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Lithium battery will become the mainstream technology in Global energy storage market

Author: Source: Datetime: 2016-11-23 11:15:53

The global energy storage market will double as consumer households and businesses use solar power battery to make up for the deficiencies of solar cells and other renewable energy systems, a study reported.


It is predicted that the next 10 years, lithium-ion batteries will become the mainstream energy storage technology, in 2025 will account for more than 80% of the global energy storage market. Only this year, the global energy storage market will double, the capacity will be increased from 1 million 400 thousand kwh in 2015 to 2 million 900 thousand kwh. It is predicted that by 2025, the global grid energy storage system capacity will surge to 21 million kilowatts.


More than half of the energy storage systems are installed in consumer homes and businesses, driving force for personal use and spare demand.


Analysts said in a statement, "in recent years, energy storage system and the synchronous growth of solar photovoltaic power generation system, stimulate multiple industry manufacturers in automobile manufacturers, large Oil Natural Gas Corp, as well as between the traditional power plant, the recent acquisition shows this point."


It is predicted that the next 10 years the United States and Japan will be the largest energy storage market, accounting for 1/3 of the market revenue --500 billion U.S. dollars (about 332 billion 600 million yuan). By 2025, the Australian and Japanese energy storage systems will exceed 5% of the installed capacity, highlighting the growing importance of energy storage systems in power grid stability, renewable energy integration and energy management.


Booster said, the United States and Japan are the solar power generator systems market leader, but, with the battery costs continue to decline, the energy storage system has also been applied in South Africa, Kenya, Philippines and other countries."

 lithium batteries storage

Tesla and other companies are very important in the application of lithium-ion batteries in the field of electric vehicles and energy storage systems. This week, Tesla announced an investment of $5 billion (about 33 billion 300 million yuan) of the super battery factory production - although only completed 14%.


By 2018, the super battery plant will be able to produce enough batteries, so that Tesla can increase the production of electric vehicles to about 500 thousand per year. Tesla plans to sell its lowest priced electric car model Model 3 in 2018.

Tesla CEO Elon Mask (Elon Musk) is expected to 2020, the total battery power super battery factory production will reach 35 million kilowatts, the goal is through economies of scale per kilowatt hour battery capacity to reduce the cost of more than 30%.


Tesla currently sells home and commercial lithium ion battery energy storage system.


This week, Tesla released its ambitious program in the second part, including the seamless integration of the roof solar cells and battery solar backup generator system.

 storage market

Market research firm Research Navigant said in a study released last year, in fact, if there is no battery energy storage system, the U.S. power grid will collapse.


As the number of solar cells installed on the roof of the business and home grown, the U.S. grid system assumed the burden of their unexpected: two-way power transmission. The grid needs to transmit electricity to consumers, and consumers with solar cells are able to transport electricity to the grid.


Research, chief analyst at Navigant (Dehamna Anise) said, "the world is not a grid is designed for this kind of situation. All power grid is designed for non - directional transmission of electric power transmission from the power grid to the terminal user."

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