This report analyzes the worldwide markets for Advanced Energy Storage in Megawatts. The report provides separate comprehensive analytics for the US, Western Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2014 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 85 companies including many key and niche players such as -
Active Power, Inc.
Altair Nanotechnologies, Inc.
Amber Kinetics, Inc.
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TABLE OF CONTENTS
I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS Study Reliability and Reporting Limitations I-1 Disclaimers I-2 Data Interpretation & Reporting Level I-2 Quantitative Techniques & Analytics I-2 Product Definitions and Scope of Study I-3 II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW II-1 A Prelude II-1 The Inevitable Shift to Renewable Sources of Energy II-3 Advanced Energy Storage: A Game Changer for Renewable Energy? II-3 Overview of Currently Available Energy Storage Technologies II-4 Energy Storage Technologies: Key Features Comparison for PHS, CAES, Flywheel, NaS Battery, Li-ion Battery, Flow Battery, Supercapacitor, SMES, Molten Salt, Hydrogen, and SNG Technology II-5 Various Energy Storage Technologies: Key Advantages & Disadvantages II-6 Table 1: World Operational Energy Storage (in GW) by Technology: 2010, 2012, & 2014E (includes corresponding Graph/Chart) II-7 Government Intervention Critical to Widespread Adoption II-7 Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries II-8 Economic Scenario in the U.S & Europe and Its Impact in the Recent Past II-8 Fiscal Cliff & Sequestration Cuts in the US Slows Down the Market in 2012 & 2013 II-8 Impact of the European Debt Crisis on the Energy Storage Market in 2012 & 2013 II-9 Table 2: European Energy Market by Category (2013): Percentage Share Breakdown of Energy Production for Crude Oil, Natural Gas, Nuclear Energy, Renewable Energy, Solid Fuels, and Others (includes corresponding Graph/Chart) II-9 Table 3: European Renewable Energy Market by Type (2012): Percentage Share Breakdown of Energy Production for Biomass & Waste, Geothermal Energy, Hydropower, Solar Energy, and Wind Energy (includes corresponding Graph/Chart) II-10 Improvement in Global GDP Encourages an Optimistic Outlook for 2014 & Beyond II-10 Table 4: World GDP (2012-2015): Percentage GDP Growth for Select Countries (includes corresponding Graph/Chart) II-12 Global Outlook II-12 2. MARKET TRENDS, ISSUES & DRIVERS II-14 Increasing Focus on Renewable Energy: A Strong Growth Driver II-14 Leading Wind Power Countries Worldwide (2013): Ranking Based on Key Wind Power Facts II-15 Opportunity Indicators II-16 Table 5: Global Investments (US$ Billion) in Renewable Energy by Source: 2013 (includes corresponding Graph/Chart) II-16 Table 6: Global PV Installations by Applications (2014E & 2016F): Percentage Share Breakdown of Capacity Installations for Commercial, Off-Grid, Residential, and Utility-Scale (includes corresponding Graph/Chart) II-16 Table 7: International Targets for Solar Photovoltaics for Select Countries II-17 Table 8: World Installed Base of Wind Energy (in Megawatts) by Geographic Region: 2013, 2015E & 2017F (includes corresponding Graph/Chart) II-17 Table 9: Leading Countries in Wind Power Electricity Production Worldwide (2012): Breakdown of Electricity Production in TWh (Terawatt-hours) for Top Ten Countries (includes corresponding Graph/Chart) II-18 Energy Storage Technology Advancements: Spearheading Growth II-19 Rice University Announces Molybdenum Disulfide Breakthrough II-20 Researchers at MIT Upgrade Proposed Liquid Battery System II-20 Alevo Develops Innovative, High-Efficiency Energy Storage System II-21 Nanotechnology: The Future of Energy Storage? II-21 Nanotubular Bulk Material with Ultra-Low Density for Energy Storage Applications II-21 Compressed Air Energy Storage Systems that Eliminate/Reduce Use of Fossil Fuels II-22 Affordable Batteries with High Durability and Advanced Chemical Compositions II-22 Hydrogen Electrolysis: A Potential Laden Energy Storage Solution II-23 Surge in Energy Storage Projects Benefits Demand II-23 Table 10: Number of Energy Storage Projects by Country: 2014 (includes corresponding Graph/Chart) II-24 Table 11: Worldwide Pumped Hydro Energy Storage Projects by Region and Countries (2012) (includes corresponding Graph/Chart) II-25 Lithium-ion: The Dominant Energy Storage Battery Technology II-26 Table 12: Global Market for Li-ion Battery by End-Use (2014E & 2019F): Percentage Share Breakdown of Volume Usage for Automotive, Consumer, Grid/Renewable Energy Storage, and Industrial Sectors (includes corresponding Graph/Chart) II-26 Table 13: Leading Energy Storage Technologies by Type (2013): Percentage Share Breakdown of Volume Usage for Battery, Compressed Air, Flywheel, Pumped Hydro, Thermal Storage, and Others (includes corresponding Graph/Chart) II-27 Characteristics of Select Battery Technology Types II-28 Manufacturers Gear Up to Expand Production of Batteries II-28 Falling Prices of PV and Li-ion Batteries Bodes Well for the Market II-29 Plunging Battery Costs Improve Business Case for Energy Storage II-29 Efficient Storage Technologies: Need of the Hour for the Flourishing Solar Energy Sector II-30 Table 14: Global Solar PV Installations by Region (2013): Percentage Share Breakdown of Volume Installations for Americas, Asia (Excluding China), China, Europe, and Rest of World (includes corresponding Graph/Chart) II-31 Increasing Efforts to Achieve Grid Parity Drives Growth in PV Storage II-31 Increasing Establishment of Solar Microgrids to Spur Growth II-31 Aquion Energy Develops New Battery for Microgrids II-32 Growing Deployment of Smart Grids to Drive Demand II-32 Opportunity Indicators II-33 Table 15: World Market for Smart Grid Technologies (2012): Breakdown of Revenues in US$ Million by Geographic Region (includes corresponding Graph/Chart) II-33 Ultracapacitor Grid Storage Rises in Popularity & Storage Potential II-34 Table 16: World Market for Ultracapacitors (2015F): Breakdown of Revenues in US$ Million by Geographic Region (includes corresponding Graph/Chart) II-34 Large Fuel Cells for On-Grid Applications Fuel Growth in the Market II-35 Table 17: World Market for Fuel Cells by Type (2013): Percentage Breakdown of Dollar Sales for Alkaline, Molten Carbonate, Proton Exchange Membrane, Phosphoric Acid, Solid Oxide, and Other Fuel Cells (includes corresponding Graph/Chart) II-35 Increasing Demand for Electric/Hybrid Cars Boosts Grid Integration of Renewable Energy II-36 Table 18: World Market for Electric Vehicles (2013): Percentage Breakdown of Unit Sales by Product Type (includes corresponding Graph/Chart) II-37 Asia-Pacific Leads the Global Advanced Energy Storage Market II-37 Table 19: World Electricity Accessibility by Country (2013): Percentage of Population with Access to Electricity for Argentina, Bangladesh, Bahrain, Bolivia, Brazil, Brunei , China, Cambodia, Egypt, Ecuador, Iran , Iraq, India, Indonesia, Jordon, Kenya, Libya, Myanmar, Sri Lanka, Malaysia, Nigeria, Oman, Pakistan, Philippines, Qatar, Saudi Arabia, South Africa, Venezuela, and Vietnam (includes corresponding Graph/Chart) II-38 Asia-Pacific: Largest Producer of Lithium-ion Batteries II-39 Favorable Demographic and Economic Factors Strengthens Market Prospects II-39 Robust Electric Power Consumption Drives the Need for Alternative Energy Sources and Storage II-39 Table 20: Global Energy Consumption by Sector (2013) (includes corresponding Graph/Chart) II-40 Table 21: Global Electricity Consumption by Country (2013): Percentage Breakdown for China, United States, Japan, Russia, India, Germany, Canada, Brazil, South Korea, France, and Others (includes corresponding Graph/Chart) II-40 Table 22: World’s Most Populous Cities: Percentage Breakdown by Total Urban Population for Tokyo, Delhi, Mexico City, New York, Shanghai and Others (includes corresponding Graph/Chart) II-41 Burgeoning Global Population Propels Demand for Electric Power and Energy Storage II-41 Table 23: Global Population Estimates (2000-2050) (includes corresponding Graph/Chart) II-41 Table 24: Estimated Global Demand for Primary Energy and Electricity for the Years 2015-2035 (includes corresponding Graph/Chart) II-42 3. PRODUCT OVERVIEW II-43 Advanced Energy Storage: Definition II-43 Types of Renewable Energy Storage Technologies II-43 Short-Term Renewable Energy Storage Technologies II-43 Supercapacitor Energy Storage II-43 Flywheel Energy Storage II-44 Superconducting Magnetic Energy Storage II-44 Long-Term Renewable Energy Storage Technologies II-44 Pumped Hydroelectric Energy Storage II-44 Compressed Air Energy Storage II-44 Battery Energy Storage II-45 Hydrogen Energy Storage II-45 SWOT Analysis of Different Long-Term Renewable Energy Storage Technologies II-46 Significance of Renewable Energy Storage II-46 Minimizing Energy Costs II-46 Ensuring Reliable Supply of Energy II-46 Increasing Energy Autonomy II-47 Renewable Energy: A Primer II-47 An Introduction II-47 Renewable Energy: A Definition II-47 Benefits of Renewable Energy II-47 Environmental Benefits II-47 Economic Benefits II-48 Energy Security II-48 Sources of Renewable Energy II-48 Solar Energy II-48 Power Tower Systems II-48 Parabolic-Trough Systems II-49 Dish/Engine Systems II-49 Wind Energy II-49 Geothermal Energy II-49 Binary Cycle Power Plants II-49 Flash Steam Power Plants II-49 Dry Steam Power Plants II-50 Hydroelectric Power II-50 Bioenergy II-50 Hydrogen and Fuel Cells II-50 Ocean Energy II-51 Ocean Mechanical Energy II-51 Ocean Thermal Energy II-51 Disadvantages of Renewable Energy II-51 Disadvantages of Solar Energy II-51 Disadvantages of Wind Energy II-51 Disadvantages of Geothermal Energy II-52 Disadvantages of Hydroelectric Energy II-52 Disadvantages of Ocean Energy II-52 4. PRODUCT LAUNCHES/INTRODUCTIONS II-53 Parker Hannifin Unveils Outdoor PCS for Energy Storage Applications II-53 Imergy Power Systems Launches ESP30 Series II-53 Aquion Energy Introduces Second Generation AHI technology II-53 Kyocera Solar and Stem Unveils Energy Storage Solution II-53 LG Unveils New Range of Energy Solutions II-53 AllCell Technologies Introduces Lithium-ion Modules II-53 5. RECENT INDUSTRY ACTIVITY II-54 SunEdison Inks an Agreement with Aboitiz Renewables II-54 BrightSource and Shanghai Electric Forms JV II-54 ReneSola Inks a Framework Agreement with China Seven Star II-54 First Solar and BELECTRIC to Establish 46 MW Utility-Scale Solar PV Power plant II-54 REC to Supply Solar Photovoltaic Panels to Recurrent Energy II-54 EIB Offers Grants for 30 MW Solar Power Project in Burkina Faso II-54 EHT Installs 108 KW Solar Power Project II-55 RES to Build GoldLight Solar LP II-55 Kyocera, Century Tokyo and Ciel et Terre Plan to Begin Construction Floating Solar photovoltaic Plant II-55 Hitachi and Etrion to Construct Solar PV Plants II-55 S&C Electric Builds First Utility-Scale Solar Project in Wisconsin II-55 ReneSola to Supply High Efficient Virtus II PV Modules to GeoPeak Energy II-55 Solarrus Takes Over MaxGen II-55 HelioSage to Sell Elm City Solar Facility to Duke Energy II-56 Government of Rwanda to Establish First Utility-Scale Solar Photovoltaic Power Plant in East Africa II-56 SolarReserve Completes Construction of Lesedi and Letsatsi Projects II-56 KIT Establishes Utility-Scale Battery and Photovoltaic Test Centre II-56 Mainstream Announces Eight Wind and Solar projects II-56 RES Americas Announces Two Grid-Scale Energy Storage Projects II-56 PG&E to Build Five Energy Storage Systems II-56 Temporal Power and NRStor Join Forces to Test Flywheel in Grid Power II-56 LG Chem Inks with Siemens II-57 Enstorage Inks an Agreement with Schneider and Areva II-57 Imergy Secures Purchase Order for four ESP5 Vanadium Flow Batteries II-57 ReneSola Sells Three Utility-Scale Projects to Jiangsu Akcome II-57 GDF SUEZ Purchases Znyth™ Battery System from EOS Energy Storage II-57 SunEdison Takes Over First Wind II-57 Kauai Utility Receives Approval for Hydropower Storage Project II-57 Electrovaya Receives Grant for Intelligent Energy Storage Systems II-57 Oncor to Invest in Energy Storage Systems II-58 Alstom Obtains Contract for Hainan Qiongzhong Pumped-Storage Plant II-58 Ideal Power Obtains Purchase Orders for Additional 3MW II-58 Canadian Solar to Provide 4 MW to Support the Ontario Grid II-58 Electrovaya Collaborates with Walmart Canada for Lithium Ion 2.0 Battery Systems II-58 Alevo Unveils Manufacturing Plant in North Carolina II-58 Southern California Edison Inks Energy Storage Agreements II-58 Imergy Inks Manufacturing Agreement with Foxsemicon II-58 SunEdison Expands to Australia, China and the UK II-59 Germany Unveils the Largest Battery Plant in Europe II-59 Samsung SDI Forms JV with Sungrow II-59 NEC Energy Solutions Receives Contract to Build Energy Storage System in California II-59 Lockheed Martin Takes Over Assets of Sun Catalytix Corporation II-59 RES Canada Completes Construction of Energy Storage System in Amphora II-59 NEC Acquires A123 Energy Solutions II-59 Philadelphia Navy Yard Commences Advanced Battery Storage in its GridSTAR Smart Grid Experience Center II-59 Greensmith Installs up to 9 MWh Energy Storage Capacity II-60 The State of California Mandates Grid Capacity Energy Storage Systems II-60 Wanxiang America Corporation Acquires A123 Systems II-60 Duke Energy Commences Construction of Three Solar Projects II-60 HelioSage to Develop 20 Megawatt Solar Facility in South Eastern Connecticut II-60 Westinghouse Solar Signs Definitive Merger Agreement with CBD Energy II-60 W2 Energy Inks LoI to Take Over Majority Stake in Artic Solar Engineering II-60 Altair Nanotechnologies Signs Economic Cooperation Agreement with Wu'an and Handan Cities II-61 Phostech Lithium Establishes Battery Materials Production Facility in Quebec II-61 TAM Ceramics and ENrG Receive Grants from NYSERDA for Clean Energy Power Systems II-61 Arista Power Obtains Contract from US Army for Development of Intelligent Micro-Grid II-61 6. PLAYERS IN THE ADVANCED ENERGY STORAGE ECOSYSTEM II-62 Active Power, Inc. (USA) II-62 Air Liquide (France) II-62 Alstom (France) II-62 Altair Nanotechnologies, Inc. (Canada) II-62 Amber Kinetics, Inc. (USA) II-63 American Superconductor Corporation (USA) II-63 Areva (France) II-63 Ashlawn Energy, LLC (US) II-64 Axion Power International, Inc. (USA) II-64 Ballard Power Systems, Inc. (Canada) II-64 Beacon Power, LLC (USA) II-65 BYD Co. Ltd. (China) II-65 DMG MORI SEIKI Aktiengesellschaft (Germany) II-65 Duke Energy Corporation (US) II-66 ECOULT (Australia) II-66 Electrochaea GmbH (Germany) II-66 Emera Inc. (Canada) II-67 Encell Technology, Inc. (USA) II-67 E.ON SE (Germany) II-67 Exide Technologies (US) II-67 First Hydro Company (UK) II-68 General Compression, Inc. (USA) II-68 Gridflex Energy, LLC (US) II-68 Hydrogenics Corporation (Canada) II-68 ITM Power Plc (UK) II-68 Kokam co., Ltd (Korea) II-69 LG Chem (Korea) II-69 LightSail Energy (USA) II-69 Maxwell Technologies, Inc. (USA) II-69 McPhy Energy S.A. (France) II-70 NEC Energy Solutions (Japan) II-70 NGK Insulators, Ltd. (Japan) II-70 Proton OnSite (USA) II-71 Prudent Energy Corporation (USA) II-71 Redflow Limited (Australia) II-71 Saft Groupe S.A. (France) II-71 Samsung SDI Co., Ltd. (South Korea) II-72 SustainX Inc. (USA) II-72 Temporal Power (Canada) II-72 Tianjin Lishen Battery Co., Ltd. (China) II-72 Toshiba International Corporation (USA) II-73 VYCON (USA) II-73 ZBB Energy Corporation (USA) II-73 7. GLOBAL MARKET PERSPECTIVE II-74 Table 25: World Recent Past, Current and Future Analysis for Advanced Energy Storage by Geographic Region - US, Western Europe, Asia-Pacific, and Rest of World Markets Independently Analyzed with Installed Capacity in MW for Years 2014 through 2020 (includes corresponding Graph/Chart) II-74 Table 26: World 7-Year Perspective for Advanced Energy Storage by Geographic Region - Percentage Breakdown of Installed Capacity for US, Western Europe, Asia-Pacific, and Rest of World Markets for Years 2015 and 2020 (includes corresponding Graph/Chart) II-75 III. MARKET 1. THE UNITED STATES III-1 A.Market Analysis III-1 Outlook III-1 Long-term Outlook for Solar Energy to Drive Demand III-1 Table 27: List of Major Solar Projects in Development Phase in the Country (includes corresponding Graph/Chart) III-1 Table 28: US Solar PV Installations (2014E): Percentage Share Breakdown of Installed Capacity for Non-Residential, Residential, and Utility (includes corresponding Graph/Chart) III-2 Favorable US Policies to Improve Solar Power Generation Capabilities III-2 Table 29: Power Plant Capacity Additions (MW) in the US by Type of Power: 2013 (includes corresponding Graph/Chart) III-2 Dwindling Utility-Scale LCOE to Expand Scope III-2 Table 30: Utility-Scale Solar PV Costs by Segment: 2011 & 2013 (includes corresponding Graph/Chart) III-3 Manufacturers Gear Up to Promote Utility Scale Energy Storage III-3 Rising Number of Energy Storage Projects offer Significant Growth Opportunities III-4 NYC Utility’s Ambitious Plans for Energy Efficiency to Drive ESS Growth III-4 Incentives under ConEd’s Demand Management Progaram III-5 Small-Scale Renewable Energy Projects: A Threat to Grid- Scale Energy Storage? III-5 Product Launches III-5 Strategic Corporate Developments III-6 Key Players III-10 B.Market Analytics III-16 Table 31: US Recent Past, Current and Future Analysis for Advanced Energy Storage by Installed Capacity in MW for Years 2014 through 2020 (includes corresponding Graph/Chart) III-16 2. WESTERN EUROPE III-17 A.Market Analysis III-17 Outlook III-17 Advanced Energy Storage Gains Momentum in Western Europe III-17 Utility Scale Wind and Solar Power Storage Gain Momentum III-17 Rising Wind-Hydrogen Energy Storage Projects in Germany III-18 Boom in German Solar Market Offers Prospects for Energy Storage III-18 Strategic Corporate Developments III-18 Key Players III-19 B.Market Analytics III-22 Table 32: Western Europe Recent Past, Current and Future Analysis for Advanced Energy Storage by Installed Capacity in MW for the Years 2014 through 2020 (includes corresponding Graph/Chart) III-22 3. ASIA-PACIFIC III-23 A.Market Analysis III-23 Outlook III-23 Asia: A Potential Laden Market III-23 Table 33: Asian Market for Advanced Energy Storage Systems by Battery Type (2014 & 2016F): Percentage Share Breakdown of Value Sales for Lead Acid, Lithium ion, Molten Salt, and Others (includes corresponding Graph/Chart) III-24 Table 34: Asian Market for Energy Storage Systems by Technology (2014 & 2016F): Percentage Share Breakdown of Value Sales for Advanced Batteries, Pumped Hydro, and Others (includes corresponding Graph/Chart) III-24 Asian Market Dynamics Promote Innovations III-25 Flourishing Solar Power Market Offers Growth Opportunities III-25 Review of Select Markets in the Region III-26 China III-26 Booming Solar Industry to Drive ESS Market III-26 China to Experience Notable Adoption of Energy Storage Systems III-26 India III-27 Increasing Adoption of Renewable Energy Augurs Well for the Market III-27 Table 35: Indian Market for Advanced Energy Storage Systems (2020F): Percentage Share Breakdown of Energy Stored by End-use Applications (includes corresponding Graph/Chart) III-28 Product Launch III-28 Strategic Corporate Developments III-28 Select Regional Players III-30 B.Market Analytics III-32 Table 36: Asia-Pacific Recent Past, Current and Future Analysis for Advanced Energy Storage by Installed Capacity in MW for the years 2014 through 2020 (includes corresponding Graph/Chart) III-32 4. REST OF WORLD III-33 A.Market Analysis III-33 Outlook III-33 A Review of Select Nations III-33 Japan’s Focus on Renewable Energy Bodes Well for the Market III-33 Puerto Rico Introduces Mandatory Energy Storage Requirements III-33 Strategic Corporate Developments III-33 Select Players III-35 B.Market Analytics III-37 Table 37: Rest of World Recent Past, Current and Future Analysis for Advanced Energy Storage by Installed Capacity in MW for Years 2014 through 2020 (includes corresponding Graph/Chart) III-37 IV. COMPETITIVE LANDSCAPE Total Companies Profiled: 85 (including Divisions/Subsidiaries - 87) The United States (50) Canada (8) Japan (2) Europe (19) - France (8) - Germany (4) - The United Kingdom (3) - Italy (2) - Rest of Europe (2) Asia-Pacific (Excluding Japan) (7) Middle East (1)