Lithium ion batteries are leading form of energy storage for new projects

According to a new report from Navigant Research, lithium ion batteries accounted for more than half of newly announced energy storage system capacity and more than 85 percent of deployed ESS power capacity in 2015.

A new report from Navigant Research examines global energy storage projects, providing a database of 1,119 energy storage projects organized by 11 criteria, plus analysis of regional technology choices and market shares.

2015 marked a record year for the global energy storage industry, with continued increases in deployed and newly announced project capacity.

A growing number of technologies were also deployed, including advanced battery and electromechanical storage technologies, and lithium ion (Li-ion) batteries remained the leading form of energy storage for new projects.

“Li-ion batteries are the most popular technology for the growing distributed energy storage system (DESS) and behind-the-meter (BTM) market segments,” says Alex Eller, research associate with Navigant Research. “These systems accounted for an estimated 12 percent of new system capacity announced in 2015, the highest percentage of any year on record.”

While market activity picked up in a number of regions during 2015, North America remains the largest market for newly announced ESSs, according to the report. An estimated 1,653.5 MW of new ESSs were announced worldwide in 2015, with around 33.8 percent of this new capacity coming from North America.

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