Global Utility-Scale Renewable Energy Storage Industry

  • March 2013
  • -
  • Global Industry Analysts
  • -
  • 342 pages

This report analyzes the worldwide markets for Utility-Scale Renewable Energy Storage in US$ Million.

The report provides separate comprehensive analytics for the US, Europe, and Rest of World. Annual estimates and forecasts are provided for the period 2009 through 2018.

The report profiles 63 companies including many key and niche players such as A123 Systems, LLC., Altair Nanotechnologies, Inc., American Superconductor Corporation, Axion Power International, Inc., Ballard Power Systems, Inc., Beacon Power, LLC, Encell Technology, Inc., General Compression, Inc., Maxwell Technologies, Inc., NGK Insulators, Ltd., Prudent Energy Corporation, Saft Groupe S.A., Samsung SDI Co., Ltd., and ZBB Energy Corporation. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain.

Table Of Contents




I. INTRODUCTION, METHODOLOGY and PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation and Reporting Level I-2
Quantitative Techniques and Analytics I-2
Product Definitions and Scope of Study I-3


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW and TRENDS II-1
A Prelude II-1
Why Renewable Energy Storage Can Be a Game Changer for
Renewable Energy? II-1
The Current State of Energy Storage: An Overview II-2
Focus On Energy Efficiency to Drive Market and Technology
Prospects for Energy Storage II-3
Rising Renewable Energy Consumption to Drive Energy Storage
Market II-3
Opportunity Indicator II-4
Table 1: World Installed Base of Wind Energy (In Megawatts)
by Geographic Region for Years 2012 and 2017F (includes
corresponding Graph/Chart) II-4
Investments in Energy Storage: The Need of the Hour II-5
Technology Developments to Drive Growth II-5
Increasing Establishment of Solar Microgrids to Spur Growth II-6
Growing Deployment of Smart Grids to Drive Demand II-6
Opportunity Indicators II-7
Table 2: World Market for Smart Grid Technologies (2012):
Breakdown of Revenues in US$ Million by Geographic Region
(includes corresponding Graph/Chart) II-7
Government Intervention Critical to the Market’s Growth II-7
Ultracapacitor Grid Storage Rises in Popularity and Storage
Potential II-7
Table 3: World Market for Ultracapacitors (2015F): Breakdown
of Revenues in US$ Million for the Years 2015 by Geographic
Region (includes corresponding Graph/Chart) II-8
Large Fuel Cells for On-Grid Applications Fuel Growth in the
Market II-8
Table 4: World Market for Fuel Cells (2012): Percentage
Breakdown of Dollar Sales by Cell Type (includes
corresponding Graph/Chart) II-9
Economic Scenario in the U.S and Europe and Its Impact on Their
Respective Regional Markets II-9
Impact of the Fiscal Cliff and Sequestration Cuts on the Energy
Storage Market in the United States II-9
Impact of the European Debt Crisis on the Energy Storage
Market in Europe II-10
Table 5: European Energy Market (2012): Percentage Share
Breakdown of Energy Production by Category (includes
corresponding Graph/Chart) II-11

Table 6: European Renewable Energy Market (2011): Percentage
Share Breakdown of Energy Production by Type (includes
corresponding Graph/Chart) II-11
Market Outlook II-11

2. PRODUCT OVERVIEW II-12
Utility Scale Renewable Energy Storage: A Definition II-12
Types of Renewable Energy Storage Technologies II-12
Short-Term Renewable Energy Storage Technologies II-12
Supercapacitor Energy Storage II-12
Flywheel Energy Storage II-13
Superconducting Magnetic Energy Storage II-13
Long-Term Renewable Energy Storage Technologies II-13
Pumped Hydroelectric Energy Storage II-13
Compressed Air Energy Storage II-13
Battery Energy Storage II-14
Hydrogen Energy Storage II-14
SWOT Analysis of Different Long-Term Renewable Energy
Storage Technologies II-14
Significance of Renewable Energy Storage II-15
Minimizing Energy Costs II-15
Ensuring Reliable Supply of Energy II-15
Increasing Energy Autonomy II-15
Renewable Energy: A Primer II-16
An Introduction II-16
Renewable Energy: A Definition II-16
Benefits of Renewable Energy II-16
Environmental Benefits II-16
Economic Benefits II-17
Energy Security II-17
Sources of Renewable Energy II-17
Solar Energy II-17
Power Tower Systems II-17
Parabolic-Trough Systems II-17
Dish/Engine Systems II-18
Wind Energy II-18
Geothermal Energy II-18
Binary Cycle Power Plants II-18
Flash Steam Power Plants II-18
Dry Steam Power Plants II-18
Hydroelectric Power II-19
Bioenergy II-19
Hydrogen and Fuel Cells II-19
Ocean Energy II-20
Ocean Mechanical Energy II-20
Ocean Thermal Energy II-20
Disadvantages of Renewable Energy II-20
Disadvantages of Solar Energy II-20
Disadvantages of Wind Energy II-20
Disadvantages of Geothermal Energy II-20
Disadvantages of Hydroelectric Energy II-21
Disadvantages of Ocean Energy II-21

3. PRODUCT LAUNCHES/INTRODUCTIONS II-22
AllCell Technologies Introduces Lithium-ion Modules II-22
SandC Electric Deploys PureWave Storage Management System II-22
Sunverge Energy Introduces Intelligent System for Energy
Management II-22
Powin to Roll Out Energy Storage Solution II-22
Power-One Introduces AURORA Vision II-23

4. RECENT INDUSTRY ACTIVITY II-24
Wanxiang America Corporation Acquires A123 Systems II-24
Westinghouse Solar Signs Definitive Merger Agreement with CBD
Energy II-24
W2 Energy Inks LoI to Take Over Majority Stake in Artic Solar
Engineering II-24
Altair Nanotechnologies Signs Economic Cooperation Agreement
with Wu'an and Handan Cities II-25
Phostech Lithium Establishes Battery Materials Production
Facility in Quebec II-25
TAM Ceramics and ENrG Receive Grants from NYSERDA for Clean
Energy Power Systems II-26
Arista Power Obtains Contract from US Army for Development of
Intelligent Micro-Grid II-26
Woodward Inks Definitive Agreement to Purchase Integral Drive
Systems II-26
Surrette Battery Company to Retail Lithium-Polymer Batteries
of Corvus Energy II-27
Electrovaya Obtains Contract to Develop Battery Energy
Storage System II-27
CandD Technologies Receives Renewable Energy System Development
Contract from US Army II-27
McPhy Energy Bags Order from Nottingham University to Supply
Solid Hydrogen Storage Solution II-28
BrightSource Energy Adds SolarPlus Thermal Energy Storage
Capability to Purchase Agreements with Southern California
Edison II-28
City of Herten Chooses Hydrogenics for Wind-Hydrogen Energy
Storage Solution II-28
WindTamer Secures Order from PGM for Power on Demand Systems II-29
Arista Power Secures Order from FBI Audio Technology
Deployment Unit Power Sources Program II-29
Arista Power Obtains Order for Power of Demand System from
Senfry Group II-29
Progress Energy Selects IBM for Smart Grid Program II-30
Phillips Service Industries Takes Over Flywheel Manufacturing
Business of Pentadyne II-30
Southern California Edison Receives Stimulus Grant from US
Department of Energy II-30
Axion Power International Obtains Grant from Pennsylvania State II-30
HNU Energy Collaborates with International Battery for Solar
Power Project II-31
Suniva Collaborates with GS Battery II-31
SANYO Electric Group Inks Agreement with University of California II-31
Xcel Energy Releases Preliminary Test Results for Battery-
Storage Technology II-32

5. FOCUS ON SELECT GLOBAL PLAYERS II-33
A123 Systems, LLC. (USA) II-33
Altair Nanotechnologies, Inc. (USA) II-33
American Superconductor Corporation (USA) II-33
Axion Power International, Inc. (USA) II-34
Ballard Power Systems, Inc. (Canada) II-34
Beacon Power, LLC (USA) II-35
Encell Technology, Inc. (USA) II-35
General Compression, Inc. (USA) II-35
Maxwell Technologies, Inc. (USA) II-35
NGK Insulators, Ltd. (Japan) II-36
Prudent Energy Corporation (USA) II-36
Saft Groupe S.A. (France) II-36
Samsung SDI Co., Ltd. (South Korea) II-37
ZBB Energy Corporation (USA) II-37

6. GLOBAL MARKET PERSPECTIVE II-38
Table 7: World Recent Past, Current and Future Analysis for
Utility-Scale Renewable Energy Storage Technologies by
Geographic Region - US, Europe, and Rest of World Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2009 through 2018 (includes corresponding Graph/Chart) II-38

Table 8: World 10-Year Perspective for Utility-Scale Renewable
Energy Storage Technologies by Geographic Region - Percentage
Breakdown of Dollar Sales for US, Europe, and Rest of World
Markets for Years 2009, 2012, and 2018 (includes
corresponding Graph/Chart) II-39


III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Outlook III-1
Product Launches III-1
Strategic Corporate Developments III-3
Key Players III-11
B.Market Analytics III-15
Table 9: US Recent Past, Current and Future Analysis for
Utility-Scale Renewable Energy Storage Technologies with
Annual Sales in US$ Million for Years 2009 through 2018
(includes corresponding Graph/Chart) III-15

2. EUROPE III-16
A.Market Analysis III-16
Outlook III-16
Strategic Corporate Developments III-16
Saft Groupe S.A. (France) - A Key Player III-17
B.Market Analytics III-18
Table 10: European Recent Past, Current and Future Analysis
for Utility-Scale Renewable Energy Storage Technologies
with Annual Sales in US$ Million for Years 2009 through
2018 (includes corresponding Graph/Chart) III-18

3. REST OF WORLD III-19
A.Market Analysis III-19
Outlook III-19
Strategic Corporate Developments III-19
Key Players III-21
B.Market Analytics III-22
Table 11: Rest of World Recent Past, Current and Future
Analysis for Utility-Scale Renewable Energy Storage
Technologies with Annual Sales in US$ Million for Years
2009 through 2018 (includes corresponding Graph/Chart) III-22


IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 63 (including Divisions/Subsidiaries - 64)

The United States (42)
Canada (5)
Japan (3)
Europe (11)
- France (4)
- Germany (1)
- The United Kingdom (1)
- Italy (2)
- Rest of Europe (3)
Asia-Pacific (Excluding Japan) (3)

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