Navigant Research’s Energy Storage Tracker Identifies More Than 1,700 Projects in Latest Update

Improvements in technologies, new business models, regulatory and
market conditions are expected to drive the energy storage market
forward, report finds

BOULDER, Colo.–(BUSINESS WIRE)–#EnergyStorage–A new report from Navigant
Research tracks global energy storage projects, providing data on
the country, region, market segment, capacity, status, technology
vendor, systems integrator, applications, funding, investment, and key
milestones of each effort.

Energy storage, once considered a complementary addition to renewable
energy projects, has now shifted to a standalone solution that provides
customers and system owners with valuable flexibility and profitability.
In addition, thanks to advanced battery energy storage systems, projects
are being deployed in the shortest timelines in the history of the
industry. Click
to tweet: According to a new report from @NavigantRSRCH,
worldwide, more than 1,700 energy storage projects exist.

“The global energy storage industry is poised to continue to grow
quickly over the next several years, especially in emerging economies,”
says Ian McClenny, research analyst with Navigant Research. “With
emerging infrastructure becoming increasingly integrated, dynamic, and
complex, flexible resources like storage will provide added value to
existing and new power generating assets.”

Navigant Research anticipates that energy storage will increasingly
become a practical option to costly grid and substation upgrades to meet
changes in load, according to the report. Additionally, improvements in
energy storage technologies, regional regulatory and market drivers, and
new business models are all expected to drive the market forward.

The report, Energy
Storage Tracker 3Q17, provides a comprehensive resource of
global energy storage projects. The Tracker includes a database of 1,712
projects and tracks the country, region, market segment, capacity,
status, technology vendor, systems integrator, applications, funding,
investment, and key milestones of each project. In addition, the report
includes an analysis of the technology choice within each major region
for energy storage, analysis of the leading regions for energy storage
capacity and projects, and market share analysis for technology vendors
for deployed projects and projects in the pipeline. 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, Energy Storage Tracker 3Q17, 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]