1. The Global Market
In the first quarter of 2018, the global electrochemical energy storage market experienced a growth of 94MW, a decrease of 37% from Q1 of last year.
In a regional comparison, the United Kingdom showed the greatest increase in new energy storage capacity, at 54.5MW. The United States followed closest behind in new growth. Installations in the United Kingdom and the United States were primarily devoted to ancillary services applications, with such applications making up 99% and 60% of the United Kingdom and the United States’ total installations, respectively.
In distribution of applications, ancillary services displayed the highest operational capacity at 73.8MW, or 79% of the total, an increase of 228% from Q1 of 2017. Behind-the-meter and renewable integration applications were second and third at 14% and 7%, respectively.
In a comparison of technologies, Li-ion batteries held the highest capacity at 93.7MW, or 99.7%. Li-ion batteries were distributed throughout a variety of energy storage applications, with the largest portion concentrated in ancillary services applications, at 79%.
2. The Chinese Market
China’s newly installed electrochemical capacity was relatively small in the first quarter of 2018, therefore the below analysis focuses only on projects that are newly planned/under construction.
In a regional comparison, projects newly planned/under construction were largely distributed in the areas of Xinjiang, Tibet, Jiangsu, and Inner Mongolia. Of these regions, Tibet and Xinjiang possessed the largest installations, both at 100MW and utilized in renewable integration applications.
In applications newly planned/under construction, the largest capacity was concentrated in renewable integration, at 200MW, or 88% of total applications. Behind-the-meter and ancillary services applications were second and third, at 8% and 4%, respectively. Of these applications, renewable integration and ancillary services both relied completely on Li-ion batteries. Behind-the-meter applications relied primarily on lead-acid batteries, at 89% of the total.
In technologies, projects newly planned/under construction were primarily Li-ion battery and lead-acid battery based, with Li-ion batteries comprising the largest capacity at 211MW, or 93% of the total. Li-ion battery usage was distributed amongst renewable integration, ancillary services, and behind-the-meter applications, with the most prevalent usage seen in renewable integration, at 95%.
3. About this Report
The complete version of our Global Energy Storage Market Tracking Report (2017) can be downloaded from the CNESA ES Research website.
The ES Research website was launched January 18, 2018. The site provides accurate, authoritative, and up-to-date market data analysis and information on the energy storage industry. Please visit the website at www.esresearch.com.cn or scan the QR code below to learn more about the research services we offer.
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