04 Dec 2024
Countries With Soon-to-Boom Li-ion BESS Markets
As a reliable and well-performing technology for battery energy storage systems (BESS), its demand in the global ES market has continued to grow at an impressive pace. This is expected to continue, and as found in their new market report, "Batteries for Stationary Energy Storage 2025-2035", IDTechEx estimates that the global Li-ion BESS market will be valued at US$109B in 2035.
23 Sep 2024
Stationary Energy Storage: Innovations in Li-ion Battery Technologies
Li-ion batteries remain the dominant electrochemical energy storage technology in the global market. Other battery storage technologies, such as redox flow batteries, Na-ion batteries, and metal-air batteries, have continued to remain as emerging technologies with a limited volume of deployments in the last few years.
07 Aug 2024
Li-ion BESS Market: Jumps in Demand and Key Trends
Demand for battery energy storage systems will continue to increase over the coming decade across key countries as the volume of renewable energy sources penetrating electricity grids continues to increase. Governments have continued to announce incentives and schemes to promote the growth of BESS, as well as announce and increase targets for both RES and battery and energy storage.
26 Jul 2024
Thermal Energy Storage for LDES and Decarbonization
As the penetration of variable renewable energy increases in key countries, so will the need to manage the increasing uncertainty and variability in electricity supply.
02 Jul 2024
Key Drivers for Thermal Energy Storage Technologies in Industry
Industries have traditionally used fossil fuels to produce heat for their processes or to fuel power plants to generate electricity, including the use of natural gas, oil, and coal. Industrial heating processes are responsible for ~25% of global emissions, and therefore, great attention from governments and states is being seen to decarbonize this area of industry.
28 May 2024
Thermal Energy Storage Technologies for Industrial Heating Application
Heating and cooling accounts for approximately 50% of global energy consumption, with 30% of this consumption represented by heating demand from industry. Given that the great majority of industrial heating processes use fossil fuels to generate heat, this has caused industrial heating processes to be responsible for ~25% of global emissions.
01 May 2024
Revenue Generation Challenges for Long Duration Energy Storage
As the volume of variable renewable energy (VRE) sources penetrating electricity grids increases globally, so does the need to manage the increasing uncertainty and variability in electricity supply. Long duration energy storage (LDES) technologies will be key in supporting electricity grids with greater penetrations of VRE over the coming decades. However, while many of the LDES technologies are likely to be cheaper than Li-ion batteries, on a US$/kWh basis at longer durations of storage, they will need to generate revenues from multiple sources in order to be profitable.
25 Apr 2024
IDTechEx Discusses Future Market Penetration of the Redox Flow Battery
The vanadium redox flow battery (VRFB) has prevailed as the most widely deployed and commercialized RFB chemistry over the last decade; despite this, the volume of their installations for stationary energy storage applications is still minimal compared to the incumbent Li-ion battery, but is this set to change?
09 Apr 2024
The Emerging Industrial Thermal Energy Storage Market
With ~90% of industrial heating processes using fossil fuels, this has led to approximately 25% of global energy pollution coming from heat produced for industrial processes. As such, demand for technologies to decarbonize industrial heating is expected to increase. One such technology that is able to store and supply heat to industrial processes is thermal energy storage (TES). TES for industrial applications currently only forms a minor percentage of global TES capacity, given that TES systems have been widely deployed in applications such as pairing with concentrated solar power (CSP) plants, district heating, cold chain, and space heating for buildings.
14 Mar 2024
Developments in Long Duration Energy Storage Technologies
As the volume of variable renewable energy (VRE) sources penetrating electricity grids increases globally, so does the need to manage the increasing uncertainty and variability in electricity supply. Long duration energy storage (LDES) technologies will be needed in key regions from the 2030s to support electricity grids with greater penetrations of VRE.
01 Feb 2024
When and Why Is Long Duration Energy Storage Technology Needed?
As the volume of variable renewable energy (VRE) sources penetrating electricity grids increases globally, so does the need to manage the increasing uncertainty and variability in electricity supply.
25 Jan 2024
EU Critical Raw Materials Act: Ambitious Targets to Secure Supply
Demand for Li-ion batteries continues to grow in sectors such as electric vehicles, stationary energy storage, and consumer electronics. From its market report, "Li-ion Battery Recycling Market 2023-2043", IDTechEx estimates that in 2023, total demand for Li-ion batteries was 750+ GWh across these sectors, which will increase to almost 10 TWh in 2043.