If the energy storage sector rises will the transformer also rise

Are Transformers The new bottleneck of energy storage supply?

“While global battery supply eased in 2023, after experiencing tightness in supply the previous year, the limited supply of transformers has become the new bottleneck of the energy storage supply chain,” says Kevin Shang, a senior research analyst in Wood Mackenzie.

How will res' grid connection affect energy storage demand?

And the pressure of RES' grid connection will also force the acceleration of wind-solar energy storage. It is predicted that with the continuous development of smart grid and RES' grid connection, energy storage demand during the ''13th Five-Year'' will further arise and reach to 50 billion yuan in year 2020 .

Why are transformer prices so high?

Nowadays, the prices of transformers are more driven up by demand and the industry will have to pay whatever is needed,” Shang tells pv magazine. According to Shang, there is a minimum lead time of more than one year for transformers of all sizes.

How did energy storage grow in 2022 & 2023?

The US utility-scale storage sector saw tremendous growth over 2022 and 2023. In 2022, the volume of energy storage installations totaled 11,976 megawatt hours (MWh), which was surpassed in the first three quarters of 2023, reaching 13,518 MWh by cumulative volume.

Are transformer shortages affecting battery energy storage system integrators?

Transformer shortages are taking their toll on battery energy storage system (BESS) integrators, as competition in the market intensifies. The 300 MW/450 MWh Victorian Big Battery, in Geelong, is part of the gigawatt-scale portfolio of BESS assets developed, owned, and operated by French renewables giant Neoen. Photo: Victoria State Government

What is the key point of New Energy Micro Grid development?

Key point of new energy micro grid development is energy storage technology. Energy Storage Science and Technology 5; 2015. p. 486. Teng Yongxiao, Hanjing. The development and analysis of energy storage technology. Science & Technology Vision4; 2015. p. 153–86. Yu Zhenhua. Development status and future trend of energy storage industry.