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Analyzing the US Utility Energy Storage Market

  • May 2013
  • -
  • Aruvian's R'search
  • -
  • 110 pages

Energy storage technologies are very important in today's world where constant energy demands need to be met by utilities and energy companies alike. There are many different types of energy storage technologies available today. Some of the commonly used ones include batteries, CAES (compressed air energy storage systems), flywheels, and hydroelectric storage, among others.

There are also some energy storage technologies that are under development at the moment and are being touted as being the next revolution in the industry. These include Superconducting Magnetic Energy Storage systems, hydrogen technologies, ultracapacitors, and Vehicle-to-Grid. With companies developing newer technologies to simplify the process of energy storage, the race is on to develop the most efficient system for storing energy.

Utilities are perhaps one of the major users of energy storage systems. With the US DOE announcing a stimulus funding for smart grid programs, energy storage technologies have become a primary component in the future planning of the smart grid. There are many companies who are trying to develop energy storage technologies for addressing utility storage applications. Aruvian's R'search analyzes the market for utility energy storage technologies in its research report Analyzing the US Utility Energy Storage Market.

With the global industry for utility electric energy storage systems expected to cross $3.8 billion by 2013, the US is emerging as a leading market for the development of such technologies.

Aruvian’s R’search analyzes the following utility energy storage technologies in this report:

• Batteries – includes an analysis of lead-acid batteries, lithium-ion batteries, metal-air batteries, sodium-sulfur batteries, vanadium-redox flow batteries, and zinc-bromide flow batteries.
• Compressed Air Energy Storage Systems
• Hydrogen and the role it plays in utility energy storage
• Pumped hydroelectric storage
• Superconducting Magnetic Energy Storage Systems
• Ultracapacitors
• Vehicle-to-Grid

For each technology analyzed in the report, we analyze the technology, the role the particular technology plays in utility energy storage, and the installations around the US of that particular technology for storing energy. Apart from this, the leading industry players for each technology are also analyzed.

We also analyze the various benefits utilities can derive by using the technologies discussed. Benefits are further segmented into the following areas:

• Financial Benefits
• Benefits for Power Generation Infrastructure
• Benefits for the T&D System
• Benefits for Utility Customers

Issues such as installation costs and other challenges facing developers and investors in utility energy storage technologies are also analyzed in the report.

Table Of Contents

Analyzing the US Utility Energy Storage Market
Table of Contents

A. Executive Summary

B. Market Overview
B.1 Snapshot
B.2 Utility Energy Storage Technologies
B.3 Utility Energy Storage and the Smart Grid

C. Factors Influencing the Market
C.1 Managing the System's Load
C.2 Managing Peak Demand Scenarios
C.3 Rise in Power Demand
C.4 Ensuring Reliable, Good Quality Power
C.5 Recovering Investments with Spinning Reserve
C.6 Role of Renewable Power in Utilities
C.7 Energy Tax Credits

D. Batteries and their Role in Utility Energy Storage
D.1 Snapshot
D.2 Role of Lead-Acid Batteries
D.3 Role of Lithium-Ion Batteries
D.4 Role of Metal-Air Batteries
D.5 Role of Sodium-Sulfur Batteries
D.6 Role of Vanadium-Redox Flow Batteries
D.7 Role of Zinc-Bromide Flow Batteries
D.8 Installations of Battery Storage
D.9 Leading Industry Players
D.9.1 A123 Systems
D.9.2 Altair Nanotechnologies
D.9.3 Ener1
D.9.4 EnerSys
D.9.5 Exide Technologies
D.9.6 Johnson Controls, Power Solutions Division
D.9.7 Maxwell Technologies
D.9.8 NGK Insulators
D.9.9 Sumitomo Electric
D.9.10 Valence Technology
D.9.11 ZBB Energy Corporation

E. Compressed Air Energy Storage Systems and their Role in Utility Energy Storage
E.1 Snapshot
E.2 Role of CAES Systems in Utility Energy Storage
E.3 Installations of CAES Systems
E.4 Leading Industry Players
E.4.1 Energy Storage and Power LLC
E.4.2 General Compression
E.4.3 Haddington Ventures
E.4.4 PB Energy Storage Services
E.4.5 Ridge Energy Storage and Grid Services

F. Flywheels and their Role in Utility Energy Storage
F.1 Snapshot
F.2 Role of Flywheels in Utility Energy Storage
F.3 Installations of Flywheels
F.4 Leading Industry Players
F.4.1 Active Power
F.4.2 Beacon Power Corporation
F.4.3 Pentadyne Power

G. Hydrogen and its Role in Utility Energy Storage
G.1 Snapshot
G.2 Role of Hydrogen in Utility Energy Storage
G.3 Installations of Hydrogen Storage Systems
G.4 Leading Industry Players
G.4.1 Argonne National Laboratory
G.4.2 Hydrogenics Corporation
G.4.3 Massachusetts Institute of Technology

H. Hydroelectric Storage and its Role in Utility Energy Storage
H.1 Snapshot
H.2 Role of Pumped Hydroelectric Storage in Utility Energy Storage
H.3 Installations of Pumped Hydroelectric Storage Facilities

I. Superconducting Magnetic Energy Storage Systems and their Role in Utility Energy Storage
I.1 Snapshot
I.2 Role of SMES Systems in Utility Energy Storage
I.3 Installations of SMES Systems
I.4 Leading Industry Players
I.4.1 American Superconductor Corporation
I.4.2 Korea Electrotechnology Research Institute

J. Thermal Energy Storage Systems and their Role in Utility Energy Storage
J.1 Snapshot
J.2 Installations of Thermal Energy Storage Systems
J.3 Leading Industry Players
J.3.1 Calmac
J.3.2 Ice Energy
J.3.3 SolarReserve

K. Ultracapacitors and their Role in Utility Energy Storage
K.1 Snapshot
K.2 Role of Ultracapacitors in Utility Energy Storage
K.3 Leading Industry Players
K.3.1 Maxwell Technologies

L. Power from Vehicle-to-Grid
L.1 Snapshot
L.2 Role of V2G in Utility Energy Storage
L.3 Installations of V2G Projects
L.4 Leading Industry Players
L.4.1 EEtrex
L.4.2 V2Green Systems

M. Comparing the Various Technologies
M.1 Snapshot
M.2 Comparing Ratings of Storage Technologies
M.3 Comparing Size and Weight of Storage Technologies
M.4 Comparing the Economics of Storage Technologies
M.5 Comparing the Efficiency and Life Cycle of Storage Technologies
M.6 Looking at Per-Cycle Cost

N. Applications of Utility Storage Technologies and their Benefits
N.1 Financial Advantages
N.1.1 Purchasing Electricity
N.1.2 Lesser Losses from Transmission and Distribution
N.1.3 Benefits from Improved Electrical Reliability
N.1.4 Benefits from Improved Onsite Power Quality
N.1.5 Lesser Requirement for Generation Capacity
N.1.6 Benefits from Utilizing Renewable Energy
N.2 Benefits for Power Generation Infrastructure
N.2.1 Better Quality of Power
N.2.2 Regulating the System Frequency
N.2.3 Keeping Tabs on the Load
N.2.4 Supporting Growth of the Renewables Industry
N.3 Benefits for the Transmission and Distribution System
N.3.1 Improving Returns on Capital Investment
N.3.2 End of Congestion Costs
N.3.3 Deferring TandD Upgrade Investment
N.3.4 Increased Load Capacity
N.3.5 Maximizing the Life of TandD Equipment
N.3.6 Deferring the Upgrade of Substations
N.4 Benefits for Utility Customers
N.4.1 Lowering of Demand Charges
N.4.2 Lowering the Costs of Energy for Customers

O. Issues for Developers and Investors
O.1 Installation Costs
O.2 Monetizing Benefits

P. Utility Energy Storage: Industry Future Perspective

Q. Glossary of Terms





Companies Mentioned

A123 Systems
Active Power
Altair Nanotechnologies
American Superconductor Corporation
Argonne National Laboratory
Beacon Power Corporation
Calmac
EEtrex
Ener1
Energy Storage and Power LLC
EnerSys
Exide Technologies
General Compression
Haddington Ventures
Hydrogenics Corporation
Ice Energy
Johnson Controls, Power Solutions Division
Korea Electrotechnology Research Institute
Massachusetts Institute of Technology
Maxwell Technologies
NGK Insulators
PB Energy Storage Services
Pentadyne Power
Ridge Energy Storage and Grid Services
SolarReserve
Sumitomo Electric
V2Green Systems
Valence Technology
ZBB Energy Corporation

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