According to a brand new report from Navigant Research, international new capability additions of utility-scale energy storage (USES) programs are anticipated to achieve 1,557 MW in 2019, and this quantity is projected to develop at a compound annual progress charge of 34.8% to achieve 22,909 MW of latest capability deployed in 2028.
As the worldwide USES business continues its sample of speedy progress, inflection factors are arising world wide. The technology is turning into aggressive with typical power grid programs and, whereas the business stays various, repeating tendencies are surfacing within the early adopter markets which have grown and turn out to be extra mature.
“A key trend seen around the world is that the early stages of a market’s development typically include projects that are smaller and focused on single applications – often grid stability services such as frequency regulation,” says Alex Eller, senior analysis analyst at Navigant Research.
“As markets mature, such as the U.S., Germany, and Australia, new projects tend to shift to target more substantial multi-revenue-stream opportunities for capacity and reserve services, including combined renewables plus storage plants.”
The emergence of solar-plus-storage tasks has been a very powerful development seen within the international USES business previously two years, based on the report. These mixed tasks account for a big proportion of newly introduced energy storage capability, together with among the largest tasks being constructed.
Standardization amongst these new solar-plus-storage tasks has been key to driving their progress, each by way of technical designs and contract buildings by means of mixed power buy agreements.
For extra details about the report, click on here.
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