#1 cleantech news, reviews, & analysis site in world. Support our work today. The future is now.


Energy Storage no image

Published on January 19th, 2016 | by Joshua S Hill

20

Global Energy Storage Pipeline Increases 45% In Q4’15: IHS

January 19th, 2016 by  


A slew of factors have resulted in the global energy storage pipeline increasing by 45% in the fourth quarter of 2015, according to new figures published by IHS.

According to analytics company IHS, battery cost reductions, government funding programs, and utility tenders all contributed to a 45% increase in the global energy storage pipeline in Q4’15, with the pipeline of planned battery projects and flywheel projects reaching 1.6 GW.

“Continued battery cost reduction, government funding programs and utility tenders have helped spark a notable acceleration in the global energy storage market, and IHS recorded an increase of nearly 400 megawatts in the global pipeline during the final quarter of 2015,” said Marianne Boust, principal analyst for IHS Technology. “Suppliers and developers around the world are preparing for a record year in 2016, with significant growth projected in a wide range of regions and market segments.”

IHS-19

With several large-scale projects being announced towards the end of 2015, IHS has concluded that the energy storage industry is now “shifting from research-and-development demonstration projects to commercially viable projects.” Included in these large-scale projects was a 90 MW order placed by STEAG to be built in Germany, and 75 MW worth of contracts awarded to American PG&E.

These projects compare favorably to the more common type of project announcement we have seen over the last few years, which more often than not have dealt in kW’s rather than MW’s. Many experts believe that energy storage will be an integral component of the shift towards renewable energy integration into our electricity grids, and IHS’s numbers seem to suggest we are on our way towards commercial operation of larger and more robust energy storage systems. 
 
Follow CleanTechnica on Google News.
It will make you happy & help you live in peace for the rest of your life.

Home Efficiency




Tags: , , , ,


About the Author

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.



Back to Top ↑