2017 energy storage

Will energy storage grow by 2020?

According to CNESA’s 2017 white paper, electrochemical energy storage installed capacity is expected to grow to 2 GW by 2020, while molten salt and compressed air storage are expected to reach 1.8 GW and 148 MW, respectively. Increased policy support for energy storage will ensure these predictions become reality.

How much do electric energy storage technologies cost?

Here, we project future prices for 11 electrical energy storage technologies. We find that, regardless of technology, capital costs are on a trajectory towards US$340 ± 60 kWh−1 for installed stationary systems and US$175 ± 25 kWh−1 for battery packs once 1 TWh of capacity is installed for each technology.

What is the cost range for maturing energy storage technologies?

Maturing energy storage technologies cost between US$300 and US$3,000 kWh −1. According to this simplified categorization, emerging technologies cost above US$600 kWh −1 and mature technologies below US$500 kWh −1.

How can battery storage help lower energy costs?

Battery storage can help reduce energy costs by enabling cost-effective low-carbon electricity. Policies that promote market growth and innovation in battery storage can complement cost reductions across various clean energy technologies.

When did China release its first guiding-policy for energy storage?

On October 11, 2017, China released its first national-level guiding-policy document covering energy storage.

How battery-based energy storage is transforming our lifestyle?

They are being integrated into smart electronics, textiles, the Internet of Things, and electric vehicles, transforming our lifestyle. Large-scale battery-based energy storage is helping to improve the intermittency problems with renewable energy sources such as solar, wind and waves.