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Business Case Analysis for Energy Storage Systems for Utilities in Asia-Pacific

  • September 2014
  • 56 pages
  • Frost & Sullivan
Report ID: 2361185


Table of Contents

Evolving Landscape of Power Generation and Supply Management will Encourage Deployment of ESS at Grid Level

This study covers the factors that will drive the adoption of ESS at grid level in countries such as Australia, China, India, Japan, and South Korea. The study also comments on the present and upcoming storage technologies that will be commercially viable for energy storage at grid and power utilities level. The study evaluates different applications which are practically viable and beneficial and business case analysis is done for projects and applications that can be commercialized in the Asia-Pacific region.

Executive Summary
-Energy Storage Systems (ESS) is seen as a next level of up gradation in smart grid technologies by Asian power utilities after implementation of distribution automation and distributed generation.
-Energy efficiency of current technologies, long response time of utilities, and policy barriers at local and national level has held the progress of ESS at grid and utility levels in Asia-Pacific (APAC).
-Acceptance of ESS will take place slowly by utilities not just because better technologies have arrived but also because there is a certain push from the demand side and the whole landscape of power generation is evolving from centralized to distributed to prosumer or demand side generation.
-Different electrochemical technologies such as Li-ion, Valve Regulated Lead Acid (VRLA), and Ultra batteries will find its application across the supply and generation networks of the power utilities in APAC. However, Li-ion will have the highest demand in APAC across different applications due to its better performance and maturity of technology.
-Power utilities, grid owners, and power consumers in APAC will majorly deploy ESS for improving power reliability, renewable energy integration, and to reduce the cost of power generated through expensive fuels such as diesel.
-Still the biggest challenges restraining deployment of ESS at grid level are high costs, poor system designing, and lack of understanding about the concept of storage as a whole.
-Most of the ESS projects in APAC at grid or utility level are partially or fully funded by government or a third party to either make the project commercially viable or to evaluate feasibility of different storage technologies.
-Subsidies over % on the capital expenditure of ESS will be required at this point of time to make most of the ESS projects practically feasible for applications such as renewable integration, micro grid, and transmission and distribution (T&D) deferral.

Scope of the Study
-Only emerging and upcoming storage technologies have been considered for this study. Pumped Hydro Storage (PHS) and In-Ground Compressed Air Energy Storage (CAES) technologies, though profitable, have not been considered for this study.
-The study contains a view of different industry participants which are power utilities, energy storage system integrators, battery OEMs, energy storage systems (ESS) consultants, and government advisors.
-Cost analysis for different technologies is done for a particular size of the project. Each and every part of installation cost of ESS and operational expenditure (OPEX) is not covered due to limited data availability in the market. However, project costs are normalized on the basis of known costs of other projects. Commercial viability of the project is decided on the basis of payback period and life-cycle of energy storage technology.

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