Experts from Zhar Research have released a new report analysing the needs and technologies for Long Duration Energy Storage (LDES) beyond grids. The 300-page report, entitled “Long Duration Energy Storage LDES Beyond Grids: Markets, Technologies for Microgrids, Minigrids, Buildings, Industrial Processes 0.1-500MWh 2024-2044″, looks closely at the technology roadmap, research pipeline and intended product launches.
Dr Peter Harrop, CEO of Zhar Research, said: “The very idea of a grid involves power supplied anywhere on the system so GWh storage attracts even when it involves massive earthworks such as pumped hydro and underground compressed air and hydrogen. For LDES, there is also some place for advanced batteries, conventional or redox flow, and liquid gas storage but the tables are turned when you go off grid or to systems only using grid as backup. These smaller systems are in many sensitive locations so forget the massive earthworks and prioritise aspects such as modules, small footprint from being stackable, extreme safety and rapid installation even in buildings. Then the weaker contestant become the dominant players.”
The report forecasts that the beyond-grid market of under $0.5 billion today will become over $52 billion in 2044. It looks at wind, solar and other intermittency and the cost issues, as well as the need for 12 hours duration of delayed discharge with one month in prospect. It also compares and profiles a remarkable 52 Redox Flow Battery (RFB) players, as well as assessing the many other LDES storage options.
Dr Harrop added: “In short, the beyond-grid LDES market is largely neglected because, so far, it is a small business. That is your opportunity because it will become a very large business where many companies can succeed if they address these very-different needs, even creating billion-dollar enterprises.”
The report is useful for investors, materials suppliers, LDES manufacturers and governments, and is available for purchase at www.zharresearch.com or www.giiresearch.com.
Experts from Zhar Research have released a new report analysing the needs and technologies for Long Duration Energy Storage (LDES) outside of traditional grids. The 300-page report, entitled “Long Duration Energy Storage LDES Beyond Grids: Markets, Technologies for Microgrids, Minigrids, Buildings, Industrial Processes 0.1-500MWh 2024-2044″, offers an in-depth look at the technology roadmap, research pipeline and intended product launches.
Dr Peter Harrop, CEO of Zhar Research, commented: “The idea of a grid involves power supplied anywhere on the system so GWh storage attracts even when it involves massive earthworks such as pumped hydro and underground compressed air and hydrogen. But when it comes to off-grid or systems only using grid as backup, the tables turn. These smaller systems are in many sensitive locations, so forget the massive earthworks and prioritise aspects such as modules, small footprint from being stackable, extreme safety and rapid installation even in buildings. Then the weaker contestants become the dominant players.”
The report predicts that the current beyond-grid market of under $0.5 billion will reach over $52 billion in 2044. It examines wind, solar and other intermittency and the cost issues, as well as the need for 12 hours duration of delayed discharge with one month in prospect. It also compares and profiles a remarkable 52 Redox Flow Battery (RFB) players, as well as assessing the many other LDES storage options.
Dr Harrop added: “In short, the beyond-grid LDES market is largely neglected because, so far, it is a small business. That is your opportunity because it will become a very large business where many companies can succeed if they address these very-different needs, even creating billion-dollar enterprises.”
The report is aimed at investors, materials suppliers, LDES manufacturers and governments, and is available to purchase at www.zharresearch.com or www.giiresearch.com.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.