The most competitive in the energy storage field

Are energy-storage systems dropping too fast for inefficient players to hide?

The authors wish to thank Jesse Noffsinger, Matt Rogers, Frederic Saggini, Giulia Siccardo, Willem van Schalkwyk, and Amy Wagner for their contributions to this article. The costs of energy-storage systems are dropping too fast for inefficient players to hide.

Will energy-storage companies win big?

As the market evolves, we expect a relatively small set of energy-storage companies to win big, taking share away from less cost-effective rivals. In this article, we look at how the cost profile of energy-storage systems is changing and what companies in the sector can do to boost their chances of success.

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.

What will the energy storage industry look like in East Asia & Pacific?

Additionally, in many of these areas the industry is likely to adopt a more distributed approach to grid development, using more local power generation and microgrid systems. We expect that the largest energy storage market in the East Asia & Pacific region will be China.

What makes a good energy storage project?

key aspect of any energy storage project is trust that the system will deliver expected value and savings, thus unlocking affordable financing. In the Minster project, the performance of the battery was guaranteed through a warranty from LG Chem, a well-established and reputable vendor.

Are advanced energy storage systems expensive?

However, the development of advanced energy storage systems (ESS) has been highly concentrated in select markets, primarily in regions with highly developed economies. Despite rapidly falling costs, ESSs remain expensive and the significant upfront investment required is difficult to overcome without government support and/or low-cost financing.