At the same time, developments over the last ten to twenty years have brought a range of new storage technologies to the brink of commercialization. However, commercial projects are in short supply.
The Future of Electrical Energy Storage is a new management report analyses the future of electrical energy storage and how the advancing use of renewable energy, particularly wind energy, will change the perception of storage and lead to significant increase it its use.
Understand the key drivers and resistors of electrical energy storage and its impact on the landscape with the help of this new report.
Some key findings from this report:
There is just 90 GW of electricity storage capacity in operation – around 3% of global capacity, which is much lower than in other energy industries.
As an emerging group of technologies, estimates on the cost of electrical energy storage vary widely, on average by more than 100% and typically much higher in battery technologies.
Capacitors are the most efficient of the existing electrical energy storage technologies with a round trip efficiency of >95%, while hydrogen storage is, by a large margin, the least efficient technology.
The US and Japan are the global leaders in large scale pumped storage hydropower plants with 9 and 12 plants respectively, compared to just 1 each in the UK, France and Australia.
Based on an analysis of fixed and variable costs, batteries are currently the most expensive technologies – a key limiting factor compared to more mature alternatives such as pumped storage hydropower.
This new report will enable you to:
Identify the leading technologies for electrical energy storage, their development status and application with this report’s in-depth analysis of the 7 leading electrical energy technologies (Pumped-storage hydropower, compressed air energy storage, batteries, flywheels, hydrogen storage, capacitors and superconducting magnetic energy storage), their development and future application.
Compare the cost of different electrical energy storage technologies in terms of capital, fixed and variable costs from data found in this report.
Understand the economics of electrical energy storage and the key factors that will drive economic competitiveness of each technology.
Assess the future potential for energy storage and the role of growing renewable energy capacity as a market driver.