Grid Energy Storage

Grid Energy Storage - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Jan 7, 2016, 411 Pages
US$4,500.00
GIA-MCP7991

Global Grid Energy Storage Market Trends, Drivers & Projections

This report analyzes the worldwide markets for Grid Energy Storage in terms of Capacity Installations in Megawatts by the following Technologies: The global market for Grid Energy Storage is projected to exceed 415 thousand megawatts in terms of capacity installations by 2020, driven by the growing focus on maintaining reliable operations of interconnected utilities and integrating renewable energy into the grid to accommodate additional distributed energy. Other factors driving growth in the market include advancements in battery material technologies; steadily declining Li-ion battery and PV prices; favorable government policies and regulatory frameworks; and increasing focus on power quality and continuity. Europe represents the largest market worldwide. The United States is forecast to emerge as the fastest growing market with a CAGR of over 21% over the analysis period. Grid fragilities, surging investments in grid infrastructure by the private and public sectors, increasing emphasis on energy efficiency initiatives, growing prominence of solar energy storage and changing power generation mix, represent key factors driving growth in the country.

This report analyzes the worldwide markets for Grid Energy Storage in terms of Capacity Installations in Megawatts by the following Technologies: Pumped Hydro, and Others. The report provides separate comprehensive analytics for the US, Japan, 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 157 companies including many key and niche players such as -

ABB Ltd.
AES Corporation
Alevo Group SA
Aquion Energy
Beacon Power, LLC

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-3
      Product Definitions and Scope of Study                            I-3


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Grid Energy Storage: Enabling Predictable, Reliable and Stable
       Power Supply                                                     II-1
       Table 1: Number of Energy Storage Projects by Country: 2014
       (includes corresponding Graph/Chart)                             II-6

       Table 2: Various Energy Storage Technologies Ranked on the
       Basis of Cost ($/KW) (includes corresponding Graph/Chart)        II-7
      Growth Drivers in a Nutshell                                      II-7
      Grid Energy Storage: A Game Changer for Renewable Energy?         II-9
      Myriad Benefits of Grid Energy Storage to Drive Market Adoption   II-10
       Key Advantages of Different Large Scale Energy Storage
        Technologies                                                    II-11
       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-12
       Major Application Areas and Services for Energy Storage on
        the Grid                                                        II-13
       Large Scale Grid Energy Storage: More Economical in Base Load
        Power Plants                                                    II-13
      Global Market Outlook                                             II-13
      Competitive Landscape                                             II-15
       Major Companies and their Technologies in Use for Large Scale
        Grid Energy Storage                                             II-16
       Leading Energy Storage Companies Worldwide: Snapshot Profiles    II-16
        ABB                                                             II-16
        AES Energy Storage                                              II-16
        Alevo                                                           II-16
        Aquion Energy                                                   II-17
        BYD                                                             II-17
        CODA Energy                                                     II-17
        Electrovaya                                                     II-17
        EnerVault                                                       II-17
        Eos Energy Storage                                              II-17
        General Electric                                                II-17
        Green Charge Networks                                           II-18
        Greensmith                                                      II-18
        LG Chem                                                         II-18
        NEC Corporation                                                 II-18
        NRG Energy                                                      II-19
        Primus Power                                                    II-19
        Princeton Power                                                 II-19
        S&C Electric Company                                            II-19
        Seeo                                                            II-20
        Siemens                                                         II-20
        Solar Grid Storage                                              II-20
        SolarCity and Tesla                                             II-20
        Sonnenbatterie                                                  II-20
        Younicos                                                        II-21
       Li-ion Battery Manufacturers Offer Varied Solutions for Grid
        Applications                                                    II-21
       Large Corporations to Acquire Smaller Start-Ups                  II-21
        Start-Ups Grow Attractive                                       II-21
       Battery Market Becoming Increasingly Attractive for New Entrants II-22
       Battery Storage Systems Integrators: A Vital Part of the
        Supply Chain                                                    II-22

  2. MARKET TRENDS, ISSUES AND DRIVERS                                  II-23
      The Imminent Shift towards Renewable Energy & the Resulting
       Need for Efficient Storage: A Strong Growth Driver               II-23
       Rising Prominence of the Renewable Energy Sector Benefits
        Market Expansion                                                II-23
        Leading Wind Power Countries Worldwide (2013): Ranking Based
         on Key Wind Power Facts                                        II-25
       Important Opportunity Indicators                                 II-26
        Table 3: Global Investments (US$ Billion) in Renewable
        Energy by Source: 2013 (includes corresponding Graph/Chart)     II-26

        Table 4: 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-26

        Table 5: International Targets for Solar Photovoltaics for
        Select Countries                                                II-27

        Table 6: World Installed Base of Wind Energy (in Megawatts)
        by Geographic Region: 2013, 2015E & 2017F (includes
        corresponding Graph/Chart)                                      II-27
      Pumped Hydro Storage: Dominant Energy Storage Technology for
       Grid Applications                                                II-27
       Table 7: Global Energy Storage Market by Technology (2014):
       Percentage Share Breakdown of Installed Capacity for
       Traditional Pumped Storage and Other Technologies (includes
       corresponding Graph/Chart)                                       II-28

       Table 8: Global Energy Storage Market by Technology Other
       than Pumped Storage (2014): Percentage Share Breakdown of
       Installed Capacity for Capacitor, Compressed Air, Flow
       Battery, Flywheel, Gravitational Storage, Lead Acid Battery,
       Li-ion, Molten Salt Energy and Others (includes corresponding
       Graph/Chart)                                                     II-28
      Falling Prices of PV and Li-ion Batteries Bodes Well for
       Market Penetration                                               II-29
       Plunging Battery Costs Improve Prospects for Energy Storage      II-29
      Battery Storage Offers Tremendous Potential for Renewables
       Integration                                                      II-30
       Characteristics of Select Battery Technology Types               II-32
       Table 9: 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-32
       Superior Attributes over Conventional Storage Technologies to
        Drive Adoption                                                  II-33
       Lithium ion (Li-ion) Dominates the Battery Grid Energy
        Storage Market                                                  II-34
        Table 10: 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-35
        Increasing Demand for Electric/Hybrid Cars Boosts Demand for
         Li-ion Batteries for Onboard Energy Storage                    II-35
         Table 11: World Market for Electric Vehicles (2013):
         Percentage Breakdown of Unit Sales by Product Type
         (includes corresponding Graph/Chart)                           II-37
       Despite Competition from Li-ion Batteries, NaS (Sodium
        Sulfur) Batteries Continue to Sustain Growth                    II-37
        Table 12: Production Cost Breakdown (%) of a Typical NaS
        Battery Storage Plant (includes corresponding Graph/Chart)      II-38
       Favorable Regulatory Environment Bodes Well for Battery
        Storage Systems                                                 II-38
        Frequency Regulation Service                                    II-39
      Microgrids Offers a Strong Business Case for Energy Storage       II-39
       Table 13: Few of the Largest Power Blackouts/ Outages
       Worldwide: 1965-2015                                             II-41
       Increasing Deployments of Solar Microgrids to Spur Growth        II-41
      Ultracapacitor-Based Grid Storage to Replace Battery
       Technology in the Long Run                                       II-42
       Table 14: World Market for Ultracapacitors (2015F): Breakdown
       of Revenues in US$ Million by Geographic Region (includes
       corresponding Graph/Chart)                                       II-43
      Hydrogen Energy Storage Systems to Witness Extended
       Opportunities in Grid Energy Storage                             II-43
      Molten Salt Energy Storage Systems Witness Increasing Adoption
       in CSP Plants                                                    II-43
       Growing Investments in CSP Projects Bodes Well for Molten
        Salt Storage Systems                                            II-44
        Table 15: Top Ten Countries Worldwide with the Highest
        Concentrated Solar Power Plant Capacities: 2013 (includes
        corresponding Graph/Chart)                                      II-45

        Table 16: Cumulative Capacity Installations of Concentrated
        Solar Power over the Period 2005- 2013 (includes
        corresponding Graph/Chart)                                      II-46
       EU’s Desertec to Offer Major Boost to Concentrated Solar Power   II-46
      The Smart Grid Standard: Opportunities Galore for Storage
       Technologies Adoption                                            II-46
       Key Factors Driving Transition towards a Smarter Grid            II-47
      Robust Electric Power Consumption Drives the Need for
       Alternative Energy Sources and Storage                           II-49
       Table 17: Global Electricity Consumption in TWh for Years
       2000, 2015 & 2030 (includes corresponding Graph/Chart)           II-51

       Table 18: Global Electricity Production by Country (2013):
       Percentage Breakdown of Electricity Production Volume for
       China, United States, India, Russia, Japan, Canada, Germany,
       Brazil, France, South Korea, and Others (includes
       corresponding Graph/Chart)                                       II-52

       Table 19: Global Electricity Consumption by Country (2013):
       Percentage Breakdown of Electricity Consumption Volume for
       China, United States, Japan, Russia, India, Germany, Canada,
       Brazil, South Korea, France, and Others (includes
       corresponding Graph/Chart)                                       II-52

       Table 20: Projected Global Demand for Primary Energy (Mtoe)
       and Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
       (includes corresponding Graph/Chart)                             II-53

       Table 21: Estimated Global Power Generation Infrastructure
       Requirement (in US$ Billion) for China, India, Latin America,
       and North America over the Period 2010-2030 (includes
       corresponding Graph/Chart)                                       II-53
       Burgeoning Global Population Propels Demand for Electric
        Power and Energy Storage                                        II-53
        Table 22: Global Population Estimates (2000-2050) (includes
         corresponding Graph/Chart)                                     II-54
      Key Barriers to Widespread Deployment of Grid Energy Storage      II-54

  3. ENERGY STORAGE INNOVATIONS & ADVANCEMENTS                          II-56
      Innovative Battery Storage Systems                                II-56
       Low-Cost Batteries for Micro-and Off-Grid Applications           II-57
       Advanced Battery Systems                                         II-57
      Electrochemical Flow Capacitor                                    II-57
      Molybdenum Disulfide Breakthrough in Energy Storage               II-58
      Uber™: A UltraBattery Developed for Microgrids                    II-58
      Liquid Battery System Upgrades                                    II-59
      Turnkey DC-Battery Based Energy Storage Systems                   II-59
      Innovative High-Efficiency Energy Storage System                  II-60
      Nanotechnology: The Future of Energy Storage                      II-60
       Nanotubular Bulk Material with Ultra-Low Density                 II-61
      Compressed Air Energy Storage Systems that Eliminate/Reduce
       Use of Fossil Fuels                                              II-61
      Affordable Batteries with High Durability and Advanced
       Chemical Compositions                                            II-62
      Hydrogen Electrolysis: A Potential Laden Energy Storage Solution  II-62

  4. PRODUCT OVERVIEW                                                   II-63
      Grid Energy Storage - An Introduction                             II-63
       Energy Storage Technologies: Classification                      II-63
       Various Energy Storage Technologies: Key Advantages &
        Disadvantages                                                   II-63
      Different Forms of Grid Storage                                   II-64
       Air                                                              II-64
        Liquid Air                                                      II-64
        Compressed Air                                                  II-64
       Batteries                                                        II-64
        Technical Characteristics of Different Battery Types Used
         for Energy Storage                                             II-65
         Lead-Acid Batteries                                            II-65
         Advanced Lead-Acid Batteries                                   II-65
         Molten Salt Batteries                                          II-66
         Lithium-Ion Batteries                                          II-66
         Flow Batteries                                                 II-67
         Other Battery Technologies                                     II-67
       Flywheel                                                         II-67
       Pumped-Hydro Storage                                             II-68
       Superconducting Magnetic Energy Storage                          II-68
       Thermal                                                          II-69
      Commercially Available Grid Energy Storage Technologies           II-69
       VRLA Batteries                                                   II-69
       Lithium-Ion/Lithium-Ion Polymer Batteries                        II-69
       Nickel-Based Batteries                                           II-69
       Flow Batteries                                                   II-70
       Molten-Salt Batteries                                            II-70
       Flywheels                                                        II-70
       Hydrogen Fuel Cells                                              II-70
       Pumped hydro                                                     II-71
       Compressed air                                                   II-71
      Grid Energy Storage Applications                                  II-71
       Grid Forming                                                     II-71
       Grid Support                                                     II-71
       Load Shifting and Peak-Demand Management                         II-72
       Self-Consumption                                                 II-72

  5. GRID ENERGY STORAGE INNOVATIONS/ INTRODUCTIONS                     II-73
      NEC Energy Launches the New SLD Technology for Grid Energy
       Storage                                                          II-73
      Johnson Controls Introduces New Storage Solutions for
       Stationary Grid Energy Storage Market in North America           II-73
      Moixa Introduces the Maslow GridShare Platform for Residential
       Energy Storage                                                   II-73
      Greensmith Adds the Functionality of Energy Storage
       Aggregation to the Company’s GEMS Software Platform              II-73
      NEC Energy Adds New Product to the Company’s GSS™ grid energy
       storage platform                                                 II-73
      BYD and ABB to Jointly Develop Novel Energy Storage Systems       II-73
      A123 Systems Launches A123 Energy Solutions                       II-73

  6. RECENT INDUSTRY ACTIVITY                                           II-74
      GE Takes Over Energy Operations of Alstom                         II-74
      Enel to Acquire Enel Green Power                                  II-74
      SunEdison Acquires Solar Grid Storage’s Storage Projects          II-74
      A Group of Six Companies to Come together to Introduce and
       Commercialize Storage Technologies for Modern Grids              II-74
      Alevo Group Collaborates with Systems Control for Developing
       GridBank Energy Storage Enclosures                               II-74
      Alevo Group Collaborates with China-ZK International Energy
       for Promotion and Commercialization of Storage Technologies
        in China                                                        II-74
      NEC Energy Collaborates with Amergin for Deploying Integrated
       Battery Storage for Grid Scale Storage                           II-75
      NEC Energy Completes Installation of 3.9 MWh Grid Energy
       Storage System in California                                     II-75
      GE to Supply 7 MW Hour Battery Storage to Convergent Energy       II-75
      SunEdison Takes Over Solar Grid Storage, Marks its Entry in
       the Energy Storage Market                                        II-75
      KEPCO of Korea Inks MoU with the Maryland State for Offering
       Co-operation in Energy Storage and Smart Grid Projects           II-75
      S&C Bags Contract to Build a Large Energy Storage System in
       the State of Ohio                                                II-75
      NEC Installs a 5.7 MWh Grid Scale Energy Storage Project in
       the United Kingdom                                               II-75
      DNV GL Sets Up GRIDSTOR, a Joint Industry Project for
       Developing Grid Energy Storage Systems                           II-76
      NEC and Wanxiang to Set a Joint Venture for Grid Energy
       Storage Development                                              II-76
      Primus and Sanmina Corporation Enter into a Deal for
       Manufacturing Grid Scale Electrical Energy Storage System        II-76
      A123 Energy Installs 500 KW Grids Scale Storage Solution in China II-76
      NEC Takes Over Commercial Systems and Grid Energy Storage
       Business of A123 Energy                                          II-76
      Saft Bags Order for Supplying Li-ion Battery Storage Systems
       to Kauai Island Electrical Grid                                  II-76
      A123 Energy Commissions Long Duration Grid Storage Solution
       for Maui Electric Company in Hawaii                              II-77
      Aquion Inks an MoU with Siemens for Testing Aquion’s Batteries
       with Sinamics S120 Drive Technology of Siemens                   II-77
      Moixa Technology Bags DECC Contract for Energy Storage Innovation II-77
      Hydrostor Bags Order to Supply Underwater- Compressed Air
       Energy Storage System to a Commercial Utility in Aruba           II-77
      NEC and Acea Collaborate to Install Energy Storage Systems for
       a Roman Smart Grid Project                                       II-77
      Electricity Storage Association and the Solar Energy
       Industries Association Partner to Promote Deployment of Grid -
        Scale Energy Storage Systems                                    II-77

  7. FOCUS ON SELECT GLOBAL PLAYERS                                     II-78
      ABB Ltd. (Switzerland)                                            II-78
      AES Corporation (US)                                              II-78
      Alevo Group SA (Switzerland)                                      II-78
      Aquion Energy (US)                                                II-78
      Beacon Power, LLC (US)                                            II-79
      BYD Co. Ltd. (China)                                              II-79
      East Penn Manufacturing Company, Inc. (US)                        II-80
      Electrovaya Inc. (Canada)                                         II-80
      EnSync Inc. (US)                                                  II-80
      GE Energy (US)                                                    II-80
      Green Charge Networks (US)                                        II-81
      LG Chem Ltd. (South Korea)                                        II-81
      LightSail Energy (US)                                             II-82
      NEC Energy Solutions (Japan)                                      II-82
      NGK Insulators, Ltd. (Japan)                                      II-82
      Primus Power (US)                                                 II-82
      Redflow Limited (Australia)                                       II-83
      S&C Electric Company (US)                                         II-83
      Saft Groupe S.A. (France)                                         II-83
      Samsung SDI Co., Ltd. (South Korea)                               II-84
      SustainX Inc. (US)                                                II-84

  8. GLOBAL MARKET PERSPECTIVE                                          II-85
      Table 23: World Recent Past, Current & Future Analysis for
      Grid Energy Storage by Geographic Region/Country - US, Japan,
      Europe, Asia-Pacific (excluding Japan) and Rest of World
      Markets Independently Analyzed with Capacity Installations in
      Megawatts for Years 2014 through 2020 (includes corresponding
      Graph/Chart)                                                      II-85

      Table 24: World 6-Year Perspective for Grid Energy Storage by
      Geographic Region/Country - Percentage Breakdown of Capacity
      Installations for US, Japan, Europe, Asia-Pacific (excluding
      Japan) and Rest of World Markets for Years 2015 & 2020
      (includes corresponding Graph/Chart)                              II-86
      Analysis by Technology                                            II-87
      Table 25: World Recent Past, Current & Future Analysis for
      Pumped Hydro Energy Storage Technology by Geographic
      Region/Country - US, Japan, Europe, Asia-Pacific (excluding
      Japan) and Rest of World Markets Independently Analyzed with
      Capacity Installations in Megawatts for Years 2014 through
      2020 (includes corresponding Graph/Chart)                         II-87

      Table 26: World 6-Year Perspective for Pumped Hydro Energy
      Storage Technology by Geographic Region/ Country - Percentage
      Breakdown of Capacity Installations for US, Japan, Europe,
      Asia-Pacific (excluding Japan) and Rest of World Markets for
      Years 2015 & 2020 (includes corresponding Graph/Chart)            II-88

      Table 27: World Recent Past, Current & Future Analysis for
      Other Grid Energy Storage Technologies by Geographic
      Region/Country - US, Japan, Europe, Asia-Pacific (excluding
      Japan) and Rest of World Markets Independently Analyzed with
      Capacity Installations in Megawatts for Years 2014 through
      2020 (includes corresponding Graph/Chart)                         II-89

      Table 28: World 6-Year Perspective for Other Grid Energy
      Storage Technologies by Geographic Region/Country - Percentage
      Breakdown of Capacity Installations for US, Japan, Europe,
      Asia-Pacific (excluding Japan) and Rest of World Markets for
      Years 2015 & 2020 (includes corresponding Graph/Chart)            II-90


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        The US to Lead Future Market Growth                             III-1
         Aging Grid Infrastructure and a Techno-Centric Economy: Key
          Growth Drivers                                                III-1
         Select Energy Storage Deployments in the US: Brief Details
          of Technology, Potential/Actual Applications, Commercial
           Availability, Company, and Estimated Cost                    III-2
        Manufacturers Gear Up to Promote Grid Scale Energy Storage      III-3
         Noteworthy Startups in the US Energy Storage Market:
          Snapshot Profiles                                             III-3
          Aquion Energy                                                 III-3
          Ambri                                                         III-3
          Advanced Microgrid Solutions                                  III-4
          Coda Energy                                                   III-4
          EnerVault                                                     III-4
          Growing Energy Labs, Inc.                                     III-4
          Ice Energy                                                    III-4
          Imergy Power Systems                                          III-4
          Stem                                                          III-5
          Solar Grid Storage                                            III-5
          Sunverge Energy                                               III-5
        Rising Number of Energy Storage Projects offer Significant
         Growth Opportunities                                           III-5
         Governmental Investments in New Energy Storage Solutions       III-6
         Major Energy Storage Related Initiatives in 2014               III-6
        Key Trends Shaping the US Energy Storage Market                 III-8
        Closures of Coal Fired Plants to Benefit Growth in Energy
         Storage Market                                                 III-9
        Bright Outlook for Solar Energy to Drive Market Demand          III-9
         Table 29: Major Solar Projects in Development
         Phase/Operational in the US (2014): Brief Details of
         Project Name, Capacity in MW, and Location (State)
         (includes corresponding Graph/Chart)                           III-10

         Table 30: Power Plant Capacity Additions in the US by Type
         of Power (2013): Capacity Additions (in MW) for Biomass,
         Coal, Hydroelectric, Natural Gas, Solar, Wind, and Others
         (includes corresponding Graph/Chart)                           III-10
        Steady Decline in Grid-Scale LCOE to Expand Scope               III-11
         Table 31: Utility-Scale Solar PV Costs by Segment: 2011 &
         2013 (includes corresponding Graph/Chart)                      III-11
        NYC Utility’s Ambitious Plans for Energy Efficiency to Drive
         ESS Growth                                                     III-12
         Table 32: Incentives under ConEd’s Demand Management
          Program by Storage Technology                                 III-12
        Small-Scale Renewable Energy Projects: A Threat to Grid-
         Scale Energy Storage?                                          III-12
        Favorable Regulations/Legislations Benefit Market Prospects     III-12
         New Emission Regulations                                       III-13
        Product Launches                                                III-13
        Recent Industry Activity                                        III-14
        Select Key Players                                              III-17
      B.Market Analytics                                                III-21
        Table 33: US Recent Past, Current & Future Analysis for Grid
        Energy Storage by Technology - Pumped Hydro and Others
        Markets Independently Analyzed with Capacity Installations
        in Megawatts for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-21

        Table 34: US Historic Review for Grid Energy Storage by
        Technology - Pumped Hydro and Others Markets Independently
        Analyzed with Capacity Installations in Megawatts for Years
        2010 through 2013 (includes corresponding Graph/Chart)          III-22

        Table 35: US 6-Year Perspective for Grid Energy Storage by
        Technology - Percentage Breakdown of Capacity Installations
        for Pumped Hydro and Others Markets for Years 2010, 2015 &
        2020 (includes corresponding Graph/Chart)                       III-23

  2. JAPAN                                                              III-24
      A.Market Analysis                                                 III-24
        Japan’s Focus on Renewable Energy Augurs Well for the Market    III-24
        Japan: An Attractive Market for Grid Energy Storage Startups    III-24
        Japanese Energy Storage Market: A Macro Perspective             III-25
        Product Launch                                                  III-26
        Recent Industry Activity                                        III-26
        Select Key Players                                              III-26
      B.Market Analytics                                                III-27
        Table 36: Japanese Recent Past, Current & Future Analysis
        for Grid Energy Storage by Technology - Pumped Hydro and
        Others Markets Independently Analyzed with Capacity
        Installations in Megawatts for Years 2014 through 2020
        (includes corresponding Graph/Chart)                            III-27

        Table 37: Japanese 6-Year Perspective for Grid Energy
        Storage by Technology - Percentage Breakdown of Capacity
        Installations for Pumped Hydro and Others Markets for Years
        2015 & 2020 (includes corresponding Graph/Chart)                III-28

  3. EUROPE                                                             III-29
      A.Market Analysis                                                 III-29
        Europe: Leading Grid Energy Storage Market Worldwide            III-29
        Rising Contribution of Renewable Energy Generation Spurs the
         Need for Grid Energy Storage                                   III-29
        Grid Scale Energy Storage Gain Momentum in Western Europe       III-30
        Battery Energy Storage Technologies to Play Vital Role in
         Smart Grid Applications in Europe                              III-30
        Declining LCOE Set to Benefit Grid Scale Wind and Solar
         Power Storage                                                  III-31
        Energy Associations Draw Up Roadmap for Developing Energy
         Storage Technologies                                           III-31
      B.Market Analytics                                                III-32
        Table 38: European Recent Past, Current & Future Analysis
        for Grid Energy Storage by Geographic Region/Country -
        France, Germany, Italy, UK, Spain, Russia and Rest of Europe
        Markets Independently Analyzed with Capacity Installations
        in Megawatts for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-32

        Table 39: European 6-Year Perspective for Grid Energy
        Storage by Geographic Region/ Country - Percentage Breakdown
        of Capacity Installations for France, Germany, Italy, UK,
        Spain, Russia and Rest of Europe Markets for Years 2015 &
        2020 (includes corresponding Graph/Chart)                       III-33

        Table 40: European Recent Past, Current & Future Analysis
        for Grid Energy Storage by Technology - Pumped Hydro and
        Others Markets Independently Analyzed with Capacity
        Installations in Megawatts for Years 2014 through 2020
        (includes corresponding Graph/Chart)                            III-34

        Table 41: European 6-Year Perspective for Grid Energy
        Storage by Technology - Percentage Breakdown of Capacity
        Installations for Pumped Hydro and Others Markets for Years
        2015 & 2020 (includes corresponding Graph/Chart)                III-35

  3a. FRANCE                                                            III-36
      A.Market Analysis                                                 III-36
        Alstom and Saft Announce Commencement of BESS at EDF’s
         Concept Grid Lab                                               III-36
        Select Key Player                                               III-36
      B.Market Analytics                                                III-37
        Table 42: French Recent Past, Current & Future Analysis for
        Grid Energy Storage by Technology - Pumped Hydro and Others
        Markets Independently Analyzed with Capacity Installations
        in Megawatts for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-37

        Table 43: French 6-Year Perspective for Grid Energy Storage
        by Technology - Percentage Breakdown of Capacity
        Installations for Pumped Hydro and Others Markets for Years
        2015 & 2020 (includes corresponding Graph/Chart)                III-38

  3b. GERMANY                                                           III-39
      A.Market Analysis                                                 III-39
        Rising Demand for Electricity Creates Need for Alternative
         Storage Technologies                                           III-39
        Increasing Focus on Renewable Generation to Boost Market Demand III-39
         Rising Wind-Hydrogen Energy Storage Projects in Germany        III-40
        Use of Large-Scale Battery Storage Systems to Control Grid
         Frequency Surges                                               III-40
        Power-to-Gas Storage Projects Aids in Cutting Demand for
         Power by the Transportation Sector                             III-41
        New Reforms to Provide Lucrative Opportunities for Market
         Participants                                                   III-41
        Energy Storage Solutions Essential for Expansion of Solar
         Capacity Installations                                         III-42
      B.Market Analytics                                                III-43
        Table 44: German Recent Past, Current & Future Analysis for
        Grid Energy Storage by Technology - Pumped Hydro and Others
        Markets Independently Analyzed with Capacity Installations
        in Megawatts for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-43

        Table 45: German 6-Year Perspective for Grid Energy Storage
        by Technology - Percentage Breakdown of Capacity
        Installations for Pumped Hydro and Others Markets for Years
        2015 & 2020 (includes corresponding Graph/Chart)                III-44

  3c. ITALY                                                             III-45
      A.Market Analysis                                                 III-45
        Italy Leads Battery Technology Deployment in Europe for Grid
         Energy Storage                                                 III-45
        Siemens and Enel Deploy Energy Storage System in Italy          III-45
         Use of Siestorage for Black Start                              III-46
        Recent Industry Activity                                        III-46
      B.Market Analytics                                                III-47
        Table 46: Italian Recent Past, Current & Future Analysis for
        Grid Energy Storage by Technology - Pumped Hydro and Others
        Markets Independently Analyzed with Capacity Installations
        in Megawatts for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-47

        Table 47: Italian 6-Year Perspective for Grid Energy Storage
        by Technology - Percentage Breakdown of Capacity
        Installations for Pumped Hydro and Others Markets for Years
        2015 & 2020 (includes corresponding Graph/Chart)                III-48

  3d. THE UNITED KINGDOM                                                III-49
      A.Market Analysis                                                 III-49
        Evolving Role of Storage Technologies in the Energy Grid System III-49
        Strategic Blueprint and Efforts by Participants: Need of the
         Hour for the Energy Storage Market                             III-50
        Product Launch                                                  III-51
        Recent Industry Activity                                        III-51
      B.Market Analytics                                                III-52
        Table 48: UK Recent Past, Current & Future Analysis for Grid
        Energy Storage by Technology - Pumped Hydro and Others
        Markets Independently Analyzed with Capacity Installations
        in Megawatts for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-52

        Table 49: UK 6-Year Perspective for Grid Energy Storage by
        Technology - Percentage Breakdown of Capacity Installations
        for Pumped Hydro and Others Markets for Years 2015 & 2020
        (includes corresponding Graph/Chart)                            III-53

  3e. SPAIN                                                             III-54
       Market Analysis                                                  III-54
        Table 50: Spanish Recent Past, Current & Future Analysis for
        Grid Energy Storage by Technology - Pumped Hydro and Others
        Markets Independently Analyzed with Capacity Installations
        in Megawatts for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-54

        Table 51: Spanish 6-Year Perspective for Grid Energy Storage
        by Technology - Percentage Breakdown of Capacity
        Installations for Pumped Hydro and Others Markets for Years
        2015 & 2020 (includes corresponding Graph/Chart)                III-55

  3f. RUSSIA                                                            III-56
       Market Analysis                                                  III-56
        Table 52: Russian Recent Past, Current & Future Analysis for
        Grid Energy Storage by Technology - Pumped Hydro and Others
        Markets Independently Analyzed with Capacity Installations
        in Megawatts for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-56

        Table 53: Russian 6-Year Perspective for Grid Energy Storage
        by Technology - Percentage Breakdown of Capacity
        Installations for Pumped Hydro and Others Markets for Years
        2015 & 2020 (includes corresponding Graph/Chart)                III-57

  3g. REST OF EUROPE                                                    III-58
      A.Market Analysis                                                 III-58
        Recent Industry Activity                                        III-58
        Select Key Players                                              III-58
      B.Market Analytics                                                III-59
        Table 54: Rest of Europe Recent Past, Current & Future
        Analysis for Grid Energy Storage by Technology - Pumped
        Hydro and Others Markets Independently Analyzed with
        Capacity Installations in Megawatts for Years 2014 through
        2020 (includes corresponding Graph/Chart)                       III-59

        Table 55: Rest of Europe 6-Year Perspective for Grid Energy
        Storage by Technology - Percentage Breakdown of Capacity
        Installations for Pumped Hydro and Others Markets for Years
        2015 & 2020 (includes corresponding Graph/Chart)                III-60

  4. ASIA-PACIFIC                                                       III-61
      A.Market Analysis                                                 III-61
        Asia: A Potential Laden Market for All Types of Energy
         Storage Technologies                                           III-61
         Major Growth Drivers of Energy Storage Technologies in Asia    III-61
        Asia: A Leading Battery Systems Manufacturer Presents Huge
         Potential for Battery-Based Grid Energy Storage                III-62
         Table 56: Asian Market for Battery Energy Storage Systems
         by Type (2014 & 2016F): Percentage Share Breakdown of Value
         Sales for Lead Acid, Lithium ion, Molten Salt, and Others
         (includes corresponding Graph/Chart)                           III-63
        Need for Technological Improvements for Realizing Cost
         Reductions                                                     III-63
        Flourishing Solar Power Market Offers Growth Opportunities      III-63
      B.Market Analytics                                                III-64
        Table 57: Asia-Pacific Recent Past, Current & Future
        Analysis for Grid Energy Storage by Geographic
        Region/Country - China and Rest of Asia-Pacific Markets
        Independently Analyzed with Capacity Installations in
        Megawatts for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-64

        Table 58: Asia-Pacific 6-Year Perspective for Grid Energy
        Storage by Geographic Region/ Country - Percentage Breakdown
        of Capacity Installations for China and Rest of Asia-Pacific
        Markets for Years 2015 & 2020 (includes corresponding
        Graph/Chart)                                                    III-65

        Table 59: Asia-Pacific Recent Past, Current & Future
        Analysis for Grid Energy Storage by Technology - Pumped
        Hydro and Others Markets Independently Analyzed with
        Capacity Installations in Megawatts for Years 2014 through
        2020 (includes corresponding Graph/Chart)                       III-66

        Table 60: Asia-Pacific 6-Year Perspective for Grid Energy
        Storage by Technology - Percentage Breakdown of Capacity
        Installations for Pumped Hydro and Others Markets for Years
        2015 & 2020 (includes corresponding Graph/Chart)                III-67

  4a. CHINA                                                             III-68
      A.Market Analysis                                                 III-68
        China: Booming Solar Industry to Drive Grid Scale Advanced
         Energy Storage                                                 III-68
        Energy Storage Market in China: An Overview                     III-68
         Policies and Regulatory Framework for Energy Storage in the
          Country                                                       III-69
        Product Launch                                                  III-70
        Recent Industry Activity                                        III-70
        BYD Co. Ltd. - a Key China-Based Company                        III-71
      B.Market Analytics                                                III-72
        Table 61: Chinese Recent Past, Current & Future Analysis for
        Grid Energy Storage by Technology - Pumped Hydro and Others
        Markets Independently Analyzed with Capacity Installations
        in Megawatts for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-72

        Table 62: Chinese 6-Year Perspective for Grid Energy Storage
        by Technology - Percentage Breakdown of Capacity
        Installations for Pumped Hydro and Others Markets for Years
        2015 & 2020 (includes corresponding Graph/Chart)                III-73

  4b. REST OF ASIA-PACIFIC                                              III-74
      A.Market Analysis                                                 III-74
        Australia: Solar Thermal Energy Represent an Affordable
         Source for the Grid                                            III-74
        India: Increasing Adoption of Renewable Energy Augurs Well
         for Grid Level Advanced Energy Storage                         III-74
         India Set to Emerge as a Major Hub for Energy Storage
          Technologies                                                  III-75
        South Korea: Shift to Renewables to Meet Rising Power
         Demands Creates Demand for Storage                             III-76
        Recent Industry Activity                                        III-77
        Select Key Players                                              III-77
      B.Market Analytics                                                III-78
        Table 63: Rest of Asia-Pacific Recent Past, Current & Future
        Analysis for Grid Energy Storage by Technology - Pumped
        Hydro and Others Markets Independently Analyzed with
        Capacity Installations in Megawatts for Years 2014 through
        2020 (includes corresponding Graph/Chart)                       III-78

        Table 64: Rest of Asia-Pacific 6-Year Perspective for Grid
        Energy Storage by Technology - Percentage Breakdown of
        Capacity Installations for Pumped Hydro and Others Markets
        for Years 2015 & 2020 (includes corresponding Graph/Chart)      III-79

  5. REST OF WORLD                                                      III-80
      A.Market Analysis                                                 III-80
        Recent Industry Activity                                        III-80
        Electrovaya Inc. - A Key Canada-Based Company                   III-80
      B.Market Analytics                                                III-81
        Table 65: Rest of World Recent Past, Current & Future
        Analysis for Grid Energy Storage by Technology - Pumped
        Hydro and Others Markets Independently Analyzed with
        Capacity Installations in Megawatts for Years 2014 through
        2020 (includes corresponding Graph/Chart)                       III-81

        Table 66: Rest of World 6-Year Perspective for Grid Energy
        Storage by Technology - Percentage Breakdown of Capacity
        Installations for Pumped Hydro and Others Markets for Years
        2015 & 2020 (includes corresponding Graph/Chart)                III-82


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 157 (including Divisions/Subsidiaries - 162)

     The United States (94)
     Canada (9)
     Japan (5)
     Europe (37)
     - France (5)
     - Germany (8)
     - The United Kingdom (9)
     - Italy (2)
     - Spain (3)
     - Rest of Europe (10)
     Asia-Pacific (Excluding Japan) (16)
     Middle-East (1)
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Date of Publication:
Jan 7, 2016
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Number of Pages:
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