Stationary battery energy storage solutions
Energy Management for Smart Grid, Cities and Buildings: Opportunities for battery electricity storage solutions
The growing EV/HEV market and the growing market share of intermittent renewable energies (wind, PV) are currently reshaping for stationary battery market.
How will stationary battery energy storage speed up the energy transition currently underway and will create a $13 billion opportunity for storage by 2023?
The recent announcement about Tesla battery storage solution confirms the trends towards massive deployment of distributed stationary storage systems.
Energy storage plays an important role in the energy transition currently underway in all major electricity markets. Decentralization of electricity sources has become possible because of improving technologies and falling costs for renewable energy installations and energy storage solutions. Decentralization and increased deployment of renewable sources have sustainable drivers: access to clean energy, CO2 emission reduction, nuclear hazard reduction, energy independence, clean mobility, and local energy production to decrease transmission and distribution losses. Traditional business models based on centralized energy supply are becoming obsolete. New energy management solutions and business models have to be developed. As shown in the report, the growing market share of intermittent renewable energies (wind, photovoltaics) in electricity generation reveals a strong interest in stationary battery energy storage systems. Recent cases in China (wind generators curtailment), Japan, and some European countries (grid stability issues due to the large percentage of intermittent renewable electricity) have shown that the further deployment of renewable energy sources in many areas of the world will require electricity grid upgrades, larger deployment of suitable energy storage systems, and development of suitable energy management solutions.
Energy management is key for the development of new technologies for a better world with smart cities, smart buildings, clean energy sources, and clean mobility, etc. Most of these technology solutions are interlinked...