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Emerging Trends in Thermal Energy Storage 

  • September 2015
  • -
  • Frost & Sullivan
  • -
  • 68 pages

Emerging Trends in Thermal Energy Storage : High Energy Density Latent and Thermochemical Systems Dominate Future of Thermal Energy Storage

Thermal energy storage (TES) is a system to store thermal energy- TES can be differentiated into three different categories, namely sensible, latent and thermochemical- The main drivers that propel development of TES system are advancements in material sciences and the emergence of smart thermal grid- Although some of the TES system is already mature especially sensible, adoption of this technology is still slow due to lack of awareness from stakeholders to employ this technology as a method to achieve energy efficiency- Furthermore, high cost of new technology and the recent dramatic drop in oil prices have inhibited or slowed the adoption of TES due to less compelling economics- By using Analytical Hierarchy Process (AHP), emerging TES systems based on latent and thermochemical have been identified as the future of TES systems because it shows remarkable performance capabilities- However, strengthening legislation and standardization frameworks need to be done to see wider adoption of TES systems in the future, especially in Europe and North America-

Key Findings

Thermal energy storage is a system to store thermal energy for future use- There are three main TES systems: sensible, latent and thermochemical TES-
TES technology is already mature and is regarded as a major energy efficiency and emission reduction technology for buildings- However, adoption or deployment this technology is slow as governments are more focused on energy efficiency in electrical generation- In terms of cost, ultimately, TES system should cost between USD - /kWh-
Technological drivers for TES systems are advancements in material sciences and the emergence of a smart thermal grid; however, the lack of stable materials has hindered TES systems technologically- In terms of market, adoption of TES system is driven by active support from the government and concerns about global warming- Nonetheless, the high cost of new technology, drop in oil prices, and lack of awareness on TES inhibit adoption of TES-

Though some standardization and legislations for TES are already in place, the standardization and legal frameworks are still not constructed well enough to support TES systems fully-

A considerable amount of research and development can be seen in the TES space; however, almost all the initiatives converge into the common theme of proving the feasibility of TES systems either in terms of technology or market-

Table Of Contents

Emerging Trends in Thermal Energy Storage 
1 EXECUTIVE SUMMARY

Executive Summary
1 Research Process and Methodology
2 Research Scope
3 Key Findings
4 Summary of Thermal Energy Storage

2 CHAPTER 1: TECHNOLOGY CAPABILITY

Chapter 1: Technology Capability
1 Technology Snapshot
2 Technology Snapshot
3 Technology Assessment
4 Technology Assessment
5 Technology Assessment
6 Technology Assessment
7 Technology Assessment
8 Technology Assessment
9 Technology Assessment
10 Technology Assessment
11 Technology Assessment
12 Benefit-Cost Ratio
13 Technology Value Chain
14 Technology Value Chain
15 Technology Value Chain
16 Technology Value Chain

3 CHAPTER 2: IMPACT ASSESSMENT and ANALYSIS

Chapter 2: Impact Assessment and Analysis
1 Application of Thermal Energy Storage
2 Potential Application - Available Market
3 Technology Drivers and Challenges
4 Market Drivers and Challenges
5 Market Drivers and Challenges
6 Stakeholder Activities
7 Stakeholder Activities
8 Stakeholder Activities
9 Industry InitiativesPolicy
10 Industry InitiativesPolicy
11 Industry Initiatives
12 Industry Initiatives

4 CHAPTER 3: OPPORTUNITY EVALUATION AND ROADMAPPING

Chapter 3: Opportunity Evaluation and Roadmapping
1 Analytical Hierarchy Process (AHP)-Based Technology Roadmap
2 AHP-Based Technology Roadmap
3 AHP-Based Technology Roadmap
4 AHP-Based Technology Roadmap
5 AHP-Based Technology Roadmap
6 AHP-Based Technology Roadmap
7 AHP-Based Technology Roadmap
8 AHP-Based Technology Roadmap
9 AHP-Based Technology Roadmap
10 AHP-Based Technology Roadmap
11 AHP-Based Technology Roadmap
12 AHP-Based Technology Roadmap
13 AHP-Analyst Insights
14 AHP-Analyst Insights

5 APPENDIX

Appendix
1 Data for AHP
2 Some Key Patents
3 Some Key Patents
4 Some Key Patents
5 Contact Details
6 Legal Disclaimer

6 THE FROST and SULLIVAN STORY

The Frost and Sullivan Story
1 The Frost and Sullivan Story
2 Value Proposition: Future of Your Company and Career
3 Global Perspective
4 Industry Convergence
5 360º Research Perspective
6 Implementation Excellence
7 Our Blue Ocean Strategy

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