Demand for outdoor energy storage power supply field

Can emerging markets benefit from energy storage?

In emerging markets around the world, there is only limited experience with energy storage, yet vast potentials exist to benefit from the technology. Many of these markets share similar energy market dynamics and needs for new resources.

What are the challenges facing the utility-scale energy storage industry?

number of challenges remain for the growing utility-scale ESS industry, especially in developing markets. As is the case with the entire energy storage industry, the high upfront cost for systems remain the most significant barrier to growth. However there are additional issues that are specific to the utility-scale segment.

What is the market for energy storage in South Asia?

The market for energy storage in the South Asia region is dominated by India. (See Chart 3.4). In India, several key factors are driving the market for energy storage, perhaps most notably the ambitious National Solar Mission.

Why do emerging markets need new electricity reserve capacity?

Driven by growing urban populations, many emerging markets have a significant need for new electricity reserve capacity, particularly to meet peak demand.

What will the energy storage industry look like in East Asia & Pacific?

Additionally, in many of these areas the industry is likely to adopt a more distributed approach to grid development, using more local power generation and microgrid systems. We expect that the largest energy storage market in the East Asia & Pacific region will be China.

Are emerging markets a hotspot for energy storage?

Energy storage projects exist and thrive in several geographies, but a number of emerging market countries have the resource potential to be among the most active participants in energy storage today. We expect that select emerging markets will be hotspots of storage activity over the next five to fifteen years.