Research Articles

While they may have struggled to find their place in the market over the past few years, there will be significant adoption of redox flow batteries towards the end of the next decade according to a new IDTechEx market report, "Redox Flow Batteries 2021-2031".

The Vanadium Redox Flow Battery (VRFB) has been the first redox flow battery to be commercialized and to bring light to the flow battery technology. In the latest update of the IDTechEx report, "Redox Flow Batteries 2021-2031", a substantial forward-looking approach has been assumed in forecasting the trend of adoption of this technology, with a multi-billion market size in 2031.

The stationary energy storage market is growing very fast, with daily news of large installations announced at both sides of the power grid: Front-of-Meter and Behind-the-Meter.

The energy scenario is changing as a result of years of green policies adopted by the major countries in the world. With energy storage playing a key role toward the integration of variable renewable energy (VRE) in the power grid, will Li-ion batteries keep dominating the stationary storage market?

Why should people buy a hydrogen car, if they will barely opt for an electric one?

The strong potential of hydrogen is driven by the fact that it is impossible to electrify some of the most polluting sectors, including the steel, ammonia, and glass industries. In these sectors, hydrogen will be produced from renewable energy employing electrolyzer systems.

Among the Li-ion batteries competitors, the Redox Flow Battery (RFB) system is one of the main competitors currently approaching the market.

With more than 1TWh of battery capacity installed in the ten-year forecast and a market size of $56bn, the "Batteries for Stationary Energy Storage 2021-2031" report shows the fast-growing scale of this market, analyzing the main technologies involved in this energetic revolution.

Electricity generation from renewable energies is growing on a daily basis and, to integrate their variable nature, energy storage systems are growing in parallel. IDTechEx have investigated the evolution of the energy storage market, forecasting its growth in the next ten years, in the new report: "Batteries for Stationary Energy Storage 2021-2031".

IDTechEx investigate the evolution of the hydrogen market and the development of the hydrogen economies of the major countries around the world in their new report "The Hydrogen Economy, Fuel Cells and Hydrogen Production Methods".

In this second article from IDTechEx, a more detailed analysis about the different chemistries will show the main RFB technologies currently available or under development, beginning with the most adopted and investigated Redox Flow Batteries (RFB), the Vanadium Redox Flow Batteries (VRFB).

In this first part of a series of articles from IDTechEx, an overview of the flow batteries characteristics is provided, extrapolated from IDTechEx's recent report "Redox Flow Battery 2020-2030: Forecast, Challenges, Opportunities".