Navigant makes ‘21.6GW by 2025’ annual grid-scale storage market prediction
Industry expectations and macro trends mean the 21.6GW figure is not unrealistic, Navigant argued. Image: Greensmith.
The power capacity of global installed front of the meter energy storage is expected to reach 21.6GW in 2025, according to a new report by Navigant Research, with one of the firm's analysts calling this exponential growth prediction "dramatic", but also realistic.
Considering current installed capacity for grid-scale energy storage is at 1.1GW, “21.6 GW of new capacity annually in 2025 represents a dramatic increase in the grid-scale storage industry," Alex Eller, Navigant Research analyst, told Energy-Storage.News.
"However, given industry expectations and other studies that have been published on the technology’s potential, these are not aggressive forecasts.”
As the need for energy storage systems to provide grid ancillary services such as frequency regulation and load following is increasing, utility-scale energy storage will continue breaking into the mainstream electricity market this year, due to a shift away from research & development (R&D) projects, to more mainstream commercial deployments.
For the full version of this story, visit Energy-Storage.News.
Energy Storage Summit Europe
The Energy Storage Summit, now in its 6th year is renowned for its quality, breadth and expertise, featuring an all-encompassing range of strategic and technical sessions on the adoption and deployment of storage. The Summit plays a pivotal role in the journey to propelling the industry into the next stage of its development, providing an unrivalled platform to develop the right partnerships and create business opportunities of all sizes. This eco-system event brings together the entire value chain including Utilities, Developers, EPCs, Investors, Manufacturers, Energy storage providers, local government and DNO’s making this one of the must–attend storage events for 2021.
Energy Storage Digital Series
The Energy Storage Digital Series provides the industry a platform from which to super-charge sales and marketing efforts at a time when travel and event interaction is restricted. Over the course of 5-days vital and exciting information will be broadcast live via our webinar system and recorded, plus pre-recorded webinars for you to view on-demand. Dedicated live and previous podcasts to listen to, resources and more content that you can download for free at a time that suits you.
Hear from industry experts on some of the leading issues such as ensuring health and safety for lithium ion installations and our cutting edge beyond lithium content showcasing some of the most exciting new technologies and chemistries coming to the fore.
Energy Storage Summit Latin America
The Energy Storage Latin America agenda provides the industry with an unrivaled opportunity to discuss how the region is set to unlock the full potential of energy storage, accelerate deployment and address the main regulatory and financing challenges. The Energy Storage Summit Latin America is the first event of its kind, designed with a clear goal to accelerate both dialogue and deployment of energy storage solutions. Hear from a world-class line up of industry speakers discussing: The changing market, Active and pending projects, Regulatory environment, Financing options and New storage technologies. This event is the only place where the entire energy storage value chain will be present. Enquire now and be part of an unparalleled platform enabling you to network and do business with: Government, Utilities, Developers, EPCs, Investors and more.
Also read...
-
COVID-19 outbreak sparks temporary delay for Portugal’s solar auction
-
Analysts: US energy storage gains 'nationwide foothold' amid hopes for rapid growth
-
FERC: US to see nearly 50GW of green energy additions in three years
-
New York rule sparks fresh row between Trump’s FERC and green energy reps
-
Enphase Energy revenue, shipments jump again in Q4 as firm readies coronavirus contingencies
Comments