Report on the latest progress of chemical energy storage

What is chemical energy storage technologies (CEST)?

oyment of chemical energy storage technologies (CEST). In the context of this report, CEST is defined as energy storage through the conversion of electric ty to hydrogen or other chemicals and synthetic fuels. On the basis of an analysis of the H2020 project portfolio and funding distribution, the report maps re

How many electrochemical storage stations are there in 2022?

In 2022, 194 electrochemical storage stations were put into operation, with a total stored energy of 7.9GWh. These accounted for 60.2% of the total energy stored by stations in operation, a year-on-year increase of 176% (Figure 4).

Why are energy storage technologies important?

They are also strategically important for international competition. KPMG China and the Electric Transportation & Energy Storage Association of the China Electricity Council (‘CEC’) released the New Energy Storage Technologies Empower Energy Transition report at the 2023 China International Energy Storage Conference.

What is chemical energy storage?

Chemical energy storage mainly includes hydrogen storage and natural gas storage. In hydrogen storage, hydrogen is produced through direct or electrolytic methods, with electrolysis of water being a common method. The energy required for this process also needs to be provided by other fossil fuels or RE sources [39, 40].

Will research on electrochemical storage reach its peak?

The publication volume of electrochemical storage has been exponentially increasing, indicating that research on electrochemical storage may reach its peak and enter a stable development phase in the near future.

How big will electrochemical energy storage be by 2027?

Based on CNESA’s projections, the global installed capacity of electrochemical energy storage will reach 1138.9GWh by 2027, with a CAGR of 61% between 2021 and 2027, which is twice as high as that of the energy storage industry as a whole (Figure 3).