According to a new report from Navigant Research, more than 11GW of compressed air energy storage (CAES) capacity will be installed worldwide from 2013 to 2023. Growth in the sector will partly be driven by advances in isothermal, or adiabatic, CAES, which can be sited anywhere and conveniently scaled using modular units, says Navigant.
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Alstom, reportedly the world’s leading energy storage company, recently inaugurated a Smart Grid Excellence Centre in Montpellier, France. Photo credit: Alstom
Alstom, Voith and Gridflex have half the energy storage market. Well, 48% of the world’s total storage capacity to be precise, says Navigant Research, and that’s from what it describes as the “measureable market”. According to the company’s Energy Storage Tracker 3Q13, Alstom has 19%, Voith 16% and Gridflex Power 13%.
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15 Hyundai ix35 hydrogen fuel cell vehicles have recently become part of the municipal fleet in Copenhagen, Denmark. Photo credit: Hyundai
Our contention that the US is playing catch-up on hydrogen in comparison with Europe seems to be validated by a report from Navigant Research.
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Energy storage for ancillary services will surpass USD$3.8bn in annual revenue by 2023, forecasts Navigant Research. Ancillary services, such as frequency regulation and voltage support, are required to maintain safe, reliable and secure transmission of electricity on the grid. As the technical need for ancillary services grows over the next 10 years, the corresponding demand for energy storage systems that support these services will grow as well.
Many new microgrid projects are still under the radar and many local projects originate organically without official designations or titles, making them very hard to track, according to a new report from Navigant Research. As a sector, however, microgrids are beginning to move into the mainstream, with a greater focus being placed on viable business models.
More than 480 microgrid projects are proposed, planned, under construction, or operating worldwide, representing nearly 3.8GW of capacity. The report, Microgrid Deployment Tracker 2Q13, details the rated capacity, duration and types of energy storage for each project.