Advanced Energy Storage Market, 2024 – Product Launches, Recent Industry Activity, Key Players

DUBLIN: The “Advanced Energy Storage: Global Market Analysis, Trends, and Forecasts”report has been added to ResearchAndMarkets.com’s offering.

This report provides separate comprehensive analytics for the US, Western Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2015 through 2024. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report analyzes the worldwide markets for Advanced Energy Storage in terms of installed capacity (in Megawatts). 

The report profiles 94 companies including many key and niche players such as: 

• ABB Ltd. (India)
• Active Power, Inc. (USA)
• AES Energy Storage, LLC (USA)
• Alevo Group S.A. (Switzerland)
• Altair Nanotechnologies, Inc. (Canada)
• Amber Kinetics, Inc. (USA)
• Areva (France)
• Ashlawn Energy, LLC (USA)
• Axion Power International, Inc. (USA)
• Beacon Power, LLC (USA)
• BYD Co. Ltd. (China)
• Calnetix Technologies, LLC (USA)
• ECOULT (Australia)
• Electrochaea GmbH (Germany)
• Encell Technology, Inc. (USA)
• EnSync Energy Systems, Inc. (USA)
• Exide Technologies (USA)
• General Electric Company (USA)
• Gridflex Energy, LLC (USA)
• Highview Enterprises Ltd. (UK)
• Hitachi, Ltd. (Japan)
• Hyper Tech Research, Inc. (USA)
• IMS group AS (Norway)
• ITM Power Plc (UK)
• Kokam co., Ltd (Korea)
• Leclanch SA (Switzerland)
• LG Chem (Korea)
• LightSail Energy (USA)
• Maxwell Technologies, Inc. (USA)
• McPhy Energy S.A. (France)
• NEC Energy Solutions (Japan)
• NGK Insulators, Ltd. (Japan)
• Proton OnSite (USA)
• Redflow Limited (Australia)
• Saft Groupe S.A. (France)
• Samsung SDI Co., Ltd. (South Korea)
• Siemens AG (Germany)
• Dresser-Rand Group, Inc. (USA)
• Temporal Power (Canada)
• Tesla, Inc. (USA)
• Tianjin Lishen Battery Co., Ltd. (China)
• Toshiba International Corporation (USA)
• ViZn Energy Systems, Inc. (USA)

Key Topics Covered:

1. INDUSTRY OVERVIEW 
Rising Share of Intermittent Sources of Energy in Utility Energy Generation Portfolio: The Cornerstone for the Growth of Utility Grade Advanced Energy Storage Technologies 
Review of Renewable Energy Projects Undertaken Worldwide and Regulations Supporting Renewable Electricity-to-Grid Integration 
Declining Cost of Wind and Solar Power Make Renewables an Important Part of Utility Energy Portfolio 
Escalating Climate Change Adds Urgency to the Renewable Energy Revolution Underway in the Global Economy 
How the Renewable Energy Boom Benefits Advanced Energy Storage Technologies 
Despite Declines in Renewable Investments, Outlook for Advanced Energy Storage Remains Bright 
Prolonged Softness in Oil Prices: What It Means for Renewable-to-Grid Integration 
Although Lower Than Pre-Recession Levels, World Demand for Energy Will Remain a Key Driver of Growth 
Major Market Trends and Drivers 
Rising Investments in Energy Storage Projects Bodes Well for the Growth of Advanced Energy Storage Technologies 
Aging Energy Infrastructure Drives Opportunities for Energy Storage as a Method of Modernizing Energy Grids 
Are Batteries Ready for Mass Commercialization in Grid-Level Energy Storage? 
Value Stacking: A Vital Product Development & Design Strategy to Counter the High CAPEX of Battery Energy Storage Technologies 
Lithium Ion (Li-ion) Batteries: The Leader in Utility-Scale Applications 
Price of Li-ion Batteries Fall, But Not at the Rate Required for Mass Adoption 
Robust Surge in Solar and Wind Farms Throws the Focus Squarely on Grid Stability 
Energy Storage Assets Remain Vital Towards Enhancing the Operation of Smart Grids 
Flywheel Systems Emerge as a Reasonable Alternative to Batteries Uniquely Suited to Utility-Scale Applications 
Large Capacity Sodium Sulfur Battery Grow in Prominence as a Promising Clean Energy Technology 
CAES Systems to Offer Utility Grids Cost-Effective Bulk Storage 
LAES Promises Environmentally Neutral Grid Scale Energy Storage without Geographical Constraints 
SMES: A Promising Advanced Energy Storage Technology 
Hydrogen Storage Offers Seamless Integration of Wind and Solar Energy into the Grid 
Continuous Innovations Push a Bevy of Exciting Storage Technologies Closer to Commercialization 
Market Outlook 

2. PRODUCT OVERVIEW 
Advanced Energy Storage: Definition 
Types of Renewable Energy Storage Technologies 
Overview of Currently Available Energy Storage Technologies 
Various Energy Storage Technologies: Key Advantages & Disadvantages 
Short-Term Renewable Energy Storage Technologies 
Supercapacitor Energy Storage 
Flywheel Energy Storage 
Superconducting Magnetic Energy Storage 
Long-Term Renewable Energy Storage Technologies 
Pumped Hydroelectric Energy Storage 
Compressed Air Energy Storage 
Battery Energy Storage 
Characteristics of Select Battery Technology Types 
Hydrogen Energy Storage 
SWOT Analysis of Different Long-Term Renewable Energy Storage Technologies 
Government Intervention Critical to Widespread Adoption 
Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries 
Significance of Renewable Energy Storage 
Minimizing Energy Costs 
Ensuring Reliable Supply of Energy 
Increasing Energy Autonomy 
Renewable Energy: A Primer 
An Introduction 
Renewable Energy: A Definition 
Benefits of Renewable Energy 
Environmental Benefits 
Economic Benefits 
Energy Security 
Sources of Renewable Energy 
Solar Energy 
Power Tower Systems 
Parabolic-Trough Systems 
Dish/Engine Systems 
Wind Energy 
Geothermal Energy 
Binary Cycle Power Plants 
Flash Steam Power Plants 
Dry Steam Power Plants 
Hydroelectric Power 
Bioenergy 
Hydrogen and Fuel Cells 
Ocean Energy 
Ocean Mechanical Energy 
Ocean Thermal Energy 
Disadvantages of Renewable Energy 
Disadvantages of Solar Energy 
Disadvantages of Wind Energy 
Disadvantages of Geothermal Energy 
Disadvantages of Hydroelectric Energy 
Disadvantages of Ocean Energy 
Energy Storage Technology Advancements 
Rice University Announces Molybdenum Disulfide Breakthrough 
Researchers at MIT Upgrade Proposed Liquid Battery System 
Alevo Develops Innovative, High-Efficiency Energy Storage System
Nanotechnology: The Future of Energy Storage? 
Nanotubular Bulk Material with Ultra-Low Density for Energy Storage Applications 
Compressed Air Energy Storage Systems that Eliminate/Reduce Use of Fossil Fuels 
Affordable Batteries with High Durability and Advanced Chemical Compositions 
Hydrogen Electrolysis: A Potential Laden Energy Storage Solution
Aquion Energy Develops New Battery for Microgrids 

3. PRODUCT LAUNCHES/INTRODUCTIONS 
Samsung SDI Launches High-Performance Batteries 
Wrtsil Launches Advanced Energy Storage Solutions in India 
BYD Launches MINI-ES, B-Box and Containerized ES 
Flex Launches Renewable Advanced BESS 
Adara Launches Adara Pulse for Residential Sector 
Samsung SDI Releases High-capacity and High-power ESS Batteries Range 
NEC Unveils DSS Distributed ES Platform 
AEG Develops Hybrid Energy Storage System 
Caterpillar Launches Cat Microgrid Technology 
JLM Launches Energizr 200, Grid Synergistic Residential ESS 
UET Announces Commercial Availability of ReFlex ESS 

4. RECENT INDUSTRY ACTIVITY 
Schneider Electric Signs MoU with NGK INSULATORS 
Toshiba Collaborates with NRG Energy 
Greensmith Inks Partnership Deal with AEP to Install 4MW ESS 
Cummins to Acquire Assets of Brammo 
NEC Announces Dale as Its First Qualified DSS Partner in the UK 
BYD Receives Contract to Supply 170-MW Solar Modules 
NEC Receives Contract for Supply of GSS to EKZ 
Southern Company Initiates Battery Storage Research Project 
AES Forms a Joint Venture with Siemens AG 
CCL Acquires Firefly Solar Generators 
CalCom Sets Up New Energy Storage Business Unit 
NEC Chile & NEC Energy Bags Contract for Supply of 2 MW ESS 
Maxwell Acquires Assets of Nesscap Energy 
NEC and Enspire to Build Large-Scale ESS in Germany 
NEC and VLC Sign Contract to Build and Operate ES Projects 
Ecoult Forms Partnership with Exide 
Ecoult Receives Funds from ARENA for Renewable ES Development 
Piller USA Changes its Name to Piller Power Systems Inc. 
Piller Power Acquires Active Power 
Temporal Power Collaborates with Danfoss 
NEC Bags a Contract to Supply Plug-AndPlay Battery Grid ESS 
Saft Obtains Approval for Seanergy Marine ESS 
NEC to Supply 2 MW, 3.9MWh GSS Grid ESS to SMLD 
Powin Corp. Merges with Powin Energy 
BYD Collaborates with GoodWe Power 
Maxwell Collaborates with CRRC-SRI for Developing Advanced ESS 
NEC Energy to Supply 1.2MWh GBS Battery ESS to Smart Power 
Hydrogenics and Phraram Receive Hybrid Project from EGAT 
Total to Acquire Saft Group 
Convergent and Temporal Ink Agreement to install 5 MW Flywheel ESS 
Panasonic and AES to Construct 10MW ES Array in India 
NEC Installs GSS Large-Scale ESS in Japan 
Sonnedix Solar Commissions First Grid-Scale ESS Project 
Corvus Energy Inks Multi-Year Agreement with LG Chem 
Saft Forms New Subsidiary, Saft Japan Kabushiki Kaisha 
BHTEPCT Selects Maxwell’s Ultracapacitors for Wind Farm ES Project 

5. PLAYERS IN THE ADVANCED ENERGY STORAGE ECOSYSTEM 

6. GLOBAL MARKET PERSPECTIVE 

Total Companies Profiled: 94 (including Divisions/Subsidiaries 102)

• The United States (56)
• Canada (6)
• Japan (5)
• Europe (25)
  • France (5)
  • Germany (6)
  • The United Kingdom (6)
  • Italy (1)
  • Rest of Europe (7)
• Asia-Pacific (Excluding Japan) (9)
• Latin America (1)

For more information about this report visit https://www.researchandmarkets.com/r/7w4smv

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Source: Research and Markets