Energy management: Advanced battery chemistries expected to impact lithium ion’s market share

energy management Navigant Research

Energy management: A new report from Navigant Research examines the global market for next-generation advanced batteries in the transportation and grid-tied stationary energy storage sectors, with forecasts for capacity by region, chemistry, and revenue, through 2025.

Several new battery chemistries are projected to enter the global transportation and grid-tied stationary energy storage markets as researchers look to meet and exceed the safety expectations of lithium ion (Li-ion) at lower price points. These new chemistries, which are not yet commercially available, include lithium sulfur (Li-S), lithium solid-state (Li-SS), next-generation flow, and a liquid metal battery, are expected to reach a combined global market penetration of 7.5 percent across the transportation and grid-tied stationary energy storage sector in 2025.

“The path toward commercialization for next-generation advanced batteries remains challenging, with tremendous obstacles to overcome at each stage of growth,” says William Tokash, senior research analyst with Navigant Research. “Industry players looking to gain a strategic advantage should partner with large, well-funded, committed Li-ion battery technology and energy companies now moving into the energy storage sector.”

Li-ion is currently the primary chemistry used for transportation and grid-tied stationary energy storage applications that require next-generation batteries, yet it presents future limitations, including challenges related to energy density, safety, and costs. According to the report, Li-S, Li-SS, next-generation flow, and other advanced batteries represent potential contenders that may begin to encroach on Li-ion market share as the world’s most flexible battery chemistry in these sectors.

The report, Next-Generation Advanced Batteries, analyzes the global market for next-generation advanced batteries in two key sectors: transportation (motive) and grid-tied stationary energy storage. The study provides an analysis of the market issues, including demand and commercialization factors, associated with next-generation advanced batteries. Global market forecasts for capacity by region, chemistry, and sector and revenue by region extend through 2025. The report also examines the key technologies issues related to next-generation batteries, as well as the competitive landscape. 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.

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.

For more information about Navigant Research or other products, click here to go to Utility Products’ Buyers Guide.
 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...