2018 energy storage industry

What is the growth rate of industrial energy storage?

The majority of the growth is due to forklifts (8% CAGR). UPS and data centers show moderate growth (4% CAGR) and telecom backup battery demand shows the lowest growth level (2% CAGR) through 2030. Figure 8. Projected global industrial energy storage deployments by application

Where will new energy storage project construction take place in 2018?

According to the CNESA research department’s domestic energy storage market tracking, the first half of 2018 saw the announcement of new energy storage project construction in Jiangsu, Henan, Qinghai, and Guangdong provinces.

What are the different types of energy storage technologies?

This report covers the following energy storage technologies: lithium-ion batteries, lead–acid batteries, pumped-storage hydropower, compressed-air energy storage, redox flow batteries, hydrogen, building thermal energy storage, and select long-duration energy storage technologies.

Where will stationary energy storage be available in 2030?

The largest markets for stationary energy storage in 2030 are projected to be in North America (41.1 GWh), China (32.6 GWh), and Europe (31.2 GWh). Excluding China, Japan (2.3 GWh) and South Korea (1.2 GWh) comprise a large part of the rest of the Asian market.

Which energy storage technologies are being used in Canada?

Storage projects in the four provinces above have been noteworthy for their harnessing of a variety of energy storage technologies, including lithium ion batteries, lithium iron phosphate batteries, lead carbon batteries, vanadium flow batteries, and zinc bromine flow batteries.

Is energy storage the future of utility regulation?

Recently, GTM Research reported energy storage as one of the top ten utility regulation trends in the United States in 2018. It reported that energy storage is increasingly being recognized as a valuable and necessary asset for a 21 st century grid.