Grids

Lithium Ion Batteries to Lead the Market for Short-Duration Energy Storage Ancillary Services

Within the Ancillary Services sector, key applications include frequency regulation, spinning reserve, and voltage control, and these fast response storage services have a number of special performance requirements to enable supplemental energy for periods of typically less than one hour, and often minutes or seconds.

A recent report from Pike Research forecasts that among the half-dozen major technologies vying for position within the Ancillary Services market, advanced lithium ion (Li-ion) batteries hold the greatest potential. The cleantech market intelligence firm forecasts that Li-ion will capture approximately 70% of the total market by 2019. In that year, Pike Research forecasts that Li-ion revenues in the Ancillary Services sector will reach $4.7 billion.

“Lithium ion batteries have the right mix of performance and cost characteristics to succeed in the Ancillary Services market,” says managing director Clint Wheelock. “Other technologies such as flywheels, compressed air energy storage, flow batteries, advanced lead acid batteries, and other advanced batteries will also play a role in delivering Ancillary Services.”

Pike Research’s study, “Energy Storage Systems for Ancillary Services”, provides an in-depth analysis of the global market opportunity for ESS-based ancillary services. It includes a detailed assessment of various energy storage technologies, their strengths and weaknesses, performance capabilities, and economics.

The report also examines the commercialization path for ancillary services including market drivers and barriers, policy and regulatory factors, and investment dynamics. It includes profiles of key market players along with detailed market forecasts, segmented by technology and world region, through 2019. An Executive Summary of the report is available for free download on the firm’s website.

Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets. The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Clean Transportation, Clean Industry, and Building Efficiency sectors.

www.pikeresearch.com