New technologies, including capacitor battery technology, lithium titanate oxide, nickel-iron, and solar thermal, are swelling the pipeline of advanced energy storage projects. At the same time, new variants on older technologies, such as power-to-gas, are also coming online. These developments define an industry that is dynamic, if still not mature. According to a new tracker report, “Energy Storage Tracker 3Q13”, from Navigant Research, 38 new advanced energy storage projects were announced, deployed, or begun in the first six months of 2013.
In total, there are now 633 energy storage projects operating or under development worldwide, the study concludes.
“There are now 29 different energy storage technologies in use worldwide, some with just a small fraction of the overall market,” says Anissa Dehamna, senior research analyst with Navigant Research. “In terms of regional capacity, Asia Pacific continues to be the world leader in deployed capacity, with almost 1.2 GW, representing 47% of global capacity, followed by North America and Western Europe. In terms of installed projects, however, North America leads with 115 deployments.”
An Executive Summary of the report is available for free download on the Navigant Research website.