While the concept of energy storage has been in limited use for many years, recent technological innovations have opened a host of new opportunities. At the heart of many technological innovations are the batteries that store the power needed to drive these breakthrough innovations. At a grander scale, a growing focus on smart cities, smart buildings, and smart infrastructure, as well as wearable devices, have highlighted batteries and energy storage as a key solution in enabling these advances.
The global energy storage market will be a huge opportunity for growth. Frost & Sullivan's Energy Storage Program Area provides global industry analysis that is designed to help your firm grow. With our finger on the pulse of markets across the globe, we offer strategic insights and consulting expertise that goes beyond mere research and engage with clients to provide insights into established and emerging market and knowledge of the changing regulatory environments around the world. The key focus areas include:
- Primary or non-rechargeable batteries
- Secondary or rechargeable batteries
- Emerging battery chemistries
- Others key energy storage technologies such as ultracapacitors, flywheel, and fuel cells
- Related services and solutions
Meet the Team
Senior Industry Analyst
Frost & Sullivan's expertise in Energy Storage includes technology, application and business aspects covering the following areas:
Emerging Storage Technologies
Lithium Ion batteries will be joined by other emerging technologies including flow batteries, Metal Air, Sodium Ion and Advanced Lead Acid batteries.
New innovative business models including XaaS and leasing will determine the future direction for energy storage market development. Internet of Energy enabled by storage becoming a reality.
As Energy Storage becomes increasingly critical for grids and industry, more focus will follow on ancillary services such as frequency regulation, voltage support, time shift, black start, reserve capacity etc.
Frost & Sullivan’s coverage ranges from the small batteries for wearable devices, home energy storage systems, to large energy non-battery storage systems like Compressed Air and Hydrogen Storage.
Regulatory mandates will drive procurement of energy storage capacity, performance based regulation, developing a competitive pricing mechanism for energy storage operating in generation and grid markets.
Energy Storage plays a major role in time shift and grid stabilization, due to the rapid growth of intermittent renewable energy sources like wind and solar.
Energy Storage is playing an increasingly important role in today’s energy world, backing up renewable generation, stabilizing grid power, and providing continuous operation for critical applications such as data centers and industry. On the technology side, lithium Ion batteries will be joined by other emerging technologies including flow batteries, metal air, sodium ion and advanced lead acid batteries. New innovative business models including XaaS and leasing will determine the future direction for energy storage market development, making the Internet of Energy a reality.
Frost & Sullivan’s Energy Storage program area ranges from the small batteries for wearable devices, home energy storage systems, to large energy non-battery storage systems such as compressed air and hydrogen storage.
The importance of utility-based energy storage is driving demand for multiple options of efficient, cost-effective, and long standing storage solutions. The flow battery, with all its attractive features, is to become the most preferred chemistry for utility-based storage. Thus, the global flow…
The increase in electricity generation from renewables is expected to come primarily from the expansion of wind power and conversion of power plants to substitute wooden pellets as a primary fuel. In 2015, the share of fossil fuels in electricity generated was 33%; Frost & Sullivan forecasts…
Norway is already almost entirely powered by renewable energy, with hydro traditionally dominating. The investment of 5.90 billion in a combination of wind, hydro, and other renewable energy will boost the share of RES in the electricity generation mix to 99% by 2030. Increasing interconnections…
A total of 21.8 billion will be invested between 2015 and 2030 on new power generation capacity in Romania. Nuclear accounts for the largest portion, but there is also investment in gas, hydro, and renewables. At the same time, a number of aging assets will be retired, not only in generation, but…
In 2015, electricity demand was primarily supplied through renewable energy, nuclear, and gas, accounting a combined total of 76% of the electricity generated. This indicates two things. First, renewable generation share in the market is increasing and is expected to form a major portion of the…
Sweden has a high renewable energy potential. The country has met its 2020 renewable energy target of 49% in 2013 already. Sweden plans to continue efficient operation of its existing energy sources and is committed to 100% renewable energy by 2040. Sweden has a huge potential for electricity…
The island of Ireland is readying itself for a major market transformation as SEM (Single Electricity Market) design, being incompatible with the European Target Model is being replaced by the Integrated Single Electricity Market (I-SEM) late 2017, if everything goes according to plan. Keeping that…
Bulgaria remains heavily dependent on coal (44.1% in 2015) and nuclear power (32.1% in 2015) for its electricity. Unlike most European countries, Bulgaria remains committed to nuclear, with plans for 2 new reactors backed by Russian investment. Bulgaria has exceeded its renewable energy target of…
This research service contemplates the current scenario of the energy supply industry and its future developments in the target countries.To reduce the over dependence on the conventional methods of power generation, these countries are trying to diversify their power generation mix by adding more…
Poland will remain dependent on coal-fired generation, with 5GW of new capacity under construction. Installed capacity will decline by 2030, but coal will still account for 46% of electricity supply based on current policies. Wind energy was a promising market in Poland, but the changes in the law…
The energy and environment industry, once staid and steady, has seen new and rapid changes across the market’s varied and increasingly diverse sectors. Renewable energy has now become a significant portion of the world’s energy production, natural gas has found multiple adherents and controversies with the expansion of the market through fracking, and services to the industry are evolving to leverage the huge influx of information through the Internet of Things and related data analytics solutions. Energy storage will continue to be a growth market while, further in the future, water and waste water are likely to be pivotal concerns and opportunities for both emerging and existing economies.
We work closely with the world’s largest OEMs, utilities, service providers and IT firms to help them find the opportunities in this sea of change. Tailored, customized solutions provide clients with the best strategies for growth, supported by the right key data points researched to meet the client’s needs and the specific engagement. Key projects have included helping clients expand their businesses into new geographies, with new customer groups and by developing new solutions. We can provide services at any point in the business strategy cycle: from ideation to implementation, data collection to strategy creation, voice of customer insights to marketing services.
Frost & Sullivan's team can support your organization on each of the following areas:
- Geographic Expansion
- Ideation and Mega Trend Growth Workshops
- Voice of Customer and Customer Strategies
Brand and Demand Marketing Outreach and Solutions
- New Product Launch
- Presenting Thought Leadership and conducting strategy workshops at your yearly business planning or customer events
- Sourcing and supply chain development and market analysis.
- Supply chain strategy for major utilities, to enable them to better plan budgets and negotiate supplier contracts
- Voice of customer with power plant owners/operators to help an OEM develop new service solutions
Brand and demand suite of services to enable major international conglomerates to target new services to selected verticals
Full analysis of the value chain for fuel cells, generators, steam turbines, gas turbines, wind turbines and solar power to ascertain environmental practices and areas of corporate social responsibility, for a major global standards firm in order to develop a long term global expansion strategy in the energy industry
Go to market strategies for deploying new and innovative solutions in digital oil fields
We specialize in running growth workshops with our clients which help us take a cross functional team of our client, within span of a day from information to implementation.
Preparation of the workshop includes:
- Identify key project stakeholders
- Align on workshop agenda, objectives and activities
- Conduct stakeholder interviews/surveys
The workshop itself includes the following:
- Share relevant research findings and stakeholder interviews
- Hold an ideation and filtration phase to identify the universe of opportunities, then quickly determine those with best fit based on internal and external forces
- Conduct an interactive and thorough rating and ranking process to further identify the top one to three go-to-market solutions
- Prioritize implementation plans and assign owners for next steps
Post-workshop activities include:
- Compile findings and next steps from workshop
- Recommend action steps/follow-on work
Additional services: Provide implementation, integration, and marketing solutions to support strategic outcomes of the project.
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Business Development Manager, Procurement Division, Leading Power Utility Company
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