Navigant Research report shows 10 countries are expected to account for approximately 80% of the annual market utility-scale energy storage in 2019.
A recent report frrom Navigant Research Forecasts for Utility-Scale Energy Storage, provides forecasts for utility-scale energy storage systems (ESSs) deployed globally in terms of power capacity (megawatts), energy capacity (megawatt-hours), and revenue generated from the development of new projects in 26 countries worldwide.
These forecasts cover systems providing all major utility-scale energy storage services and applications. Forecasts include the most common technologies for utility-scale energy storage including electrochemical (batteries) and electromechanical (pumped hydro, compressed air, flywheels, and so forth) technologies for 2019 to 2028.
With the emergence of new markets and applications, 2018 represented the largest year on record for new ESS capacity. Despite this growth, however, the market remains concentrated in a relatively small number of countries with the right policies, market structures, regulations, and renewable energy deployments. According to the report, it is expected that 10 countries will account for 1242.1 MW of new capacity, or approximately 80% of the global market in 2019. These countries include the United States, France, Germany, the United Kingdom, Australia, China, India, Japan, South Korea, and Brazil.
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06 September 2019