadium – Younicos – Imergy – ViZn Energy – S&C Electric – ABB Energy Storage
• When will the GSB market develop? – See 114 tables, charts and graphs revealing the projected market development from 2015-2025
Which GSB application submarkets will flourish from 2015-2025? – Forecasts for spending on grid scale battery storage technologies worldwide, year-on-year, from 2015 to 2025, with individual breakdowns for each of the main battery technologies: – Lithium Ion Batteries 2015-2025 – Sodium-based Batteries 2015-2025 – Flow Batteries 2015-2025 – Advanced Lead Acid Batteries 2015-2025 – Other Battery Types 2015-2025
The report includes analysis of each battery technology, with tables and figures provided to visualise the comparative total CAPEX on the five submarkets, plus their anticipated evolving market shares.
• Where are the regional GSB market opportunities from 2015-2025? Ten-year forecasts and analysis for the 7 leading countries in the grid scale battery storage market are included, with CAPEX for each shown in three scenarios: – US forecast 2015-2025, – China forecast 2015-2025 – Japan forecast 2015-2025 – Germany forecast 2015-2025 – UK forecast 2015-2025 – Italy forecast 2015-2025 – South Korea forecast 2015-2025 – Rest of World (RoW) forecast 2015-2025
• Where are the major GSB projects and programmes? Descriptions of the major companies, agencies and research centres driving innovation in GSB technology are provided.
• What are the factors influencing GSB market dynamics? – SWOT / PEST analysis explores the factors. – Research and development (R&D) strategy – Technological issues and constraints. – Supply and demand dynamics – Competition from new product types – Increasing specialisation by leading players – New market entrants from both established manufacturers and start-ups – Advances in product quality – Analysis of barriers to entry
• Who are the leading 6 GSB companies? Examine competitive positioning, capabilities, product portfolios, R&D activity, services, focus, strategies, M&A activity, and future outlook: – NGK Insulators Ltd – BYD Co. Ltd – Sumitomo Electric Industries Ltd. – Samsung SDI Co. Ltd – GE Energy Storage – Tesla Motors Inc.
Who should read this report? – Anyone within the GSB value chain, including: – CEO’s – COO’s – CIO’s – Business development managers – Marketing managers – Suppliers – Technologists – Investors – Banks – Government agencies – Contractors
Buy our report today Grid Scale Battery (GSB) Storage Market Forecast 2015-2025: The Future of Lithium-ion, Flow, Sodium-based, Advanced Lead Acid and Other Batteries on the Grid. Avoid missing out – order our report now.
Visiongain is a trading partner with the US Federal Government CCR Ref number: KD4R6
1. Executive Summary 1.1 Global Grid Scale Battery Storage Market Overview 1.2 Market Structure Overview and Market Definition 1.3 Why You Should Read This Report 1.4 How This Report Delivers 1.5 Key Questions Answered by This Analytical Report Include 1.6 Who is This Report For? 1.7 Methodology 1.8 Frequently Asked Questions (FAQ) 1.9 Associated Visiongain Reports 1.10 About Visiongain
2. Introduction to the Grid Scale Battery Storage Market 2.1 A Background to Grid Scale Battery Storage 2.2 Grid Scale Battery Storage Submarket Structure Overview 2.3 Applications for Grid Scale Battery Storage 2.3.1 Power Generation Support – Load Levelling and Peaking 2.3.2 Power Generation Support – Grid Support Services 2.3.3 Renewable Energy Integration 2.3.4 Transmission & Distribution Support 2.3.5 Distributed Power Generation and End-User Support 2.4 Brief Aside on Batteries 2.5 Overview of the Leading Grid Scale Battery Technologies 2.5.1 Lithium-Ion Batteries 2.5.2 Sodium-Based Batteries 2.5.3 Flow Batteries 2.5.4 Advanced Lead Acid Batteries 2.5.5 Other Battery Designs 3. Global Grid Scale Battery Storage Market 2015-2025 3.1 Global Grid Scale Battery Storage Market Forecast 2015-2025 3.1.1 Global Grid Scale Battery Storage Drivers & Restraints 3.2 The Factors that Will Drive the Grid Scale Battery Storage Market 3.2.1 How Rising Energy Prices Indirectly Incentivise Grid Scale Battery Storage 3.2.2 Investments in Research, Development and Demonstration Projects 3.2.3 The Importance of Renewable Energy Integration 3.2.4 Smart Grids and Distributed Power Generation Systems 3.2.5 How Expanding Electricity Demand Can Drive Demand for Grid Scale Battery Storage 3.2.6 The Developing Electric Vehicle Market as a Growth Factor 3.2.7 The Role of Changing National Policies Towards Energy Storage 3.2.8 The Potential of Deregulating the Electric Utility Markets 3.2.9 Growing Experience Monetising Storage 3.3.10 Ancillary Services Issues 3.3 The Restraining Factors in the Grid Scale Battery Storage Market 3.3.1 The Long-Standing Constraint of High Capital Costs of Grid Scale Battery Storage 3.3.2 Lack of Technological Understanding and Inherent Industry Conservatism 3.3.3 The Policy and Regulatory Challenges Ahead 3.3.4 The Impact of a Weak Market Demand for Grid Scale Battery Storage 3.1.5 Competition From Other Energy Storage Technologies in the Market
5. Leading National Grid Scale Battery Storage Market Forecasts 2015-2025 5.1 Leading National Grid Scale Battery Storage Markets Share Forecast 2015-2025 5.2 Barriers to Entry Analysis 5.3 The US Grid Scale Battery Storage Market Forecasts 2015-2025 5.3.1 Why the US is the World’s Largest Grid Scale Battery Market 5.3.2 California: The impact of the 1.3GW Mandate 5.3.3 New York 5.3.4 Texas (ERCOT) 5.3.5 Hawaii 5.3.6 PJM 5.3.7 Other Grids 5.4 The Japanese Grid Scale Battery Storage Market Forecasts 2015- 2025 5.4.1 The Market State of Affairs in the Early Adopter Japan 5.5 The Chinese Grid Scale Battery Storage Market Forecasts 2015-2025 5.5.1 The Shortcomings of a Promising Grid Scale Battery Market 5.6 The Italian Grid Scale Battery Storage Market Forecasts 2015-2025 5.6.1 Future Developments in the $28m Italian Grid Scale Battery Storage Market 5.7 The German Grid Scale Battery Storage Market Forecasts 2015-2025 5.7.1 Read About the Grid Scale Battery Storage Market Opportunities in Germany 5.8 The South Korean Grid Scale Battery Storage Market Forecasts 2015-2025 5.8.1 Developments in the South Korean Grid Scale Battery Storage Market 5.9 The UK Grid Scale Battery Storage Market Forecasts 2015-2025 5.9.1 Strengths and Weaknesses of the UK Grid Scale Battery Storage Market 5.10 Rest of the World Grid Scale Battery Storage National Market Forecasts 2015-2025 5.10.1 The Outlook of the Australian Grid Scale Battery Storage Market 5.10.2 The Outlook of the Canadian Grid Scale Battery Storage Market 5.10.3 The Outlook of the French Grid Scale Battery Storage Market 5.10.4 The Outlook of the Spanish Grid Scale Battery Storage Market 5.10.5 The Outlook of the Middle East and African Grid Scale Battery Storage Market
6. PEST Analysis of the Grid Scale Battery Storage Market 2015-2025
7. Expert Opinion 7.1 Expert Interview with Imergy 7.1.1 Recent Developments at Imergy 7.1.2 Key Recent Developments in the GSB Market 7.1.3 Perceptions of the Chinese GSB Market 7.1.4 Commercial Viability of Different GSB Technologies 7.1.5 On Vanadium Pricing 7.1.6 Cost Reductions in GSB Technology 7.1.7 Impact of the Electric Vehicle Market on the GSB Industry 7.1.8 About Government Support for GSB Technology 7.1.9 Constraints and Regulatory issues in the GSB Industry 7.1.10 How Do Utility Companies Perceive GSB Development? 7.1.11 Impact of Capacity Markets on the GSB Industry 7.1.12 Other Applicability of GSB’s 7.1.13 Emerging GSB Tech Developments and Barriers 7.2. Expert Interview with Dario Cicio, ABB Energy Storage 7.2.1 About ABB’s Energy Storage Division 7.2.2 Key Recent Developments in the Grid Battery Market 7.2.3 Viability of Differing Established and Developing Batteries 7.2.4 Impact of the EV Market on the GSB Market 7.2.5 Government Support for GSB Technology 7.2.6 The US GSB Market and Overall Drivers and Restraints 7.2.7 How Utility Companies Perceive the GSB Industry 7.2.8 Key National Markets and Barriers to Adoption 7.3 Interview with AES Energy Storage 7.3.1 Recent Developments at AES Energy Storage 7.3.2 Most Important Developments in the Grid Scale Battery Market 7.3.3 On the Competing Battery Storage Technologies 7.3.4 The Impact of the Electric Vehicle Market on the GSB Market 7.3.5 Drivers, Restraints, and Government Support for GSB Technology 7.3.6 Emerging National Markets for GSB’s 7.3.7 Emerging Competition to GSB’s 7.4 Expert Interview with Philip Hiersemenzel, Younicos 7.4.1 Recent Developments at Younicos 7.4.2 Analysts Underestimate Growth in the Storage Sector 7.4.3 Younicos’ Company Development 7.4.4 Recent Projects and Products 7.4.5 Increasing Battery Life Through Software 7.4.6 Key Market Developments 7.4.7 Regulation of Grid Scale Batteries 7.4.8 On Energy Storage Cost Metrics 7.4.9 The Link Between Renewables and Energy Storage 7.4.10 Government Support for Battery Storage Technology 7.4.11Perception of Utility Companies Towards Grid Storage 7.4.12 Largest Markets for Grid Scale Batteries 7.4.13 US Regulation of GSB’s and Barriers to Development 7.4.14 How Electric Vehicles Will Drive The GSB Market 7.5 Expert Interview with Craig Wilkins, ViZn Energy 7.5.1 Recent Developments at ViZn and in the GSB Industry 7.5.2 Commercial Viability of Different GSB Technologies 7.5.3 Cost Reduction in GSB Technologies 7.5.4 Challenges to the Flow Battery Market 7.5.5 Other Emerging GSB Technologies 7.5.6 Critical Price Thresholds to the GSB Industry 7.5.7 Drivers, Constraints and GSB Regulatory Issues 7.5.8 Emerging National Markets for GSB’s 7.5.9 Technological Barriers to GSB Expansion 7.6 Expert Interview with Bill Radvak & Brian Beck, American Vanadium 7.6.1 Latest Developments at American Vanadium 7.6.2 Key Markets and Recent Developments in the GSB Industry 7.6.3 Commercial Viability of Different GSB Technologies 7.6.4 Areas of Greatest Cost Reduction 7.6.5 Impact of Electric Vehicle Development on the GSB Industry 7.6.6 Future of Government Support for GSB’s 7.6.7 Drivers, Constraints, and Regulatory Issues Facing the GSB Industry 7.6.8 Perception of GSB’s by Utility Companies 7.6.9 Key National Markets and Technological Developments 7.6.10 Issues and Opportunities of Flow Batteries 7.7 Expert Interview with S&C Electric 7.7.1 Latest Developments at S&C Electric 7.7.2 Key Recent Developments in the GSB Market 7.7.3 Commercial Viability of Different GSB Technologies 7.7.4 Impact of the Electric Vehicle Market on the GSB Market 7.7.5 Drivers, Restraints, and Government Support for GSB’s 7.7.6 On the Attitude of Utility Companies Towards GSB’s 7.7.7 Key GSB National Markets and Technological Developments
8. Leading Six Grid Scale Battery Storage Companies 8.1 NGK Insulators Ltd 8.2 BYD Co. Ltd 8.3 Sumitomo Electric Industries Ltd. 8.4 Samsung SDI Co. Ltd 8.5 GE Energy Storage 8.6 Tesla Motors Inc. 8.7 Other Leading Companies in the Grid Scale Battery Storage Market
9. Conclusions & Recommendations 9.1 Grid Scale Battery Storage Market Outlook 9.2 Key Findings and Recommendations
10. Glossary
List of Tables Table 2.1 Comparison of Grid Scale Battery Storage Technologies (Capacity MW, Output MWh, Discharge, Efficiency %, Cycles, Cost kW & kWh) Table 3.1 Global Grid Scale Battery Storage Market Forecast 2015-2025 ($m, AGR %, CAGR%, Cumulative) Table 3.2 Global Grid Scale Battery Storage Market Drivers & Restraints Table 3.3 US Government-Funded Investments in Energy Storage Demonstration Projects ($m) Table 3.4 Installed Intermittent Renewables Capacity (Wind, Solar PV, Concentrated Solar Thermal) for the Leading Seven National GSB Markets 2012 and 2013 (GW, Growth %) Table 3.5 Smart Grid Investments for the Leading Seven National GSB Markets 2011, 2012 and 2013 ($m) Table 4.1 Grid Scale Battery Storage Submarkets Forecast 2015-2025 ($m, AGR %) Table 4.2 Lithium-Ion Battery Storage Market Forecast by National Market 2015-2025 ($m, AGR %, Cumulative) Table 4.3 Grid Scale Lithium-Ion Battery Storage Submarket Drivers & Restraints Table 4.4 Sodium-Based Battery Storage Market Forecast by National Market 2015-2025 ($m, AGR %, Cumulative) Table 4.5 Grid Scale Sodium-Based Battery Storage Submarket Drivers & Restraints Table 4.6 Flow Battery Storage Market Forecast by National Market 2015-2025 ($m, AGR %, Cumulative) Table 4.7 Grid Scale Flow Battery Storage Submarket Drivers & Restraints Table 4.8 Advanced Lead Acid Battery Storage Market Forecast by National Market 2015-2025 ($m, AGR %, Cumulative) Table 4.9 Grid Scale Advanced Lead Acid Battery Storage Submarket Drivers & Restraints Table 4.10 Other Battery Storage Technologies Market Forecast by National Market 2015-2025 ($m, AGR %, Cumulative) Table 5.1 Leading National Grid Scale Battery Storage Market Forecast Scenarios by Country 2015-2025 (Lower, Expected, Upper) ($m, AGR%) Table 5.2 Leading National Grid Scale Battery Storage “Expected” Market Forecasts by Country 2015-2025 ($m, AGR %) Table 5.3 Global Total Grid Scale Battery Market Scenarios Forecasts 2015- 2025 (Lower, Expected, Upper) ($m, AGR %, CAGR %) Table 5.4 US Grid Scale Battery Storage Market Scenarios Forecast 2015-2025 (Lower, Expected, Upper) ($m, AGR %, CAGR %, Cumulative) Table 5.5 US GSB Market Drivers & Restraints Table 5.6 Japanese Grid Scale Battery Storage Scenario Market Forecast 2015-2025 (Lower, Expected, Upper) ($m, AGR %, CAGR %, Cumulative) Table 5.7 Japanese EST Market Drivers & Restraints Table 5.8 Chinese Grid Scale Battery Storage Market Forecast 2015-2025 ($m, AGR %, CAGR %, Cumulative) Table 5.9 Chinese GSB Market Drivers & Restraints Table 5.10 Italian Grid Scale Battery Storage Market Scenario Forecasts 2015-2025 (Lower, Expected, Upper) ($m, AGR %, CAGR %, Cumulative) Table 5.11 Italian GSB Market Drivers & Restraints Table 5.12 German Grid Scale Battery Storage Market Scenario Forecasts 2015-2025 (Lower, Expected, Upper) ($m, AGR %, CAGR %, Cumulative) Table 5.13 German GSB Market Drivers & Restraints Table 5.14 South Korean Grid Scale Battery Storage Scenario Market Forecasts 2015-2025 (Lower, Expected, Upper) ($m, AGR %, CAGR %, Cumulative) Table 5.15 South Korean EST Market Drivers & Restraints Table 5.16 UK Grid Scale Battery Storage Market Scenario Forecasts 2015-2025 (Lower, Expected, Upper) ($m, AGR %, CAGR %, Cumulative) Table 5.17 UK EST Market Drivers & Restraints Table 5.18 Rest of the World Grid Scale Battery Storage Scenario Market Forecast 2015-2025 (Lower, Expected, Upper) ($m, AGR %, CAGR %, Cumulative) Table 6.1 PEST Analysis of the Grid Scale Battery Storage Market 2015-2025 Table 8.2 NGK Insulators Ltd Overview 2014 (Total Company Revenues, HQ, Ticker, IR Contact, Website) Table 8.3 BYD Co. Ltd Overview 2014 (Total Company Revenues, HQ, Ticker, IR Contact, Website) Table 8.4 Sumitomo Electric Industries Ltd Overview 2014 (Total Company Revenues, HQ, Ticker, IR Contact, Website) Table 8.5 Samsung SDI Co. Ltd Overview 2014 (Total Company Revenues, HQ, Ticker, IR Contact, Website) Table 8.6 GE Energy Storage Overview 2014 (Total Company Revenues, HQ, Ticker, IR Contact, Website) Table 8.6 Tesla Overview 2014 (Total Company Revenues, HQ, Ticker, IR Contact, Website) Table 8.7 Other Leading Companies in the Desalination Market (Company, Product / Service) Table 9.1 Grid Scale Battery Storage Market Forecast Summary 2015, 2020 and 2025 ($m) and CAGR 2015-2020, 2020-2025 and 2015-2025 (%)
List of Figures Figure 1.1 Global Grid Scale Battery Storage Submarket Structure Overview Figure 1.2 Global Grid Scale Battery Storage National Markets Overview Figure 2.1 Global Grid Scale Battery Storage Market Structure Overview Figure 2.2 UK Seasonal Electricity Demand Curve for 2012 (MW/Month) Figure 2.3 UK Weekly Electricity Demand Curve from July 2nd to July 8th 2012 (MW/Day) Figure 2.4 UK Daily Electricity Demand Curve from July 2nd 2012 (MW/Time) Figure 2.5 Load Levelling & Peak Shaving Profile Using Grid Scale Battery Storage (MW/Time) Figure 2.6 Fluctuating Electricity Demand Increase of an Average Morning (MW/Time) Figure 2.7 Grid Scale Battery Storage Positioning in the Power Supply Chain Figure 3.1 Global Grid Scale Battery Storage Market Forecast 2015-2025 ($m, AGR %) Figure 3.2 Industrial Electricity Price History in France, Germany, Italy, UK and USA 1979-2012 (GBP Pence/kWh) Figure 3.3 Annual New installed capacity of Solar PV and Wind power worldwide (MW) Figure 3.4 Average Annual Growth Rates of Global Renewable Energy Capacity and Biofuel Production 2007-2012 (%) Figure 3.5 Renewable Energy Power Capacities Excluding Hydropower, Developing World, EU and Top-Six Nations 2012 (GW) Figure 3.6 World, OECD and Non-OECD Electricity Consumption 1980-2010 (TWh) Figure 3.7 World, OECD and Non-OECD Net Electricity Generation Growth Forecast 2008-2035 (Trillion kWh) Figure 3.8 Global EV and PHEV Sales Growth Target 2010-2020 (Units Sold) Figure 4.1 Grid Scale Battery Storage Submarket Forecasts 2015-2025 ($m) Figure 4.2 Grid Scale Battery Storage Submarkets Share Forecast 2015 (%) Figure 4.3 Grid Scale Battery Storage Submarkets Share Forecast 2020 (%) Figure 4.4 Grid Scale Battery Storage Submarkets Share Forecast 2025 (%) Figure 4.5 Grid Scale Battery Storage Submarket Annual Growth Rates 2015-2025 (%) Figure 4.6 Grid Scale Battery Storage Submarkets Aggregated CAPEX 2015-2025 (%) Figure 4.7 Lithium-Ion Battery Storage Market Forecast by National Market 2015-2025 ($m, AGR %) Figure 4.8 Li-ion Battery Storage Submarket Share Forecast 2015, 2020 and 2025 (% Share) Figure 4.9 Sodium-Based Battery Storage Market Forecast by National Market 2015-2025 ($m, AGR %) Figure 4.10 Sodium-Based Battery Storage Submarket Share Forecast 2015, 2020 and 2025 (% Share) Figure 4.11 Flow Battery Storage Market Forecast by National Market 2015-2025 ($m, AGR %) Figure 4.12 Flow Battery Storage Submarket Share Forecast 2015, 2020 and 2025 (% Share) Figure 4.13 Advanced Lead Acid Battery Storage Market Forecast by National Market 2015-2025 ($m, AGR %) Figure 4.14 Advanced Lead Acid Battery Storage Submarket Share Forecast 2015, 2020 and 2025 (% Share) Figure 4.15 Other Battery Storage Technologies Market Forecast by National Market 2015-2025 ($m, AGR %) Figure 4.16 Other Battery Storage Submarket Share Forecast 2015, 2020 and 2025 (% Share) Figure 5.1 Leading National Grid Scale Battery Storage “Expected” Market Forecasts 2015-2025 ($m) Figure 5.2 Global Grid Scale Battery Market Scenario Forecasts 2015- 2025 (Lower, Expected, Upper) ($m) Figure 5.3 Leading National Grid Scale Battery Storage “Expected” Markets Share Forecast 2015 (%) Figure 5.4 Leading National Grid Scale Battery Storage “Expected” Markets Share Forecast 2020 (%) Figure 5.5 Leading National Grid Scale Battery Storage “Expected” Markets Share Forecast 2025 (%) Figure 5.6 National Grid Scale Battery Storage “Expected” Market Shares Change 2015-2025 (%) Figure 5.7 Total CAPEX per National Grid Scale Battery Storage “Expected” Market 2015-2025 ($m) Figure 5.8 Aggregated CAPEX per National Grid Scale Battery Storage “Expected” Market 2015-2025 ($m) Figure 5.9 CAGRs by National Grid Scale Battery Storage “Expected” Market 2015-2020, 2020-2025, 2015-2025 (CAGR %) Figure 5.10 Barriers to Entry vs. National Market Size vs. CAGR % 2015-2025 ($m, CAGR%) Figure 5.11 US Grid Scale Battery Storage “Expected” Market Forecast 2015-2025 ($m, AGR %) Figure 5.12 US Grid Scale Battery Storage Market Scenarios Forecast 2015-2025 (Lower, Expected, Upper) ($m) Figure 5.13 US GSB “Expected” Market Share Forecast 2015, 2020 and 2025 (% Share) Figure 5.14 Proposed Energy Storage Procurement Targets in Major Californian Utilities 2014, 2016, 2018, 2020 (in MW) Figure 5.15 Japanese Grid Scale Battery Storage “Expected” Market Forecast 2015-2025 ($m, AGR %) Figure 5.16 Japanese Grid Scale Battery Storage Market Scenario Forecasts 2015-2025 (Lower, Expected, Upper) ($m) Figure 5.17 Japanese GSB “Expected” Market Share Forecast 2015, 2020 and 2025 (% Share) Figure 5.18 Chinese Grid Scale Battery Storage “Expected” Market Forecast 2015-2025 ($m, AGR %) Figure 5.19 Chinese Grid Scale Battery Storage Market Scenario Forecasts 2015-2025 (Lower, Expected, Upper) ($m) Figure 5.20 Chinese GSB “Expected” Market Share Forecast 2015, 2020 and 2025 (% Share) Figure 5.21 2014 new addition wind power capacity (MW,%) Figure 5.22 Italian Grid Scale Battery Storage “Expected” Market Forecast 2015-2025 ($m, AGR %) Figure 5.23 Italian Grid Scale Battery Storage Market Scenario Forecasts 2015-2025 (Lower, Expected, Upper) ($m) Figure 5.24 Italian GSB “Expected“ Market Share Forecast 2015, 2020 and 2025 (% Share) Figure 5.25 German Grid Scale Battery Storage “Expected” Market Forecast 2015-2025 ($m, AGR %) Figure 5.26 German Grid Scale Battery Storage Market Scenario Forecasts 2015-2025 (Lower, Expected, Upper) ($m) Figure 5.27 German GSB “Expected” Market Share Forecast 2015, 2020 and 2025 (% Share) Figure 5.28 Non-hydro renewable capacity in Germany (GW) Figure 5.29 South Korean Grid Scale Battery Storage “Expected” Market Forecast 2015-2025 ($m, AGR %) Figure 5.30 German Grid Scale Battery Storage Market Scenario Forecasts 2015-2025 (Lower, Expected, Upper) ($m) Figure 5.31 South Korean GSB “Expected“ Market Share Forecast 2015, 2020 and 2025 (% hare) Figure 5.32 UK Grid Scale Battery Storage “Expected” Market Forecast 2015-2025 ($m, AGR %) Figure 5.33 UK Grid Scale Battery Storage Market Scenario Forecasts 2015-2025 (Lower, Expected, Upper) ($m) Figure 5.34 UK GSB “Expected” Market Share Forecast 2015, 2020 and 2025 (% Share) Figure 5.35 Rest of the World Grid Scale Battery Storage “Expected” Market Forecast 2015-2025 ($m, AGR %) Figure 5.36 Rest of World Grid Scale Battery Storage Market Scenario Forecasts 2015-2025 (Lower, Expected, Upper) ($m) Figure 5.37 Rest of the World GSB “Expected” Market Share Forecast 2015, 2020 and 2025 (% share) Figure 9.1 Global Grid Scale Battery Storage Market AGR 2015-2025 (%)
A123 Energy Solutions A123 Systems ABB Energy Storage AES Energy Storage Altair Nanotechnologies (Altairnano) American Electric Power (AEP) American Vanadium Aquion Energy Asahi Kasei Axion Power International Bloomberg New Energy Finance (BNEF) Brattle Group BrightSource Energy BYD China Southern Power Grid (CSG) Daewoo Deeya Energy Dow Kokam Duke Energy East Penn Manufacturing Ecoult EDF Energy Electrovaya Emerson Network Power Australia Endesa Enel EnerSys EnerVault Eos Energy Storage FIAMM First Wind Flextronics Furukawa Battery GE Energy Storage General Electric (GE) Gildemeister Energy Solutions Google Inc. GS Yuasa Hokkaido Electric Hudson Clean Energy Partners Imergy Korea Electric Power Corporation (KEPCO) Kuick Research KT LG LG Chem Mitsubishi Heavy Industries (MHI) Mitsubishi Materials National Grid NGK Insulators Nichicon Nissan NRG Energy Oncor Panasonic Power Grid Corporation of India Primus Power Prudent Energy Technology Ray Power Raytheon RedFlow Regenesys RES America S&C Electric Saft Saint-Gobain Samsung Corporation Samsung SDI Sanyo Electric Siemens SK Telecom SolarCity Sony South Plains Electric Cooperative (SPEC) Southern California Edison State Grid Corporation of China (SGCC) Sumitomo Electric Sun Edison SustainX Terna Terna Plus Tesla Motors Tesla Energy Tohoku Electric Tokyo Electric Power Company (TEPCO) Toshiba Toyota ViZn Energy Wanxiang Group Wemag Xcel Energy Xtreme Power Yokohama Dockyard & Machinery Works Younicos ZBB Energy
Other Organisations Mentioned in This Report Advanced Lead Acid Battery Consortium (ALABC) Advanced Research Projects Agency-Energy (ARPA-E) Australian Labor Party Australian Renewable Energy Agency (ARENA) California Energy Commission California Public Utilities Commission (CPUC) Centre for Renewable Energy Development (CRED) Centre for the Commercialization of Electric Technologies (CCET) China Electrical Power Research Institute (CEPRI) China Southern Power Grid Commonwealth Scientific and Industrial Research Organisation (CSIRO) Electric Reliability Council of Texas (ERCOT) Electric Vehicles Initiative (EVI) European Commission European Commission Joint Research Centre European Union Federal Association of Energy Storage (BVES) Fraunhofer Center for Energy Storage Fraunhofer Society German Federal Association of Energy and Water Industries (BDEW) Global Wind Energy Council (GWEC) Harvard Business School International Atomic Energy Agency (IAEA) International Energy Agency (IEA) Italian Ministry of Economy and Finances Japanese Ministry of Economy, Trade and Industry (METI) Korea Institute of Energy Research (KIER) Los Angeles Department of Water and Power (LADWP) Massachusetts Institute of Technology (MIT) New York Battery and Energy Storage Technology Consortium (NY-BEST) New York State Energy Research and Development Authority (NYSERDA) Organisation for Economic Co-operation and Development (OECD) Public Utilities Commission of Ohio (PUCO) Renewable Energy Policy Network for the 21st Century (REN21) Rutgers, The State University of New Jersey Sandia National Laboratories Seattle University South Korean Ministry of Knowledge Economy Texas Public Utilities Commission UK Department of Energy and Climate Change (DECC) UK Office of Gas and Electricity Markets (Ofgem) UK Technology Strategy Board (TSB) United Nations Framework Convention on Climate Change (UNFCCC) US Department of Energy (DOE) US Energy Information Administration (EIA) US Federal Energy Regulatory Commission (FERC) US Republican Party World Economic Forum
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