Utility Scale Electricity Storage Technologies: Global Markets

Utility Scale Electricity Storage Technologies: Global Markets

BCC, Date of Publication: Jul 7, 2015, 289 Pages
US$6,650.00
GB-EGY056C

Utility Scale Electricity Storage Technologies: Global Markets

This study assesses and describes the current status, and assess the potential growth of the worldwide utility scale electricity storage (UES) technology industry and the market for associated storage technologies.

Use this report to:

- Assess the potential growth of the worldwide utility-scale electricity storage (UES) technology industry.
- Evaluate the existing UES technology industry.
- Assess market potential for UES technologies over a five-year period from 2015 through 2020.
- Learn about UES technologies and promising emerging technologies that are under development.

Highlights

  • The global market for utility-scale electricity storage technology has reached $10.3 billion in 2014. This market is expected to reach nearly $12.1 billion in 2015 and nearly $26.2 billion, with a compound annual growth rate (CAGR) of 16.4%.
  • The PHS technology market is expected to reach nearly $10.1 billion in 2015 and is expected to reach $19.6 billion in 2020, with a CAGR of 14.3%.
  • The BES technology market is expected to reach nearly $1.3 billion in 2015 and is expected to reach $3.9 billion in 2020, with a CAGR of 25.1%.

STUDY GOALS AND OBJECTIVES

Our goal in conducting this study was to assess and describe the current status, and assess the potential growth of the worldwide utility-scale electricity storage (UES) technology industry and the market for associated storage technologies. More specifically, the study included the following objectives: (1) summarize existing UES technologies and promising emerging technologies that are under development; (2) evaluate the existing UES technology industry, focusing on the manufacturers and providers of major components for viable storage technologies; and (3) assess market potential for UES technologies over a five-year period from 2015 through 2020.

With the exception of the recent period immediately following the global economic turndown, global demand for electricity is expected to continue to increase through at least the next two decades. However, much of the world’s electricity generation industry is in the midst of a turning point. In support of carbon dioxide (CO2) emissions reduction regulations and industry trends, the electricity generation sector is in the process of transitioning generally away from coal- and oil-fired electricity production, and toward the installation of increasing proportions of renewables. However, many renewable energy resources are intermittent in nature: Solar cells only generate electricity when the sun is shining, and wind turbines only generate power when sufficient wind is blowing. To meet consumer electricity demand, which is often not aligned with available renewable power production capacity, very large-scale energy storage technologies are needed.

The purpose of this report is to provide a regional assessment of the UES market potential, as well as existing and projected future market sizes. This is an important scope, because UES markets vary substantially based on regional characteristics and on the technology in question. Three UES technologies, compressed air energy storage (CAES), pumped hydrologic storage (PHS) and grid scale batter energy storage (BES) technologies, are considered in this report; the first two technologies are capable of storing sufficient energy to be relevant at the utility scale — hundreds to thousands of megawatts (MWs) generation capacity. Pumped hydrologic storage and compressed air energy storage require substantially different geologic and climatic conditions (sufficient topographic relief, land area, and water for PHS; and sufficient subsurface geology for CAES). Within this context, this report identifies the basis and installation/market potential for UES demand in each region, within the 2015–2020 timeframe.

INTENDED AUDIENCE

This study reviews UES technologies, along with relevant market and production information, technological descriptions and issues, applications, and market factors and potential, and gives an overview of supporting incentives and regulations in major worldwide markets. This study will be of interest to current and potential manufacturers and suppliers of UES technologies and components, as well as venture capitalists, entrepreneurs and entrepreneurial companies interested in entering or expanding into the UES technology sector. It will also be of interest to corporate planners and strategists, companies involved in the production of combustion turbines, hydro turbines, compressors, pumps and other infrastructure required for the implementation of UES technologies, as well as other energy efficiency advocacy groups, and other public- and private-sector interest groups and market analysts.

CONTRIBUTIONS TO THE STUDY AND FOR WHOM

In order to construct a comprehensive assessment, initiatives being carried out by industry professionals, associations, academic collaborations and government agencies have been included. To evaluate the most current data available, we sought the latest professional perspectives from the most recent trade shows, white papers and legislative hearings. This study will be of interest to utility professionals around the world, including industry leaders, regulatory agencies, trade associations and international investors. It will also be of interest to economic development planners as well as manufacturers and distributors of electric energy storage equipment.

SCOPE OF REPORT AND METHODOLOGY

The scope of this investigation includes the major viable UES technologies that are currently being implemented in the power generation industry. These technologies are implemented to temporarily store electricity during periods of available generation capacity, for subsequent use during periods of increased demand, in support of load leveling and grid balancing. The energy storage technologies discussed in this report are increasingly deployed in support of intermittent renewable energy sources, such as solar and wind energy, which frequently generate power outside of peak demand periods. In these cases, UES technologies can facilitate delivery of renewable power to end users during periods of high and peak use, in support of utility level regulations and greenhouse gas (GHG) emissions reduction strategies, which are increasingly common in the global electricity market.

Installation and operation of UES technologies can include various products and components such as injection pumps, wellheads, compressors, expanders, gas turbines, hydro turbines, dams, centrifugal pumps, and a suite of other equipment and facilities. Other important requirements for installation of UES technologies may include, depending on the specific technology employed, sufficient geological resources such as subterranean caves, aquifers, or abandoned/sealed mine shafts, or surface features such as an existing reservoir or reservoir site, typically located in areas of high topographical relief, and frequently including substantial biological and other natural resources. Although substantial amounts of water and air may be required for operation of UES technologies, these specific requirements are not considered UES products within this report, because they are supplied at relatively little to zero direct cost, unlike mechanical and other components, which must be purchased separately.

The market analysis provided in this report is based on a variety of data sources. These include the most recent government, industry and academic data regarding the projected level of demand for utility-scale electricity storage technologies that could potentially translate into UES projects. These data were supplemented with an evaluation of major enhanced oil recovery (EOR) projects that have been announced, or that are currently being proposed. Therefore, this report provides a comprehensive review of available data to provide a realistic, robust and accurate assessment of this quickly changing market. Emerging UES technologies anticipated to be commercially viable within the next five years are summarized but are not included in the market assessment of this report. This report analyzes each major viable utility-scale energy storage technology, determines its current market status, examines its impact on future markets and presents forecasts of growth over the next five years. Technological issues, including the latest trends, are assessed and discussed, as are the current and likely regulatory environments in support of this industry.

TABLE OF CONTENTS

CHAPTER 1: INTRODUCTION

STUDY GOALS AND OBJECTIVES 2
REASONS FOR COMPLETING THIS STUDY 2
INTENDED AUDIENCE 2
CONTRIBUTIONS TO THE STUDY AND FOR WHOM 3
SCOPE OF REPORT AND METHODOLOGY 3
WORLDWIDE MARKET 4
TABLE A LIST OF GLOBAL MARKETS CONSIDERED IN THIS STUDY 4
METHODOLOGY 5
TABLE B RESEARCH INFORMATION SOURCES 5
INFORMATION SOURCES 5
ANALYST'S CREDENTIALS 6
DISCLAIMER 6

CHAPTER 2: SUMMARY

SUMMARY 9
SUMMARY TABLE GLOBAL MARKET FOR UTILITY-SCALE ELECTRICITY STORAGE
TECHNOLOGY CAPITAL EXPENDITURE (CAPEX) BY TECHNOLOGY, THROUGH 2020
($ MILLIONS)`
10
SUMMARY FIGURE GLOBAL MARKET FOR UTILITY-SCALE ELECTRICITY STORAGE
TECHNOLOGY CAPEX BY TECHNOLOGY, 2014-2020 ($ MILLIONS) 10

CHAPTER 3: OVERVIEW

TABLE 1 UES TECHNOLOGIES (MW) 12
UTILITY-SCALE ELECTRICITY STORAGE TECHNOLOGIES 13
BRIEF HISTORY 14
OVERALL CHALLENGES FOR THE EES INDUSTRY 15
CHALLENGES FOR IMPLEMENTING LARGE-SCALE EES 15
COSTS AND ECONOMIC VIABILITY 16
PUMPED HYDROLOGIC STORAGE 16
COMPRESSED AIR ENERGY STORAGE 17
BATTERY ENERGY STORAGE 18
TABLE 2 MAIN MECHANICAL AND ELECTRICAL ENERGY STORAGE SYSTEMS (MW,
MWH, $/KWH) 19
BENEFITS OF UTILITY-SCALE ELECTRICITY STORAGE TECHNOLOGIES 19
GRID BENEFITS 20
Load Leveling 20
FIGURE 1 STYLIZED REPRESENTATION OF A DAILY LOAD CURVE 20
Capacity Factor/Dispatch for Intermittent Renewables 21
Peaking Power Support 22
OFFSET OF NEEDED PEAKING POWER GENERATION CAPACITY 23
OFFSET OF NEEDED RENEWABLE GENERATION CAPACITY 23
ECONOMIC BENEFITS 24
Energy Arbitrage 24
Investment Deferral 24
RENEWABLE ENERGY DISPATCH AND TIMING BENEFITS 25
FIGURE 2 EXAMPLE OF OFFSET RENEWABLE GENERATION: WIND GENERATION,
CALIFORNIA (MW) 25
DRAWBACKS OF UTILITY-SCALE ELECTRICITY STORAGE TECHNOLOGIES 26
PHYSICAL CONSTRAINTS AND LAND REQUIREMENTS 26
WATER USE 26
ENVIRONMENTAL CONCERNS 27
ENERGY LOSS DURING STORAGE 27
ECONOMIC RISK 28
DESCRIPTION OF UTILITY-SCALE ELECTRICITY STORAGE TECHNOLOGIES AND
SYSTEM COMPONENTS 28
PUMPED HYDROLOGIC STORAGE 28
FIGURE 3 SALINA (OKLAHOMA) PUMPED STORAGE PROJECT 29
FIGURE 4 PHS SYSTEM UTILIZES SEAWATER, OKINAWA, JAPAN 30
FIGURE 5 EXCAVATED PHS CONCEPT 30
Pumps and Turbines 31
FIGURE 6 CROSS-SECTION OF A REVERSIBLE PUMP TURBINE 32
FIGURE 7 REVERSIBLE PUMP TURBINE DURING ASSEMBLY 32
FIGURE 8 GENERATOR FOR A REVERSIBLE PUMP TURBINE 33
GRAVITY POWER MODULE PUMPED HYDRO STORAGE 33
FIGURE 9 CROSS-SECTION OF GRAVITY POWER MODULE (GPM) SYSTEM 33
COMPRESSED AIR ENERGY STORAGE 35
FIGURE 10 HUNTORF CAES 35
FIGURE 11 MCINTOSH CAES 36
FIGURE 12 SCHEMATIC REPRESENTATION OF A CAES SYSTEM 37
Air Compressors 37
FIGURE 13 AXIAL AIR COMPRESSOR (LEFT) AND RADIAL AIR COMPRESSOR (RIGHT) 37
Intercoolers and Aftercoolers 38
Recuperators 38
Expanders 38
FIGURE 14 AIR EXPANDER 39
Gas Turbine 39
FIGURE 15 STANDARD GAS TURBINE WITH COMPRESSOR SECTION 39
Generators 40
FIGURE 16 MCINTOSH GAS TURBINE (BOTTOM), GENERATOR (TOP), AND EXHAUST
(RIGHT) 40
UTILITY APPLICATIONS 41
TABLE 3 UTILITY APPLICATIONS OF PHS, CAES AND BES 41
EMERGING UTILITY-SCALE ELECTRICITY STORAGE TECHNOLOGIES 42
FIGURE 17 COMPARISON OF PHS, CAES, BES AND EMERGING TECHNOLOGIES 42
OVERVIEW OF SMALL-SCALE AND EMERGING TECHNOLOGIES 43
FIGURE 18 MATURITY STAGE OF ENERGY STORAGE SYSTEMS 43
CAES Heat Storage and Advanced Adiabatic CAES 44
Flow Batteries 45
FIGURE 19 FLOW BATTERY SYSTEM 45
Lead-Acid Batteries 46
Lithium-Ion Batteries 46
Sodium-Sulfur Battery Systems 46
Vanadium Redox Battery Systems 47
Zinc-Bromine Battery Systems 47
Ultracapacitors 47
Flywheels 47
REVIEW OF RELEVANT EMERGING TECHNOLOGIES AND POTENTIAL FOR
MARKET READINESS 48
FIGURE 20 COMPARISON OF PHS, CAES AND EMERGING TECHNOLOGIES 48
CHAPTER 4 REGULATORY SUPPORT AND INCENTIVES FOR CAES, PHS AND ENERGY
STORAGE TECHNOLOGIES 50
REGULATORY SUPPORT AND INCENTIVES 50
UNITED STATES REGULATORY SUPPORT AND INCENTIVES 51
FEDERAL 52
U.S. Internal Revenue Service 52
Renewable Electricity Production Tax Credit 52
TABLE 4 RENEWABLE ELECTRICITY PRODUCTION TAX CREDIT: IN-SERVICE
DEADLINE, 2014 ($/KWH) 53
FIGURE 21 IMPACT OF PRODUCTION TAX CREDIT EXPIRATION AND EXTENSION ON
U.S. ANNUAL INSTALLED WIND CAPACITY 53
Qualifying Advanced Energy Manufacturing Investment Tax
Credit 54
Phase III 54
Clean Renewable Energy Bonds 55
TABLE 5 CLEAN RENEWABLE ENERGY BONDS ALLOCATION SUMMARY, 2015 56
Qualified Energy Conservation Bonds 56
U.S. Department of Energy 58
Green Power Purchasing Goal 58
Loan Guarantee Program 59
Innovative Technology Loan Guarantee Program 59
Renewable Energy and Efficient Energy Projects 60
Renewable Electricity Production Incentive 61
U.S. Department of Agriculture 62
USDA Rural Energy for America Program - Grants and Loan
Guarantees 62
Rural Energy for America Program (REAP) 64
SELECT STATE-LEVEL STANDARDS AND INCENTIVES 65
Alaska 65
Renewable Energy Grant Recommendation Program 65
Alternative Energy Conservation Loan Fund 66
Arizona 67
Renewable Energy Business Tax Incentive 67
Property Tax Assessment for Renewable Energy Property 68
Property Tax Assessment for Renewable Energy Equipment 69
Renewable Energy Production Tax Credit (Corporate) 69
TABLE 6 TAX CREDIT FOR PHOTOVOLTAICS (PV) AND SOLAR THERMAL ELECTRIC
SYSTEMS VARIATION, 2011-2020 ($/KWH) 70
Renewable Energy Tax Credit for Manufacturers (Corporate) 70
Renewable Energy Standard 71
TABLE 7 ARIZONA RENEWABLE ENERGY AND DISTRIBUTED RENEWABLE QUOTAS,
2006-2025 (RETAIL ELECTRICAL LOAD % [% OF RENEWABLE ENERGY QUOTA]) 71
California 72
Renewable Portfolio Standard 72
LADWP - Feed-in Tariff (FiT) Program 74
TABLE 8 BASE PRICE OF ENERGY AND TIME OF DELIVERY MULTIPLIERS ($/KW) 75
Colorado 75
Renewable Energy Property Tax Assessment 75
TABLE 9 COLORADO RENEWABLE ENERGY PROPERTY TAX ASSESSMENT COST
THRESHOLD VALUES, 2009 ($/KW) 76
New Energy Economic Development Grant Program 77
Renewable Energy Standard 77
Requirement for Investor-Owned Utilities 78
Distributed Generation Carve-out (Investor-Owned Utilities
Only) 78
TABLE 10 COLORADO RENEWABLE PORTFOLIO STANDARD QUOTAS, 2007-2020 (%) 78
Requirement for Cooperatives and Municipal Utilities 79
Credit Multipliers 79
Renewable Energy Property Tax Assessment 80
Hawaii 81
Farm and Aquaculture Alternative Energy Loan 81
High-Technology Business Investment Tax Credit 81
Renewable Energy Project Bond Program 82
Iowa 83
Alternative Energy Law (AEL) 83
Energy Replacement Generation Tax Exemption 83
Solar Energy Systems Tax Credit (Corporate) 84
Renewable Energy Production Tax Credits (Corporate) 84
Maine 86
Renewable Portfolio Standard 86
TABLE 11 CLASS I STANDARD FOR MAINE RENEWABLES PORTFOLIO STANDARD,
2008-2017 AND BEYOND (%) 86
Maine's Wind Energy Goals 87
Maryland 87
Renewable Energy Portfolio Standard 87
TABLE 12 MARYLAND RENEWABLE ENERGY PORTFOLIO STANDARD COMPLIANCE
REQUIREMENTS, 2006-2022 AND BEYOND (%) 88
Michigan 91
Renewable Energy Standard 91
TABLE 13 MICHIGAN RENEWABLE ENERGY STANDARD, ANNUAL BENCHMARKS,
2012-2015 (PERCENT OF TOTAL 2015 OBLIGATION*) 91
New Mexico 94
Interconnection Standards 94
Renewable Energy Production Tax Credit (Corporate) 95
TABLE 14 NEW MEXICO RENEWABLE ENERGY PRODUCTION TAX INCENTIVE
($/KWH) 95
New York 96
Renewable, Clean Energy and Energy Efficient Product
Manufacturing Incentive Program 96
Oklahoma 98
Zero-Emission Facilities Production Tax Credit 98
Oregon 99
Solar Electric Incentive Program 99
Pennsylvania 100
DECD Alternative Clean Energy Program 100
Loans 101
Grants 102
Loan Guarantees 102
South Carolina 103
Distributed Energy Resource Program 103
Texas 104
Austin - Renewables Portfolio Standard 104
Renewable Generation Requirement 105
TABLE 15 TEXAS RENEWABLE GENERATION REQUIREMENT COMPLIANCE
SCHEDULE, 2007-2015 (MW) 106
Department of Rural Affairs - Renewable Energy Demonstration
Pilot Program 107
INTERNATIONAL REGULATORY SUPPORT AND INCENTIVES: EUROPE 108
European Union 109
EU Climate and Energy Package: Renewable Energy Targets 109
An Energy Policy for Europe 110
European Council Action Plan (2007-2009) Energy Policy for
Europe 110
Seventh Framework Program for Research and Technological
Development 111
TABLE 16 ENERGY RESEARCH UNDER FP7 111
Strategic Energy Technology Plan: Toward a Low Carbon Future 112
Directive on the Taxation of Energy Products and Electricity 112
Austria 113
Klima: Aktiv Program 113
Okostromverordnung (feed-in tariffs) 2010 - OSVO 2010 113
Belgium 114
Offshore Domanial Concessions for Wind and Ocean Energy
Production 114
Federal Green Certificate Scheme 115
Flanders: Green Certificate Scheme 115
Wallonia: Green Certificate Scheme 115
National Renewable Energy Action Plan (NREAP) 116
Denmark 117
Energy Research Programme 117
Electricity Supply Act 117
Subsidies for Renewable Electricity Generation 117
Replacement Scheme for Wind Turbines on Land 118
Danish Energy Agreement for 2012-2020 119
Energy-efficiency Measures 120
Renewable Energy in Industry 120
Promotion of Renewable Energy Act 120
Feed-in Premium Tariffs for Renewable Power 122
France 123
Wind Energy Programme 123
Electricity Law 2000 123
Renewable Energy and Energy Efficiency Partnership 124
Hydropower Revival Plan 124
Renewable Energy Feed-In Tariff: Solar PV 125
Energy Bill 2015 126
Germany 126
Green Power 126
Renewable Energy Sources Act (Erneuerbare-Energien-Gesetz
EEG) 2004 127
2009 Amendment of the Renewable Energy Sources Act 128
2014 Amendment of the Renewable Energy Sources Act (EEG) 129
KfW Renewable Energies Program (KfW-Programme Erneuerbare
Energien) 131
Greece 131
Development Incentives for Renewable Energy Sources 131
Generation of Electricity using Renewable Energy Sources 132
Italy 133
RES Promotion - Decrees Implementing Directive 2001/77/EC 133
RES Promotion - Decree implementing Directive 2009/28/EC 133
Portugal 134
Wave Energy Pilot Zone 134
Renewable Feed-in Tariffs 134
Microgeneration Law (Application Decree Law 118-A/2010) 134
Spain 135
Offshore Wind Power Regulations 135
Feed-in Tariffs for Electricity from Renewable Energy Sources 135
Cabinet of Ministers Ruling for Wind and Solar Thermal Electric
Energy Quotas 137
Sustainable Economy Law 137
United Kingdom 137
Renewable Energy Strategy 2009 137
Offshore Wind Capitol Grants Scheme 139
INTERNATIONAL REGULATORY SUPPORT AND INCENTIVES: ASIA AND
AUSTRALIA 139
Australia 139
Renewable Energy Target 139
Clean Energy Program 140
Renewable Energy Demonstration Program 140
Improving Grid Accessibility 140
China 141
Preferential Tax Policies for Renewable Energy 141
Medium- and Long-Term Development Plan for Renewable
Energy 141
Wind Power Concession Programme 142
India 142
Renewable Energy Certificates System 143
Indonesia 143
National Energy Blueprint 143
New Zealand 144
Marine Energy Deployment Fund 144
Thailand 144
Strategic Plan for Renewable Energy Development 144
CHAPTER 5 INDUSTRY STRUCTURE 146
INDUSTRY ORGANIZATION 146
FIGURE 22 INDUSTRY STRUCTURE FOR PROCUREMENT/INSTALLATION OF PHS AND
CAES TECHNOLOGIES 146
UTILITY-SCALE ELECTRICITY STORAGE DEVELOPERS 147
ENGINEERING AND PROJECT MANAGEMENT CONTRACTORS 148
COMPONENT MANUFACTURERS AND FABRICATORS 148
CONSTRUCTION AND PROCUREMENT CONTRACTORS 149
RAW MATERIALS PRODUCERS 149
GLOBAL INDUSTRY STRUCTURE 150
NORTH AMERICA 150
Industry Trends 150
FIGURE 23 U.S. UES STORAGE TECHNOLOGIES IN USE BY MARKET SHARE (GW) 150
FIGURE 24 CUMULATIVE COMMISSIONED PHS INSTALLATIONS IN THE UNITED
STATES BY CAPACITY, 2009-2014 (MW) 151
Major Industry Companies 152
TABLE 17 MAJOR NORTH AMERICAN UES COMPONENT MANUFACTURERS AND
ENGINEERING COMPANIES 153
Major North American UES Industry Facets 153
EUROPE 154
Industry Trends 154
FIGURE 25 PHS INSTALLATIONS IN EUROPEAN COUNTRIES (MW/%) 155
Major Industry Companies 155
TABLE 18 MAJOR EUROPEAN UES COMPONENT MANUFACTURERS AND
ENGINEERING COMPANIES 156
Major European UES Industry Facets 157
ASIA AND AUSTRALIA 157
Industry Trends 157
FIGURE 26 PUMPED STORAGE PROJECTS GROWTH IN CHINA BY CAPACITY,
1994-2020 (KW) 158
Major Industry Companies 158
FIGURE 19 FLOW BATTERY SYSTEM 159
Major Asian UES Industry Facets 159
REST OF THE WORLD 160
Industry Trends 160
Major Industry Companies 160
Major RoW UES Industry Facets 160
UES INDUSTRY ORGANIZATIONS 161
TABLE 20 MAJOR UES INDUSTRY GROUPS AND ORGANIZATIONS 161
CHAPTER 6 MAJOR MARKETS AND TRENDS IN PRICE AND PERFORMANCE 164
REGIONAL MARKETS AND TECHNOLOGY CHARACTERISTICS 164
UES MARKET PREREQUISITES 165
TABLE 21 PREREQUISITES FOR UES TRACTION IN REGIONAL MARKETS 165
DEMAND FOR UES TECHNOLOGIES 166
INFRASTRUCTURE SUFFICIENCY 166
SITING CONSIDERATIONS 167
GLOBAL MARKET CENTERS 167
NORTH AMERICA 167
TABLE 22 MAJOR HISTORIC UES PROJECTS IN NORTH AMERICA, 1961-1995 (MW) 168
FIGURE 27 U.S. PUMPED HYDRO STORAGE CAPACITY LOCATIONS (MW) 169
FIGURE 28 U.S. POTENTIAL NEW PUMPED STORAGE PLANT SITES AT GREENFIELD
HYDROELECTRIC PLANT SITES (MW) 170
TABLE 23 FEDERAL ENERGY REGULATORY COMMISSION PHS PERMITTING ACTIVITY,
OCTOBER 2014 (MW) 171
FIGURE 29 PRELIMINARY PERMITS ISSUED FOR PUMPED STORAGE PROJECTS MAP 171
FIGURE 30 LOCATIONS OF SELECT PROPOSED PHS PROJECTS 171
TABLE 24 NORTH AMERICAN PROPOSED CAES PROJECTS SINCE 2010 (MW) 172
Key Drivers for the North American Market 173
FIGURE 31 CO-OCCURRENCE OF WIND RESOURCES AND GEOLOGIC FORMATIONS
SUITABLE TO CAES 173
Growth Potential for the North American Market 174
North American Market Projected Trends 175
TABLE 25 NORTH AMERICAN PHS NEW CAPACITY AND MARKET, THROUGH 2020
(MW/$ MILLIONS) 177
FIGURE 32 NORTH AMERICAN PHS MARKET, 2014-2020 ($ MILLIONS) 177
TABLE 26 NORTH AMERICAN CAES NEW CAPACITY AND MARKET, THROUGH 2020
(MW/$ MILLIONS) 178
FIGURE 33 NORTH AMERICAN CAES MARKET, 2014- 2020 ($ MILLIONS) 178
CAES Storage/Appurtenances 179
BES Storage 179
TABLE 27 NORTH AMERICAN BES NEW CAPACITY AND MARKET, THROUGH 2020
(MW/$ MILLIONS) 179
FIGURE 34 `NORTH AMERICAN BES MARKET, 2014-2020 ($ MILLIONS) 179
EUROPE 180
TABLE 28 MAJOR HISTORIC UES PROJECTS IN EUROPE, 1965-2008 (MW) 180
TABLE 29 EUROPEAN PHS PROJECTS BY COUNTRY, 2015-2019 (MW) 182
FIGURE 35 ANNOUNCED EUROPEAN PHS CAPACITY, BY COUNTRY (MW) 183
FIGURE 36 EUROPEAN PHS ELECTRICITY GENERATION, BY COUNTRY (TWH) 184
TABLE 30 EUROPEAN CAES ANNOUNCED CAES PROJECTS SINCE 2007 (MW) 185
Key Drivers for the European Market 185
FIGURE 37 CO-OCCURRENCE OF WIND RESOURCES AND GEOLOGIC FORMATIONS
SUITABLE TO CAES 186
Growth Potential for the European Market 187
European Market Projected Trends 188
TABLE 31 EUROPEAN PHS NEW CAPACITY AND MARKET, THROUGH 2020 (MW/$
MILLIONS) 189
FIGURE 38 EUROPEAN PHS MARKET, 2014-2020 ($ MILLIONS) 189
TABLE 32 EUROPEAN CAES NEW CAPACITY AND MARKET, THROUGH 2020 (MW/$
MILLIONS) 190
FIGURE 39 EUROPEAN CAES MARKET, 2014-2020 ($ MILLIONS) 190
TABLE 33 EUROPEAN BES NEW CAPACITY AND MARKET, THROUGH 2020 (MW/$
MILLIONS) 191
FIGURE 40 EUROPEAN BES MARKET, 2014-2020 ($ MILLIONS) 192
ASIA/AUSTRALIA 192
TABLE 34 MAJOR HISTORIC UES PROJECTS IN ASIA AND AUSTRALIA BY COUNTRY,
1972-2010 (MW) 193
TABLE 35 ASIAN/AUSTRALIAN PHS PROJECTS BY COUNTRY, 2015-2020 (MW) 195
Key Drivers for the Asian/Australian Market 196
FIGURE 41 OCCURRENCE OF SALT FORMATIONS SUITABLE TO CAES 197
Growth Potential for the Asian/Australian Market 198
Asian/Australian Market Projected Trends 198
TABLE 36 ASIAN/AUSTRALIAN PHS NEW CAPACITY AND MARKET, THROUGH 2020
(MW/$ MILLIONS) 199
FIGURE 42 ASIAN/AUSTRALIAN PHS MARKET, 2014-2020 ($ MILLIONS) 199
TABLE 37 ASIAN/AUSTRALIAN CAES NEW CAPACITY AND MARKET, THROUGH 2020
(MW/$ MILLIONS) 200
FIGURE 43 ASIAN/AUSTRALIAN CAES MARKET, 2014-2020 ($ MILLIONS) 200
TABLE 38 ASIAN/AUSTRALIAN BES NEW CAPACITY AND MARKET, THROUGH 2020
(MW/$ MILLIONS) 201
FIGURE 44 ASIAN/AUSTRALIAN BES MARKET, 2014-2020 ($ MILLIONS) 201
REST OF THE WORLD 202
TABLE 39 MAJOR HISTORIC UES PROJECTS IN LATIN AMERICA AND AFRICA,
1981-2004 (MW) 202
TABLE 40 REST OF THE WORLD PHS PROJECTS, 2015-2018 (MW) 203
Key Drivers for the Rest of the World Market 204
Growth Potential for the Rest of the World Market 204
Rest of the World Market Projected Trends 204
TABLE 41 REST OF THE WORLD PHS NEW CAPACITY AND MARKET, THROUGH 2020
($ MILLIONS) 205
FIGURE 45 REST OF THE WORLD PHS MARKET, 2014-2020 ($ MILLIONS)` 205
TABLE 42 REST OF THE WORLD BES NEW CAPACITY AND MARKET, THROUGH 2020
(MW/$ MILLIONS) 206
FIGURE 46 REST OF THE WORLD BES MARKET, 2014-2020 ($ MILLIONS) 206
OVERVIEW OF THE GLOBAL UES TECHNOLOGY MARKET AND REGIONAL
COMPARISON 206
TABLE 43 GLOBAL PHS MARKET BY REGION, THROUGH 2020 ($ MILLIONS) 208
FIGURE 47 GLOBAL PHS MARKET BY REGION, 2014-2020 ($ MILLIONS) 208
TABLE 44 GLOBAL CAES MARKET BY REGION, THROUGH 2020 ($ MILLIONS) 208
FIGURE 48 GLOBAL CAES MARKET BY REGION, 2014-2020 ($ MILLIONS) 209
TABLE 45 GLOBAL BES MARKET BY REGION, THROUGH 2020 ($ MILLIONS) 209
FIGURE 49 GLOBAL BES MARKET BY REGION, 2014-2020 ($ MILLIONS) 209
TABLE 46 GLOBAL BES MARKET BY TECHNOLOGY, THROUGH 2020 (MW/$
MILLIONS) 210
FIGURE 50 GLOBAL BES MARKET BY TECHNOLOGY, 2014-2020 ($ MILLIONS) 210
TABLE 47 GLOBAL UES NEW CAPACITY BY TECHNOLOGY, THROUGH 2020 (MW) 212
FIGURE 51 GLOBAL UES NEW CAPACITY BY TECHNOLOGY, 2014-2020 (MW) 212
TABLE 48 GLOBAL UES MARKET BY TECHNOLOGY, THROUGH 2020 ($ MILLIONS) 213
FIGURE 52 GLOBAL UES MARKET BY TECHNOLOGY, 2014-2020 ($ MILLIONS) 213
CHAPTER 7 COMPANY PROFILES 215
PUMPED HYDROLOGIC STORAGE PRODUCTS AND SYSTEMS 215
TURBINES 215
ABB Ltd. 215
North American Corporate Headquarters 215
TABLE 49 COMPANY OVERVIEW: ABB, LTD. 216
Alstom Hydro S.L. 216
Alstom Power Inc. 217
TABLE 50 COMPANY OVERVIEW: ALSTOM HYDRO S.L. 217
Andritz Hydro GmbH 218
Andritz Hydro Corp. 218
TABLE 51 COMPANY OVERVIEW: ANDRITZ HYDRO GMBH 218
Ansaldo Energia 219
Ansaldo Energia Spa 219
TABLE 52 COMPANY OVERVIEW: ANSALDO ENERGIA 220
B. Maier Wasserkraft GmbH Anlagenbau 220
TABLE 53 COMPANY OVERVIEW: B. MAIER WASSERKRAFT 221
Bharat Heavy Electricals, Ltd. 221
TABLE 54 COMPANY OVERVIEW: BHARAT HEAVY ELECTRICALS, LTD. 222
Chongqing Lisong Electromechanical Equipment Co., Ltd. 223
TABLE 55 COMPANY OVERVIEW: CHONGQING LISONG ELECTROMECHANICAL
EQUIPMENT CO., LTD. 223
Dongfang Electric Co., Ltd. 224
Dongfang - USA 224
TABLE 56 COMPANY OVERVIEW: DONGFANG ELECTRIC CORP. 225
Ebara Corp. 225
Ebara America Corp. 225
TABLE 57 COMPANY OVERVIEW: EBARA CORP. 226
Gilbert Gilkes & Gordon, Ltd. 226
Gilkes Inc. 226
TABLE 58 COMPANY OVERVIEW: GILBERT GILKES & GORDON, LTD. 227
Global Hydro Energy GmbH 227
TABLE 59 COMPANY OVERVIEW: GLOBAL HYDRO ENERGY GMBH 228
Gugler Water Turbines GmbH 229
TABLE 60 COMPANY OVERVIEW: GUGLER WATER TURBINES GMBH 229
Harbin Electric Machinery Co., Ltd. 230
TABLE 61 COMPANY OVERVIEW: HARBIN ELECTRIC MACHINERY CO., LTD. 230
Hitachi, Ltd. Power Systems Co. 231
Hitachi Power and Industrial Systems Division 231
Hitachi Power Systems America 231
TABLE 62 COMPANY OVERVIEW: HITACHI, LTD. POWER SYSTEMS CO. 232
Hunan Lingling Hengyuan Generating Equipment Co., Ltd. 232
TABLE 63 COMPANY OVERVIEW: HUNAN LINGLING HENGYUAN GENERATING
EQUIPMENT CO., LTD. 233
HydroWorks Limited. 233
TABLE 64 COMPANY OVERVIEW: HYDROWORKS LIMITED 234
Hyundai Ideal Electric Co. 234
TABLE 65 COMPANY OVERVIEW: HYUNDAI IDEAL ELECTRIC CO. 235
IMPSA International Inc. 235
USA - IMPSA International 235
TABLE 66 COMPANY OVERVIEW: IMPSA INTERNATIONAL INC. 236
Ingeteam Energy, SA 236
Ingeteam Energy, SA 237
TABLE 67 COMPANY OVERVIEW: INGETEAM ENERGY SA 237
Kirloskar Brothers, Ltd. 238
Kirloskar Brothers, LLC 238
TABLE 68 COMPANY OVERVIEW: KIRLOSKAR BROTHERS, LTD. 239
Litostroj Power d.o.o. 239
Litostroj Power - Litostroj Hydro Inc. 239
TABLE 69 COMPANY OVERVIEW: LITOSTROJ POWER D.O.O. 240
MarelliMotori 240
Marelli USA Inc. 241
TABLE 70 COMPANY OVERVIEW: MARELLIMOTORI S.P.A. 241
Mavel a.s. 242
Mavel a.s. 242
TABLE 71 COMPANY OVERVIEW: MAVEL A.S. 242
Meidensha Corp. 243
Meiden America Inc. 243
TABLE 72 COMPANY OVERVIEW: MEIDENSHA CORP. 243
Mitsubishi Heavy Industries, Ltd. 244
Mitsubishi Electric Power Products Inc. 244
TABLE 73 COMPANY OVERVIEW: MITSUBISHI HEAVY INDUSTRIES AND MITSUBISHI
ELECTRIC 245
OJSC Turboatom 245
TABLE 74 COMPANY OVERVIEW: OJSC TURBOATOM 246
Orengine International, Ltd. 246
TABLE 75 COMPANY OVERVIEW: ORENGINE INTERNATIONAL, LTD. 247
Ossberger GmbH + Co. 247
Ossberger Turbines Inc. 247
TABLE 76 COMPANY OVERVIEW: OSSBERGER GMBH + CO 248
Parsons Peebles Generation, Ltd. 248
TABLE 77 COMPANY OVERVIEW: PARSONS PEEBLES GENERATION, LTD. 249
Pentair Inc 249
TABLE 78 COMPANY OVERVIEW: OJSC POWER MACHINES 250
Power Machines OJSC 251
Rainpower Norway AS 252
TABLE 79 COMPANY OVERVIEW: RAINPOWER NORWAY AS 253
Reivax Automação e Controle S/A 253
Reivax North America Inc. 253
TABLE 80 COMPANY OVERVIEW: REIVAX S/A AUTOMACAO CONTROLE 254
Rittmeyer AG 254
Sales Office USA 254
TABLE 81 COMPANY OVERVIEW: RITTMEYER AG 255
Ruselprom Engineering Ltd 255
Ruselprom Trade Office 256
TABLE 82 COMPANY OVERVIEW: JSC TURBOENGINEERING-RUSELPROM 256
Sicmemotori SpA 257
TABLE 83 COMPANY OVERVIEW: SICMEMOTORI SPA 257
SPP Pumps 258
SPP Pumps Inc. 258
TABLE 84 COMPANY OVERVIEW: SPP PUMPS 259
Sundyne Corp. 259
TABLE 85 COMPANY OVERVIEW: SUNDYNE CORP. 260
TES Vsetin a.s. 260
TABLE 86 COMPANY OVERVIEW: TES VSETIN 261
Toshiba Hydro Power 261
TABLE 87 COMPANY OVERVIEW: TOSHIBA POWER SYSTEMS CO. 262
UCM Resita Turbines 262
TABLE 88 COMPANY OVERVIEW: UCM RESITA SA 263
VAPTECH 264
TABLE 89 COMPANY OVERVIEW: VAPTECH 264
Voith Hydro GmbH & Co. KG 265
Peak Hydro Services Inc. 265
TABLE 90 COMPANY OVERVIEW: VOITH HYDRO GMBH CO. KG 266
Wasserkraft Volk AG 266
TABLE 91 COMPANY OVERVIEW: WASSERKRAFT VOLK AG 267
Weir American Hydro 267
Weir American Hydro Manufacturing USA 267
TABLE 92 COMPANY OVERVIEW: WEIR AMERICAN HYDRO 268
COMPRESSED AIR ENERGY STORAGE PRODUCTS AND SYSTEMS 269
ALMIG KOMPRESSOREN GMBH 269
ALMiG USA Corp. 269
TABLE 93 COMPANY OVERVIEW: ALMiG KOMPRESSOREN GMBH 269
ALSTOM POWER 270
U.S. Sales 270
TABLE 94 COMPANY OVERVIEW: ALSTOM POWER 270
ANSALDO ENERGIA 271
Milano Offices 271
TABLE 95 COMPANY OVERVIEW: ANSALDO ENERGIA 272
API HEAT TRANSFER INC. 272
TABLE 96 COMPANY OVERVIEW: API HEAT TRANSFER INC. 273
ATLAS COPCO GAS AND PROCESS GMBH 273
Atlas Copco Compressors Inc. 274
TABLE 97 COMPANY OVERVIEW: ATLAS COPCO GAS AND PROCESS 274
BAUER COMP HOLDING GMBH 275
Bauer Compressors Inc. 275
TABLE 98 COMPANY OVERVIEW: BAUER COMPRESSORS 276
BRAYTON ENERGY, LLC 276
TABLE 99 COMPANY OVERVIEW: BRAYTON ENERGY 277
BTEC TURBINES, LP 277
TABLE 100 COMPANY OVERVIEW: BTEC TURBINES, LP 278
DRESSER-RAND 278
TABLE 101 COMPANY OVERVIEW: DRESSER-RAND 279
ELLIOTT CO. 279
Ebara Corp. 280
TABLE 102 COMPANY OVERVIEW: ELLIOTT CO. 280
GE ENERGY 281
TABLE 103 COMPANY OVERVIEW: GE ENERGY 281
MAN DIESEL & TURBO SE 282
MAN Diesel PrimeServ 282
TABLE 104 COMPANY OVERVIEW: MAN DIESEL AND TURBO SE 283
PARKER HANNIFIN 283
TABLE 105 COMPANY OVERVIEW: PARKER HANNIFIN 284
R&D DYNAMICS CORP. 284
TABLE 106 COMPANY OVERVIEW: R &D DYNAMICS CORP. 285
SIEMENS AG 285
TABLE 107 COMPANY OVERVIEW: SIEMENS ENERGY 286
SOLAR TURBINES INC. 286
TABLE 108 COMPANY OVERVIEW: SOLAR TURBINES INC. 287
SSS GEARS 287
SSS Clutch Co. Inc. 287
TABLE 109 COMPANY OVERVIEW: SSS GEARS, LTD. 288
STRUTHERS WELLS 288
TABLE 110 COMPANY OVERVIEW: STRUTHERS WELLS 289
SUSTAINX 290
TABLE 111 COMPANY OVERVIEW: SUSTAINX INC. 290
CHAPTER 8 APPENDIX I 293
CURRENCY CODES 293
ABBREVIATIONS OF UNITS OF MEASUREMENT 293
ACRONYMS 294
CHAPTER 9 APPENDIX II 297
REFERENCES 297

 

Additional Information:
Pricing on the website is provided for single users and 2-5 users licenses only. Please contact us to purchase other multi-user licenses.
Date of Publication:
Jul 7, 2015
File Format:
PDF via E-mail
Number of Pages:
289 Pages
Type the characters you see in the picture above.