All Reports
2Q 2021

Market Data: Utility-Scale Long Duration Energy Storage

Flow, Molten Salt, Lithium Ion, and Other Advanced Batteries; Compressed Air Energy Storage; Pumped Hydro Storage; and Power-to-Gas: Global Market Analysis and Forecasts

Stationary energy storage is projected to play a major role in future decarbonized electricity grids around the world. Government policies, utility procurement targets, and regulatory bodies have begun to forecast greater levels of utility-scale energy storage (UES) deployments, with project sizes of larger power capacity also being planned around the world.

Simultaneously, there is little agreement on which attributes of energy storage will be required and valued over time, specifically the energy capacity or duration of energy storage that could be cost-effective for certain electricity grid services and applications. Nevertheless, as governments’ and utilities’ plans to deploy substantial amounts of new renewable energy generation mount, future electricity grids will likely require different types of energy storage than those being deployed as of this report’s writing—particularly for long duration challenges and seasonal capacity challenges.

This Guidehouse Insights report examines the long duration energy storage market in seven major geographic regions, presenting a 10-year forecast and market sizing from 2021 through 2030. The report provides forecasts for the long duration storage market segmented by technology, application, and discharge duration. Covered technologies include flow batteries, compressed air energy storage (CAES), molten salt batteries, pumped hydro storage (PHS), power-to-gas (P2G), Li-ion batteries, and other advanced batteries. Applications included in the forecasts consist of capacity and reserves, transmission and distribution (T&D) asset optimization, solar energy shifting, and wind energy shifting. All forecasts are also segmented by duration for each region, technology, and application.

Pages 35
Tables | Charts | Figures 43
  • What is driving demand for long duration energy storage?
  • What applications and grid services will long duration storage provide?
  • What is holding back the adoption of long duration energy storage?
  • Which technologies are suited for which long duration applications?
  • Which long duration technologies are expected to be the most widely deployed over the coming 10 years?
  • What are the advantages and disadvantages of each long duration energy storage technology?
  • Which companies are the leading developers of long duration energy storage?
  • Advanced battery OEMs
  • Inverter and other balance-of-system vendors
  • Government and regulatory agencies
  • Nongovernmental organizations
  • IoT companies
  • Energy storage hardware vendors and technology firms
  • Renewable energy development financing companies
  • Smart grid controls and software companies
  • Utilities
  • Investor community

1. Executive Summary

1.1   Market Overview

1.2   Market Forecasts

2. Market Issues

2.1   Applications for Long Duration Storage

2.1.1   Renewables Energy Shifting

2.1.2   Transmission and Distribution Asset Optimization

2.1.3   Reserve Capacity

2.1.4   Resiliency and Microgrids

2.2   Market Drivers

2.2.1   Renewable Energy Growth

2.2.2   Government Support

2.2.3   Limitations of Competing Technologies

2.3   Market Barriers

2.4   Technology Trends

2.4.1   CAES

2.4.2   Flow Batteries

2.4.2.1   VRFBs

2.4.2.2   Zinc Bromide Batteries

2.4.2.3   Iron Electrolyte Batteries

2.4.2.3.1   ESS Inc. Case Study

2.4.2.4   Other Flow Battery Technologies

2.4.3   Hybrid ESSs

2.4.4   LAES

2.4.5   Molten Salt Batteries

2.4.6   Other Advanced Batteries

2.4.7   Power-to-Gas

2.4.8   PHS

2.4.9   Thermal Energy Storage

3. Market Forecasts

3.1   Methodology and Assumptions

3.1.1   Coronavirus Pandemic Impacts

3.2   Forecasts by Technology

3.3   Forecasts by Application

3.4   Forecasts by Duration

4. Conclusions and Recommendations

5. Acronym and Abbreviation List

6. Table of Contents

7. Table of Charts and Figures

8. Scope of Study, Sources and Methodology, Notes

  • Annual Installed Long Duration Energy Storage Capacity by Region, All Applicable Technologies, Durations, and Applications, World Markets: 2021-2030
  • Utility-Scale ESS CAPEX Assumptions by Technology, World Market Averages: 2020-2029
  • Annual Installed Long Duration Energy Storage Capacity by Technology, All Applications and Durations, World Markets: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Application, All Applicable Technologies and Durations, World Markets: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Duration, All Applicable Technologies and Applications, World Markets: 2021-2030
  • Utility-Scale ESS CAPEX Assumptions by Technology, World Market Averages: 2020-2029
  • Annual Installed Long Duration Energy Storage Capacity by Region, All Applicable Technologies, Durations, and Applications, World Markets: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Technology, All Durations and Applications, World Markets: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Application, All Durations and Applicable Technologies, World Markets: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Duration, All Applications and Applicable Technologies, World Markets: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Region, All Applicable Technologies, Durations, and Applications, World Markets: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Technology, All Durations and Applications, World Markets: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Application, All Durations and Applicable Technologies, World Markets: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Duration, All Applications and Applicable Technologies, World Markets: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Application and Duration, All Applicable Technologies, North America: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Technology and Duration, All Applications, North America: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Application and Duration, All Applicable Technologies, North America: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Technology and Duration, All Applications, North America: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Application and Duration, All Applicable Technologies, Western Europe: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Technology and Duration, All Applications, Western Europe: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Application and Duration, All Applicable Technologies, Western Europe: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Technology and Duration, All Applications, Western Europe: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Application and Duration, All Applicable Technologies, Eastern Europe: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Technology and Duration, All Applications, Eastern Europe: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Application and Duration, All Applicable Technologies, Eastern Europe: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Technology and Duration, All Applications, Eastern Europe: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Application and Duration, All Applicable Technologies, Asia Pacific: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Technology and Duration, All Applications, Asia Pacific: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Application and Duration, All Applicable Technologies, Asia Pacific: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Technology and Duration, All Applications, Asia Pacific: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Application and Duration, All Applicable Technologies, Latin America: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Technology and Duration, All Applications, Latin America: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Application and Duration, All Applicable Technologies, Latin America: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Technology and Duration, All Applications, Latin America: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Application and Duration, All Applicable Technologies, Middle East: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Technology and Duration, All Applications, Middle East: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Application and Duration, All Applicable Technologies, Middle East: 2021-2030
  • Annual Long Duration Storage Deployment Revenue by Technology and Duration, All Applications, Middle East: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Application and Duration, All Applicable Technologies, Africa: 2021-2030
  • Annual Installed Long Duration Energy Storage Capacity by Technology and Duration, All Applications, Africa: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Application and Duration, All Applicable Technologies, Africa: 2021-2030
  • Annual Long Duration Energy Storage Deployment Revenue by Technology and Duration, All Applications, Africa: 2021-2030
  • Long Duration Energy Storage Application Details 
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