Hybrid Advanced Battery Markets

Battery-Battery, Battery-Capacitor, and Other Hybrid Systems:
Global Market Analysis and Forecasts

The stationary energy storage industry has begun to explore grid-scale hybrid solutions known as hybrid energy storage systems (HESSs). Navigant Research defines a HESS as a stationary ESS that integrates two or more energy storage technologies with complementary operating characteristics. The aim is to deliver power capacity, energy duration, and cycle life in a single system that is not achievable by any one energy storage technology. The advantages to deploying HESSs over typical stationary ESSs include lower cost, increased system efficiency, increased system lifetime due to optimized operation, and the ability to do more and last longer with less overall storage capacity.

HESSs have the potential to change the energy storage landscape and give customers better options to service their needs. Much of the continued growth of the industry will occur alongside the maturation of pure-play battery energy storage technology. The future of the HESS industry in any market will be largely decided by customer and grid operator needs, evolving market structures that value flexible resources favorably, and the local utilities’ views on new technology. According to Navigant Research, global installed HESS power capacity is expected to grow from 78.6 MW in 2017 to 2.1 GW in 2026.

This Navigant Research report analyzes the global market for utility-scale and customer-sited HESSs. The study examines the market drivers and barriers and technological trends affecting the deployment of HESSs around the world. Global forecasts for power capacity, energy capacity, and revenue, segmented by region, technology, and market segment, extend through 2026. The report focuses on current and future technologies in the HESS market, including battery-battery, battery-capacitor, and other hybrid systems.

Key Questions Addressed:
  • What types of hybrid energy storage systems (HESSs) are currently available in the market?
  • What important factors should be considered when evaluating whether a HESS is the best option?
  • What are the advantages of choosing a HESS over a single pure-play technology?
  • Which regions will be the most attractive for HESSs?
  • Which key vendors have built or are building HESSs?
  • What are the major enabling technologies necessary to ensure that HESSs work effectively?
Who needs this report?
  • Energy storage technology vendors
  • Smart grid controls and software companies
  • Energy engineering, procurement, and construction (EPC) firms
  • Inverter companies
  • Solar finance companies
  • Utilities
  • Investor community

Table of Contents

1. Executive Summary

1.1   Introduction to Hybrid Energy Storage Systems

1.2   Report Scope

2. Market Issues

2.1   Energy Storage Market Overview

2.2   Defining HESS Technology

2.2.1   Battery-Battery Systems

2.2.2   Capacitor-Battery Systems

2.2.3   Other Hybrid Types

2.2.4   Balance-of-System Considerations

2.2.4.1   Hardware: Energy Storage Coupling Architecture

2.2.4.2   Software

2.3   Market Drivers

2.4   Market Challenges

2.5   Market Considerations Supporting HESS Adoption

2.5.1   Market Structures

2.5.2   Rate Structures

2.5.3   Government Policy

2.5.4   Strategic Partnerships

3. Market Forecasts

3.1   Forecast Assumptions and Methodology

3.2   Power Capacity

3.3   Energy Capacity

3.4   Market Revenue

3.5   Conclusions and Recommendations

4. Acronym and Abbreviation List
5. Table of Contents
6. Table of Charts and Figures
7. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Energy Storage Market Overview
  • Hitachi Li-Ion-Advanced Lead-Acid Hybrid HESS
  • Capacitor-Battery Hybrid System Architecture Example
  • Bench-Scale HESS Experimental Test Bed
  • Hybrid CAES-PHS Schematic
  • Smart Inverter Diagram
  • ESS Software Core Operating Parameters
  • Energy Storage CAPEX Assumptions by Technology for Power Services, Average Installed Costs: 2017-2026
  • Installed HESS Power Capacity by Region, World Markets: 2017-2026
  • Installed HESS Power Capacity by Market Segment, World Markets: 2017-2026
  • Installed HESS Energy Capacity by Region, World Markets: 2017-2026
  • Installed HESS Energy Capacity by Technology, World Markets: 2017-2026
  • Installed HESS Energy Capacity by Market Segment, World Markets: 2017-2026
  • Average HESS Total CAPEX by Technology, World Markets: 2017-2026

List of Tables

  • HESS Component Discharge Duration Assumptions by Technology, Global Averages: 2017
  • Energy Storage CAPEX Assumptions by Technology, Average Installed Costs, World Markets: 2017-2026
  • Average HESS Total CAPEX by Technology, World Markets: 2017-2026
  • Average HESS Enabling Technologies CAPEX by Application, World Markets: 2017-2026
  • Installed HESS Power Capacity by Region, World Markets: 2017-2026
  • Installed HESS Power Capacity by Technology, World Markets: 2017-2026
  • Installed HESS Power Capacity by Market Segment, World Markets: 2017-2026
  • Installed HESS Energy Capacity by Region, World Markets: 2017-2026
  • Installed HESS Energy Capacity by Technology, World Markets: 2017-2026
  • Installed HESS Energy Capacity by Market Segment, World Markets: 2017-2026
  • Installed HESS Revenue by Region, World Markets: 2017-2026
  • Installed HESS Revenue by Technology, World Markets: 2017-2026
  • Installed HESS Revenue by Market Segment, World Markets: 2017-2026
  • Installed HESS Power Capacity by Technology and Region, World Markets: 2017-2026
  • Installed HESS Energy Capacity by Technology and Region, World Markets: 2017-2026
  • Installed HESS Power Capacity by Market Segment and Region, World Markets: 2017-2026
  • Installed HESS Energy Capacity by Market Segment and Region, World Markets: 2017-2026

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