Legality of commercial and industrial energy storage

How are policy initiatives promoting energy storage?

Policy initiatives are fostering the integration of source network, load and storage systems. New energy storage solutions on the user-side are being encouraged to adapt flexibly. Support for industrial and commercial energy storage has been bolstered by policies, as highlighted in the Blue Book on the Development of New Electric Power Systems.

What drives the development of industrial and commercial energy storage?

Policy, economics, and energy security are driving the accelerated development of industrial and commercial energy storage. Policy initiatives are fostering the integration of source network, load and storage systems. New energy storage solutions on the user-side are being encouraged to adapt flexibly.

What is the growth rate of industrial energy storage?

The majority of the growth is due to forklifts (8% CAGR). UPS and data centers show moderate growth (4% CAGR) and telecom backup battery demand shows the lowest growth level (2% CAGR) through 2030. Figure 8. Projected global industrial energy storage deployments by application

Is integrated energy storage (IESS) adoption accelerating?

The rate of advancement for new supply-side products is accelerating, projecting an uptick in IESS adoption. Integrated industrial and commercial energy storage products are set to incorporate both AC and DC systems, streamlining components such as DC cables and switches, thereby reducing overall product costs.

Is thermal storage viable?

Thermal storage can be viable for long-duration needs of both industrial processes and for the grid. It will likely remain focused on thermal-to-thermal cycles, but not thermal-to-electrical cycles, due to increased capital costs and efficiency issues for the electrical conversion.

Where will stationary energy storage be available in 2030?

The largest markets for stationary energy storage in 2030 are projected to be in North America (41.1 GWh), China (32.6 GWh), and Europe (31.2 GWh). Excluding China, Japan (2.3 GWh) and South Korea (1.2 GWh) comprise a large part of the rest of the Asian market.