Hybrid Energy Storage Capacity to Exceed 2 GW in 2026

file

By Editors of Power Engineering

 

A new report from Navigant Research indicates the global market for utility-scale and customer-sited hybrid energy storage systems indicates the total capacity is expected to grow from 78.6 MW now to 2.1 GW in 2026.

“Much of the growth of the HESS industry is expected to occur alongside the maturation of pure-play battery energy storage technology,” said Ian McClenny, research analyst with Navigant Research. “The future of the HESS industry in global markets will be largely decided by customer and grid operator needs, evolving market structures to value flexible resources favorably, and the local utilities’ views on new technology.”

The report said HESS technology could change the energy storage landscape and give customers more efficient, cost-effective options. Advantages for HESS systems over stationary energy storage includes lower cost, increased system efficiency, increased system lifetime due to optimized operation and the ability to do more and last longer with less overall storage capacity.

 

Copyright © 2017: PennWell Corporation  Subscribe to http://www.power-eng.com

http://www.power-eng.com/articles/2017/06/hybrid-energy-storage-capacity-to-exceed-2-gw-in-2026.html