Energy Storage - June 19, 2017
Navigant: Hybrid advanced battery use on the rise
A new report from Navigant Research examines the global market for utility-scale and customer-sited hybrid energy storage systems, providing forecasts for power capacity, energy capacity, and revenue, segmented by region, technology, and market segment, through 2026.
The stationary energy storage industry is now exploring grid-scale hybrid energy storage systems, or HESSs, that integrate two or more energy storage technologies with complementary operating characteristics. These systems deliver power capacity, energy duration, and cycle life in a single system that is not achievable by any one energy storage technology, according to Navigant.
"Much of the growth of the HESS industry is expected to occur alongside the maturation of pure-play battery energy storage technology," Ian McClenny, a research analyst with Navigant Research said in a news release promoting the report's release. "The future of the HESS industry in global markets will be largely decided by customer and grid operator needs, evolving market structures to value flexible resources favorably, and the local utilities' views on new technology."
and give customers more efficient, cost effective options to service their needs, according to the report. The advantages to deploying HESSs over typical stationary ESSs include lower cost, increased system efficiency, increased system lifetime due to optimized operation, and the ability to do more and last longer with less overall storage capacity.
The report, Hybrid Advanced Battery Markets, analyzes the global market for utility-scale and customer-sited HESSs. The study examines the market drivers and barriers and technological trends affecting the deployment of HESSs around the world. Global forecasts for power capacity, energy capacity, and revenue, segmented by region, technology, and market segment, extend through 2026. The report focuses on current and future technologies in the HESS market, including battery-battery, battery-capacitor, and other hybrid systems.
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