1. The Global Market
According to China Energy Storage Alliance Project Tracking Database statistics, as of the end of December 2018, global operational energy storage projects totaled 180.9GW, an increase of 3% compared to the same period the previous year. Pumped hydro made up the largest portion of this capacity at 170.7GW, an increase of 1.0% from the same period the previous year. Electrochemical energy storage and molten salt energy storage followed at 6.5GW and 2.8GW, an increase of 121% and 8% compared to the same period the previous year, respectively.
Global Operational Electrochemical Energy Storage Project Distribution
Data source: CNESA Project Database, 2019
In 2018, global newly operational electrochemical energy storage projects totaled 5.5GW, of which electrochemical energy storage comprised the largest portion, at 3.5GW, an increase of 288% compared to the previous year.
In the 4th quarter of 2018 (October to December), global newly added electrochemical energy storage projects totaled 1.55GW, an increase of 226% in comparison to the same time the previous year, and 276% since the third quarter of 2018.
2. The Chinese Market
According to China Energy Storage Alliance Project Tracking Database statistics, as of the end of December 2018, China’s operational energy storage project capacity totaled 31.2GW, an increase of 8% compared to the same period the previous year. Pumped hydro made up the largest portion of this capacity at 30.0GW, an increase of 5% in comparison to the same period the previous year. Electrochemical energy storage and molten salt storage followed at 1.01GW and 0.22GW, an increase of 159% and 1000% in comparison to the same time the previous year, respectively.
China’s Operational Electrochemical Energy Storage Project Distribution
Data source: CNESA Project Database, 2019
In 2018, China’s newly operational energy storage projects totaled 2.3GW. Of this, electrochemical energy storage made up 0.6GW, an increase of 414% in comparison to the previous year.
In the 4th quarter of 2018 (October – December), China’s newly added electrochemical energy storage project capacity totaled 286.5MW, an increase of 399% compared to the 4th quarter of the previous year, and 80% since the 3rd quarter of 2018.
3. About this Report
The Global Energy Storage Market Tracking Report, authored by the China Energy Storage Alliance Research Department, provides market data and status updates for each quarter of the year.
The complete version of our Global Energy Storage Market Tracking Report (2018.Q4) can be downloaded from the CNESA ES Research website at www.esresearch.com.cn.
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 our website at www.esresearch.com.cn to learn more about the research services we offer.
For questions or comments, please contact the CNESA Research Department:
Phone: 010-65667068-805
Email: na.ning@cnesa.org
This report copyright China Energy Storage Alliance (CNESA). No part of this report may be reproduced or redistributed without the prior permission of the China Energy Storage Alliance. Citations and/or publications of this report with prior permission must give credit to the China Energy Storage Alliance, and no alteration or deletion of information is permitted.