Energy Storage For Renewable Energy Set To Total 45.1 GW In Next Decade
The market for energy storage systems for renewable energy integration is expected to reach 45.1 GW between 2015 to 2025, according to Navigant Research.
The new report from Navigant Research, Energy Storage for Renewables Integration, examines the market for energy storage systems for renewable energy integration (ESRI) — energy storage systems designed to mitigate somewhat the variability of renewable energy powerhouses like wind and solar, “By far the fastest-growing forms of renewable energy in the last several years.”
At present, the levels of wind and solar being fed into the grid are slight, and are not affecting the mechanics of a centralized electricity grid much. However, in years to come, as the percentage of wind and solar generating electricity into the grid increases, “serious issues regarding the grid’s stability can arise” — issues which can, in part, be solved by energy storage systems which help to level out the variability.
Unsurprisingly, therefore, Navigant Research predicts that the market for energy storage systems for renewable energy integration will increase rapidly over the next decade, and see installed new capacity at a total of 45.1 GW between 2015 to 2025.
“The business cases for ESRI will vary significantly depending on the geographic location, market structure, target customers, and type of renewable energy being integrated,” said Anissa Dehamna, principal research analyst with Navigant Research. “While this diversity presents challenges in the short term, there is enormous potential for companies able to make sense of this complexity and offer solutions that the market demands.”
In addition to the increase in need for energy storage systems to supplement renewable energy deployment, Navigant Research also highlighted the decreasing costs of advanced batteries. The authors note that “system costs are still one of the biggest barriers to the industry’s growth,” yet nevertheless, it is expected that declining prices will open up “new use cases and geographic markets.”
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When talking about storage can you specify the amount of storage. 45GW means nothing. Is that 45GW for 1 millisecond or for a year?
You are right. Surprising is that the report that is quoted here also uses the same nonsensical measure. One wonders what is then the value of the original report.
I would expect more critical thinking from a self-proclaimed nerd and geek.
I’m interested in both the amount of storage, and the power rating, cause it gives clues as to how it’s being used. Do you need 20 minutes to spin up a gas plant, or are you trying to shave the evening peak?
This is my pet hate. I’ve got a two D-cell alkaline batteries that can do 10kW of storage, when everyone knows that they do SFA.
Being less snarky, but granting the point, energy (what is stored e.g., in batteries) is measured in WattHours (kWh, gWh, etc.) Watts is a measure of (instantaneous) power delivery or consumption.
Sorry I wasn’t intending to be “snarky” My guess is the intent was 45GW hours which would then leave the question of what power is available. Really articles should specify the max power and total energy.
Sorry I wasn’t intending to be “snarky” My guess is the intent was 45GW hours which would then leave the question of what power is available. Really articles should specify the max power and total energy.
Sorry to label you! We are on common ground to encourage accurate use of units in the cleantech blogosphere.
Please use GJ or GWh.
Capacity is not measured in GW!
It really is not.
I really wish we measured all energy in Joules (coupled with the appropriate prefixes) and all power in Joules per second (J/s *not* W). It would make the nature of everything *so* much clearer to those who don’t have the time to be on top of all the world’s minutiae.
Good idea.
Now if I could get my power company to bill me in Joules ?
^^^^this
and we need to start now, before we stuff it up for everyone and in 100 years time people are still measuring things in inches.
is 45 GW for the USA or the whole world. I would imagine only the USA, but does anyone know?
From link given in article above:
“According to Navigant Research, global new installed energy storage systems for renewable energy integration (ESRI) power capacity is expected to grow from 196.2 MW in 2015 to 12.7 GW in 2025.”
This is per year as shown in the graph above. Total of 45.1 GW would be all those years added together, so we’re talking global, not just USA. May not seen like much, but has not really been very cost effective until very recently. Actually, the core technology is now fairly low-cost, but there is still a large mark-up on battery storage system costs. Very new market solution.
thanks for the response
Subject: Re: Comment on Energy Storage For Renewable Energy Set To Total 45.1 GW In Next Decade