91 new grid-scale energy storage systems, representing total capacity of 362.8 megawatts, were launched or announced between January 1, 2013 and September 30, 2014, according to a new report from Navigant Research.
The report provides an ample resource of global grid-scale energy storage projects including a database of 697 projects encompassing 1,160 systems.
Government funding, subsidies, and regulatory reforms are promoting the growth of the market for grid-scale energy storage systems.
The lithium ion (Li-ion) technology has emerged as the global leader in new energy storage projects and flywheels and flow batteries are also making significant headway.
The advanced energy storage industry is going through a critical time. The market is seeing a number of technologies and for the industry to continue growth more systems integrators are needed, says, Anissa Dehamna, senior research analyst, Navigant Research.
The 2013-2014 period was active for Li-ion technology, with 168.6 MW announced in the past 2 years, according to the report.
Currently, there are 236.3 MW of Li-ion deployed globally.