The growing EV/HEV market and the growing market share of intermittent renewable energies (wind and solar PV) are currently reshaping for the stationary battery market, finds the market research and strategy consulting company, Yole Développement (Lyon, France).
The recent announcement of Tesla’s battery storage solution “Powerwall” confirms the trend towards a massive deployment of distributed stationary energy storage systems, Yole emphasizes.
“Automated, compact and simple to install, Tesla’s new solution, Powerwall offers independence from the utility grid and the security of an emergency backup”, explains Dr. Milan Rosina, Senior Analyst, Energy Conversion & Emerging Materials, at Yole.
“The growing of electric vehicle/hybrid electric vehicle (EV/HEV) market is currently reshaping for the stationary battery market”.
Development and deployment of existing and new energy storage technologies will lead to new business opportunities
Yole in June, 2015 released its new technology & market analysis entitled “Energy Management for Smart Grid, Cities and Building: Opportunities for Battery Electricity Storage Solutions”.
In this new report, Yole’s team confirms the impact of the EV/HEV market on the development and the deployment of the stationary battery electricity storage systems.
Rechargeable batteries are particularly suitable for distributed energy storage. Although using a battery as an energy storage solution is decades old, new battery technologies are still maturing and their future cost decrease is expected to significantly speed up the development and deployment of existing and new technologies and applications, thus leading to new business opportunities.
This strong driving force will result in a battery technology consolidation associated with decreasing market share for more mature battery technologies (lead acid, NiMH…), Yole finds. All energy storage technologies currently under development or already being commercially deployed have to face strong competition from Li-ion batteries that have the advantage of high energy density, high power density, high modularity, and decreasing costs.
More information is available here.
2015-06-05 | Courtesy: Yole Développement | solarserver.com © Heindl Server GmbH
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