Navigant Research’s Energy Storage Tracker Identifies Over 1,900 Projects in Latest Update

Energy storage is expected to become an increasingly viable option
to meet changes in load, which will play a critical role in the
structure and operation of the power grid

BOULDER, Colo.–(BUSINESS WIRE)–#Distribution–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 project.

Energy storage grants stakeholders flexibility on the generation,
transmission, distribution, and end-use sides of the grid. As a result,
the energy storage landscape has grown increasingly sophisticated
through 2018, marked by new types of projects that are being monetized
by innovative business models. Click
to tweet: According to a new report from @NavigantRSRCH,
worldwide, more than 1,900 energy storage projects exist, marking an
increase of about 200 projects since last year.

“Several new companies have entered the market across the energy storage
value chain while legacy companies have sought to bolster their
presence,” says Ian McClenny, research analyst with Navigant Research.
“The growing need to modernize global electricity grids and the
evolution of business cases for deploying storage ensure that this
market will continue to grow quickly over the coming years.”

Other factors driving the energy storage market forward include the
restructuring of electricity markets and an increase of variable
generation sources. In addition, Navigant Research expects energy
storage to increasingly become a viable option to meet changes in load,
which will play a critical role in the structure and operation of the
power grid.

The report, Energy
Storage Tracker 4Q18, provides a comprehensive resource of
global energy storage projects. The Tracker includes a database of 1,935
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 4Q18, 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
lindsay.funicello.paul@navigant.com