With the influx of intermittent renewable power generation and the inability of aging power grids to manage variations in electricity supply and demand, limitations in the power grid are beginning to show. Leading utilities are increasingly turning to electrical storage to deal with these drawbacks and to prevent damaging power interruptions such as blackouts. However, choosing an appropriate grid-scale storage system is a complex issue, and utilities, corporations, and investors are struggling to understand which technologies make economic sense. In this report, we offer a framework to understand a variety of possible deployment strategies and explain the advantages and disadvantages of multiple storage technologies. Using this information, we model six grid-storage deployment scenarios across three representative regions and analyze the economics of each scenario. Informed by the results of this model, we size and forecast the grid storage market, which will grow from $460 million today to $1.4 billion in 2015.
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