WHERE THE ENERGY STORAGE BOOM IS

Energy Storage Tracker 1Q15; Global Energy Storage Installations: Market Share Data, Industry Trends, Market Analysis, and Project Tracking by World Region, Technology, Application, and Market Segment

1Q 2015 (Navigant Research)

“2014 was a major year for the global energy storage industry, with some of the largest single contracts in history awarded to leading storage companies. Driven primarily by regulatory mandates in the United States, Europe, and Asia Pacific…[b]attery and other system component costs have been falling rapidly, allowing energy storage to become an economical alternative to traditional power generation for certain applications…Lithium ion (Li-ion)-based energy storage systems continue to gain popularity…Large-scale manufacturing facilities and a healthy competitive environment are driving down the cost of Li-ion cells for stationary energy storage applications. Navigant Research estimates 696.7 MW of energy storage projects have been announced in the 2014–2015 period (excluding pumped storage). North America represents the majority of new project announcements with 436.4 MW; California accounts for nearly half of this announced capacity. Asia Pacific and Western Europe are the next leading regions, with 165.1 MW and 95.2 MW of new projects announced, respectively…” click here for more

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