Pike Research: Advanced battery capacity for utility-scale applications in Asia Pacific will reach 65 GW by 2022

Pike Research (Boulder, Colorado, U.S.) has released a new report stating that the total capacity of advanced batteries for utility-scale applications in Asia Pacific will reach 25.1 gigawatts (GW) by 2022.

The report includes an assessment of the technical characteristics of advanced battery technologies such as lithium ion, sodium sulfur, advanced lead-acid, sodium metal halide, and advanced flow batteries.

 

Integration of solar and wind raises interest in advanced batteries

According to Pike Research, most of the research, development, and demonstrations of native energy storage technologies in the Asia Pacific region are advanced batteries, specifically advanced lithium ion, sodium sulfur, and flow batteries. Growing interest in advanced batteries is being driven by the integration of variable renewable energy sources, such as solar and wind, as part of an effort to curb global greenhouse gas emissions.

"Many of the countries across Asia Pacific have started to put forth innovative advanced battery technologies and different pathways to market," Senior Research Analyst Anissa Dehamna stated. "Most advanced economies in the region, including Japan, South Korea, and Australia, are moving toward smart grid and microgrid energy delivery models, which form natural tie-ins for energy storage, particularly batteries."

The technical diversity of energy storage projects in Asia Pacific primarily reflects the large domestic base of research and development and manufacturing for battery technologies, according to the report.

Sodium sulfur batteries constitute the largest number of deployed storage projects in the region. While advanced batteries are staged to play a large role in the development of power sectors across Asia Pacific, bulk energy storage technologies, such as pumped hydro, will continue to play an important role in emerging markets like China, the report states.

The report, Energy Storage in Asia Pacific, explores the market opportunity and current market issues for energy storage systems, focusing on advanced batteries in Asia Pacific.

Pike Research is a part of Navigant's Energy Practice.

 

 

 

 

2013-03-20 | Courtesy: Pike Research | solarserver.com © Heindl Server GmbH

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