Installed Hybrid Energy Storage System Power Capacity is Expected to Exceed 2 GW in 2026, According to Navigant Research

Hybrid energy storage systems offer increased efficiency and
lifetime as well as the ability to do more with less overall storage
capacity, report finds

BOULDER, Colo.–(BUSINESS WIRE)–#Batteries–A new report from Navigant
Research examines the global market for utility-scale and
customer-sited hybrid energy storage systems (HESSs), providing
forecasts for power capacity, energy capacity, and revenue, segmented by
region, technology, and market segment, through 2026.

The stationary energy storage industry is now exploring grid-scale
hybrid solutions, or HESSs, which integrate two or more energy storage
technologies with complementary operating characteristics. These systems
deliver power capacity, energy duration, and cycle life in a single
system that is not achievable by any one energy storage technology. Click
to tweet: According to a new white paper from @NavigantRSRCH,
global installed HESS power capacity is expected to grow from 78.6 MW in
2017 to 2.1 GW in 2026.

“Much of the growth of the HESS industry is expected to occur alongside
the maturation of pure-play battery energy storage technology,” says Ian
McClenny, research analyst with Navigant Research. “The future of the
HESS industry in global markets will be largely decided by customer and
grid operator needs, evolving market structures to value flexible
resources favorably, and the local utilities’ views on new technology.”

HESSs have the potential to change the energy storage landscape and give
customers more efficient, cost-effective options to service their needs,
according to the report. The advantages to deploying HESSs over typical
stationary ESSs include lower cost, increased system efficiency,
increased system lifetime due to optimized operation, and the ability to
do more and last longer with less overall storage capacity.

The report, Hybrid
Advanced Battery Markets, analyzes the global market for
utility-scale and customer-sited HESSs. The study examines the market
drivers and barriers and technological trends affecting the deployment
of HESSs around the world. Global forecasts for power capacity, energy
capacity, and revenue, segmented by region, technology, and market
segment, extend through 2026. The report focuses on current and future
technologies in the HESS market, including battery-battery,
battery-capacitor, and other hybrid systems. An Executive Summary of the
report is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Hybrid Advanced Battery Markets, is a summary and
reflects Navigant Research’s current expectations based on market data
and trend analysis. Market predictions and expectations are inherently
uncertain and actual results may differ materially from those contained
in this press release or the report. Please refer to the full report for
a complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any
of the information contained in this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]