BESS Capacity Tracker – what does it tell us?
In October 3GWh of new capacity entered operation across 42 projects, a y-o-y increase of 182%. Of the operational projects, 54% by capacity was in the US, with 1.4GWh from Crimson Solar alone. YTD installed grid capacity sits just under 24GWh, with a 28GWh planned for completion this year.
Why do we track the battery energy stationary storage market?
To understand the market dynamics, key drivers, and technologies our BESS market analysis is an important data tool providing the cathode demand for grid scale and behind the meter BESS based on use case, economic and regional analysis.
These trends have implications along the battery supply chain for battery raw material suppliers, battery manufacturers, utility companies and renewable energy developers, as well as anyone with an interest in the ESS battery supply chain
The monthly assessment provides a regular update of the developments in the BESS market, tracking both key market and technology news and an analysis into the roll-out and development of grid-scale projects and those currently in the pipeline. This enables you to stay up to date and well informed within the competitive and growing BESS market.
Who benefits from understanding battery energy stationary storage market dynamics?
Battery raw material suppliers, battery manufacturers, utility companies, renewable energy developers as well as anyone with an interest in the ESS battery supply chain.
How do we track the battery energy stationary storage market?
The near-term market is tracked via project announcements and progress updates these come from a number of sources including government and provincial bodies, news sites, technology supplier announcements, and planning bodies. The result is our ever-growing database of battery energy storage installation projects worldwide, which covers most projects over 10MWh, this is updated on an ongoing basis. We track key metrics for each project including the storage technology employed, the size of the installation, the feed-in energy source and supplier.
A key factor in the long term forecast in both grid and behind the meter methodologies is to assess the market outlook for global electricity demand, and also to determine the renewables share of the mix of this growing demand. For this, we consider a number of factors affecting this on a region-by-region basis. Our outlook for battery ESS is calculated by identifying the appropriate technology deployment based on the use case and economics in each storage scenario.
How could our data help you?
Access to the analysis we provide, enables our clients to gain an in-depth, comprehensive understanding of the battery ESS market. It allows them to devise well-informed strategies, stay up-to-date with key market developments, maintain an awareness of the competitive landscape and create future-proof plans.
The Battery Energy Stationary Storage Outlook delivers a complete overview and analysis of the current and future BESS market. The report can be used as both a reference tool to understand the market dynamics, key drivers, and technologies and as an important data tool providing the cathode demand for grid scale and behind the meter BESS based on use case, economic and regional analysis
The Battery Energy Stationary Storage Monthly Assessment provides you with a regular update of the developments in the Battery ESS market, tracking both key market and technology news and an analysis into the roll-out and development of grid-scale projects, and those currently in the pipeline.
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