Energy storage industry trends in the next 10 years

What are the top 5 energy storage innovation trends?

Authored By: Vipin Singh, Market Research Edited By: Nidhi, Marketing The top 5 energy storage innovation trends are Solid State Batteries, Smart Grids, Virtual Power Plants, Hybrid energy storage, and LDES.

What are energy storage trends & startups?

The Energy Storage Trends & Startups report highlights top trends such as lithium alternatives, hydrogen economy, and supercapacitors, among others, that will transform the energy storage sector by 2025.

What are the trends in energy storage solutions?

Currently, the energy storage sector is focusing on improving energy consumption capacities to ensure stable and economic power system operations. Broadly, trends in energy storage solutions can be categorized into three concepts:

How did the energy storage industry perform in 2018?

The ESS industry in 2017 had a record year in terms of mergers and acquisitions, with utility and energy companies such as Enel and BP making big purchases. In 2018, this trend continues to grow. VC funding for Energy Storage companies in 1H 2018 was 12 percent higher with $539 million compared to the $480 million raised in 1H 2017.

Why are energy storage technologies becoming more popular?

Due to the limitations of lithium batteries, such as low recyclability and rechargeability, alternate forms of batteries like redox and solid-state are rising in popularity. Additionally, innovative thermal and hydrogen storage technologies are reducing the carbon footprint of the energy storage industry.

Which companies are leading the energy storage industry?

Samsung SDI’s joint venture with an inverter manufacturer Sungrow in 2016 has further solidified the Korean company’s top position with 38% market share in the sector, while Tesla announced big plans for energy storage in the latest conference call ( such as the 1GWh ESS project in Australia ).