- The market acceptance depends mainly on:
- Market structure
- Technology readiness
- Product and integration cost
- Market growth rate after product launch is initially limited by technology validation, especially cycle life testing.
- Integration of energy storage into the grid will first take place as a combination of several grid applications, e.g. transmission upgrade deferral, distribution upgrade deferral and load following.
- Today’s $ 600/kWh price level of stationary battery storage systems is not economically viable for most grid applications.
- is based on the NAATBatt 150,000 MWh conservative U.S. market volume prediction
- is assuming a slow increase in battery storage installations until 2017
- expects that utilities have established policies for energy storage integration by 2017
- predicts a rapid growth in grid-scaled energy storage installation volume after 2017
- assumes a significant price reduction and increasing competition for energy storage integration by 2017