Analysis of energy storage demand prospects

What is the future of energy storage?

Chart 3.1 provides forecasts for new energy storage capacity and revenue for each of the six major developing regions identified in this report. The development of distributed and local energy resources, including renewables and energy storage, can provide significant economic growth, jobs, and a sustainable energy future in emerging markets.

What are the challenges in energy storage?

There are also challenges in materials synthesis , battery safety , and other aspects that require more personnel and time to solve related problems. Overall, mechanical energy storage, electrochemical energy storage, and chemical energy storage have an earlier start, but the development situation is not the same.

Why is energy storage research important?

It helps the academic and business communities understand the research trends and evolutionary trajectories of different energy storage technologies from a global perspective and provides reference for stakeholders in their layout and selection of energy storage technologies.

Can emerging markets benefit from energy storage?

In emerging markets around the world, there is only limited experience with energy storage, yet vast potentials exist to benefit from the technology. Many of these markets share similar energy market dynamics and needs for new resources.

Can energy storage technologies help drive development in emerging economies?

Energy storage technologies hold significant potential to help drive development in emerging economies by improving the quality of the electricity supply and facilitating the effective integration of renewable energy.

Are distributed energy storage deployments slow growing?

As shown in Chart 3.6, deployments of distributed (behind-the-meter) energy storage are expected to be slow growing, and limited overall in the coming decade. While the region does have a less reliable grid compared to developed regions, there have been to date limited deployments of distributed