Navigant Research Names ViZn Energy and Sumitomo Electric Leading Vendors of Non-Lithium Ion Batteries for Grid Storage

A critical factor for all non-Lithium ion companies will be a
continued ability to reduce costs in the coming years, report finds

BOULDER, Colo.–(BUSINESS WIRE)–#Batteries–A new Leaderboard Report from Navigant
Research examines the strategy and execution of 13 vendors of
non-lithium ion (Li-ion) batteries for grid storage.

Despite the popularity they’ve gained in the last couple years—thanks to
increases in manufacturing capacity and sales volumes from the
complementary electric vehicle industry—Li-ion batteries are not
well-suited for all stationary storage applications. Many non-Li-ion
battery technology providers, ranging from startups to well-established
corporations, are recognizing an opportunity to capture a piece of the
industry by offering alternative technologies such as flow batteries,
advanced lead-acid batteries, and zinc-based batteries. Click
to tweet: According to a new Leaderboard report from @NavigantRSRCH,
in terms of strategy and execution, ViZn Energy and Sumitomo Electric
are the leading vendors of non-Li-ion batteries for grid storage.

“The leaders that have emerged in this market have been able to leverage
either the low cost of their technology, the strong technical
capabilities of their products, or their financial strength and industry
experience to win new projects,” says Alex Eller, research analyst at
Navigant Research. “However, despite the advantages of these
technologies, Li-ion batteries have significant momentum in storage
markets worldwide. Any companies with competing technologies must
continually reduce costs and hone their strategy to capitalize on the
advantages their technologies pose.”

The grid energy storage industry is projected to maintain its global
pattern of rapid growth over the coming years, according to the report.
As the market develops further, companies that define strategies and
look to grow their capabilities now will be best positioned for success.

The report, Navigant
Research Leaderboard: Non-Lithium Ion Batteries for Grid Storage,
evaluates the Strategy and Execution of 13 leading non-Li-ion battery
energy storage providers. These companies are rated on 12 criteria:
vision; go-to-market strategy; partners; production strategy;
technology; geographic reach; sales, marketing, and distribution;
product performance; product quality and reliability; product portfolio;
pricing; and staying power. Using Navigant Research’s proprietary
Leaderboard methodology, vendors are profiled, rated, and ranked with
the goal of providing industry participants with an objective assessment
of these companies’ relative strengths and weaknesses in the global
market for non-Li-ion batteries for grid energy storage. 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, Navigant Research Leaderboard: Non-Lithium Ion Batteries for
Grid Storage, 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]