Grid
Scale Battery Market – Overview
Grid scale battery are collection
of methods used to store electric energy on large scale within electric power
grid. Grid scale battery are mostly used in services such as load management,
power quality and UPS. Numerous batteries are used for grid application
according to their power capabilities. Pumped-hydro station uses the services
like load management due to their large power capabilities.
Energy management technique generally
used in bulk power management. Inventions on this battery has done on wide
scale on commercial basis to store energy during peak period and release when
the consumption of power is less.
Competitive
Landscape
The chief competitors in the grid
scale battery market globally are Samsung (South Korea), Fluence (US), Tesla
(US), GS Yuasa (Japan), Panasonic (Japan), LG Chem (South Korea), BYD Company
(China), Saft (France), S&C Electric (US), ABB (Switzerland), GE (US),
Toshiba (Japan), and NGK Insulators (Japan).
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Segmental
Analysis
The segmentation of the grid scale
battery market is carried out on the basis of battery type, power generation,
applications, and region.
On the basis of battery type, the
grid scale battery market is segmented into flow batteries, lithium-ion
batteries, sodium-based battery, and zinc-hybrid batteries.
Based on power generation, the grid
scale battery market is segmented into power capacity or rating and energy
capacity.
Based on applications, the grid
scale battery market is segmented into load shifting, peak shaving, renewable
sources integration, and backup power.
The Regions included in the grid
scale battery market are Asia Pacific, Europe, North America and rest of world.
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Regional
Analysis
The regional analysis of the grid
scale battery market consists of regions such as Asia Pacific, Europe, North
America and rest of world. The grid scale battery market globally is projected
to flourish owing to the upsurge in investment in renewable energy, and the
dropping prices of the grid-scale battery. Moreover, firms included in this
sector are increasingly focusing on R & D to guarantee improved operational
efficiency because of the rising fleet players in the market. The North
American region is controlling this market owing to the surge of renewable energy
in the residential sector, primarily due to the initiatives and measures that
have been taken to pave the way for utility-scale policy and storage
development. The solar development is adding to a new complementary technology
area which eventually is helping the growth in the grid scale battery market.
Industry
Updates:
Feb 2019 India has obtained its
first grid-scale battery energy storage system, the 10 MW system housed at Tata
Power Delhi Distribution’s Rohini substation is supposed to be South Asia’s
biggest. The 10 MW grid-connected system, held by AES and Mitsubishi
Corporation, will lay the trail for a broader implementation of grid-scale
energy storage technology throughout India. It uses the Advancion energy
storage platform from Fluence, a joint undertaking formed by AES and Siemens.
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