1. The Global Market
Electrochemical Storage Projects Continue a Steady Growth
According to partial statistics provided by the China Energy Storage Alliance (CNESA) Global Energy Storage Database, at the 2017 year’s end, global energy storage projects reached a total operational scale of 175.4GW. Pumped hydro storage occupied the largest portion of the capacity at 96%, a decrease of 1 percentage point from the previous year. Electrochemical capacity occupied a total of 2926.6MW, or 1.7% of the total, an increase of 0.5 percentage points from the previous year. 2017 saw the installation of a total of 914.1MW of new electrochemical capacity, an increase of over 20% compared to 2016.
In comparing energy storage distribution by region, the United States saw the greatest increase in new capacity at 210.3MW. Australia saw the greatest increase in comparison to 2016, at 1277%
In comparing energy storage distribution by application, renewable integration saw the largest increase in new capacity in comparison to 2016, at 300.8MW, a 119% increase.
In comparing the distribution by technology, Li-ion batteries had the greatest installed capacity at 845.9MW, or over 90% of the total. Growth in lead-acid batteries was highest in comparison to 2016 Q4, at nearly 100%, over three times that of Li-ion batteries.
2. The Chinese Market
Electrochemical Storage Capacity Continues to Grow Steadily
According to partial statistics provided by the CNESA Global Energy Storage Database, as of the 2017 year’s end, China achieved a total of 28.9GW of operational energy storage capacity. Pumped hydro storage occupied the greatest percentage of storage capacity, at nearly 99%. Electrochemical storage capacity occupied 389.8MW, or 1.3% of the total, an increase of 0.2 percentage points since the previous year. In 2017, China put into operation a total of 121MW of new electrochemical capacity, an over 15% increase compared to 2016.
In comparing China’s energy storage distribution by region, the majority of operational capacity was concentrated in east, north, south, and northwest China. Jiangsu province possessed the largest scale of operational capacity at nearly 50MW.
In comparing distribution by application, renewable integration, ancillary services, and behind-the-meter energy storage occupied the entirety of all new capacity. Of these, behind-the-meter applications were of the largest scale, at over 70MW. Ancillary services saw the largest increase from the previous year, at nearly 1000%.
In comparing the distribution by technology, Li-ion and lead-acid batteries were at a relatively equal scale of 51% and 49%, respectively. At the same time, lead-acid batteries saw the greatest increase since the previous year, at over 81%.
3. About this Report
The complete version of the Global Energy Storage Market Tracking Report (2017) can be downloaded from the CNESA ES Research website.
The ES Research site 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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