Navigant Publishes Report Showing Lithium Ion Batteries Energy Storage Capacity; Ricardo Rodriguez Quoted

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Navigant Research, the research and development division of Guidehouse, has released a new report, providing a database of global energy storage projects in addition to a regional analysis of technology choice, capacity and market share for deployed projects and projects in the pipeline, the company reported on Thursday.

“Although pumped hydro storage (PHS) still accounts for 96% of installed energy storage capacity worldwide, Li-ion is the choice technology among project developers and system integrators,” says Ricardo F. Rodriguez, research analyst with Navigant Research. “The technology is expected to account for 85% of newly installed energy capacity.”

Navigant’s report noted that regulatory policy, government incentives, deployment mandates, grid modernization programs and declining technology costs created market conditions in which hundreds of energy storage projects were deployed around the world between 2018 and 2019. 

The report stated that, in the current growth market, Lithium ion (Li-ion) batteries have continued to be the primary power source in the transformation of the power grid, accounting for 85 percent of the newly installed energy storage capacity.

In addition to the growth of Li-ion, three types of storage projects typified deployments across the globe in 4Q 2019, including commercial and industrial applications located behind-the-meter (BTM), utility-scale battery storage projects that replace gas peaker plants and utility-scale storage projects assembled at large solar PV or wind generation facilities.

Navigant also reported on Energy Storage Tracker 4Q19, stating that it provides a comprehensive resource of global energy storage projects. The Tracker includes a database of 2,169 projects, including at least 64,664 individual systems. It also tracks the country, region, market segment, capacity, status, technology vendor, systems integrator, applications, funding, investment and key milestones of each project. 

In addition, the report has provided an analysis of the technology choice region for energy storage, analysis of the leading regions for energy storage capacity and projects and market share analysis for technology vendors for deployed projects and projects in the pipeline. 

About Navigant Research

Navigant Research, the dedicated research arm of Guidehouse, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. 

The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of clean, intelligent, mobile, and distributed energy.

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