2Q 2019

Energy Storage Software

Market Trends, Business Models, and Global Market Forecasts: 2019-2028

As the energy storage market matures, technological progress and legislative and regulatory tailwinds have propelled energy storage systems (ESSs) to the forefront of industry consciousness. Energy storage is flexible, can be deployed rapidly, has numerous applications, and can generate multiple value streams for utilities and their customers. Breakthroughs in adjacent digital technologies including the Internet of Things (IoT), machine learning, and blockchain have engendered the creation of innovative software platforms that advance the technical capabilities and economic viability and bankability of ESSs. 

Software is expected to play an important role in the energy storage industry as power grids transition toward a distributed, digitized, and decentralized system that Navigant Research refers to as the Energy Cloud. Although energy storage is viewed as a key building block for the grid of the future, without sophisticated platforms for design and control, these systems have limited value. Software platforms are primarily responsible for initial project analysis and design, system control and operations, and optimizing system operation for maximum value. Today, ESS software platforms are evolving across market segments, enhanced by underlying digital technologies, to provide complex solutions.

This Navigant Research report analyzes the global market for ESSs with a focus on aggregation, asset management, and grid services. The study examines business models and pricing strategies for software vendors across three major grid-tied energy storage market segments: utility-scale, commercial and industrial (C&I), and residential. Global market forecasts of software vendor revenue for upfront system deployment and annual platform access/maintenance fees are provided through 2028. The report also examines the competitive landscape and key technologies related to ESSs.

Pages 56
Tables | Charts | Figures 30
  • What is the functionality of advanced energy storage software?
  • How do energy storage software platforms provide a competitive advantage?
  • What are the core functions of energy storage software?
  • What are the different business and pricing models used by energy storage software vendors?
  • Who are the key players in the energy storage software market and vendor ecosystem?
  • What are the drivers influencing the development of advanced energy storage software?
  • How much revenue will energy storage software vendors generate through 2028?
  • How will energy storage software platforms advance in the coming years?
  • Energy storage software and technology vendors
  • Energy storage project developers
  • Finance community
  • Government agencies and policymakers
  • Non-governmental organizations
  • Residential/home IoT companies
  • Utilities and electricity industry regulators
  • Investor community

1. Executive Summary

1.1   Market Overview

1.2   Report Scope

1.3   Market Forecasts

2. Market Overview 

2.1   The Energy Cloud 

2.2   The Role of Energy Storage Systems in the Energy Cloud

2.3   Core Functions of ESS Software 

2.3.1   Project Analysis

2.3.2   System Control and Operation 

2.3.3   System Optimization

2.4   ESS Software Vendor Ecosystem 

2.5   ESS Business Models 

2.5.1   DESS Business Models

2.5.1.1   C&I Business Models and Pricing

2.5.1.2   Residential Business Models and Pricing 

2.5.2   UESS Software Business Models

2.5.2.1   UESS Systems Integrator Business Models

2.5.2.2   Utility Distributed Energy Storage Ownership Models 

2.6   Drivers Influencing the Development of Advanced ESS Software

2.6.1   Energy Cloud Platforms

2.6.2   Machine Learning

2.6.3   Customer Experience and the Neural Grid

2.6.4   Intelligent Buildings and Building-to-Grid Integration for C&I Customers

2.6.5   Smart Home/Home Energy Solutions for Residential Customers 

2.6.6   Blockchain

2.6.6.1   Functionalities of Blockchain

3. Key Industry Players

3.1   Leading ESS Software Companies

3.2   Doosan GridTech

3.3   ENGIE Storage Services

3.4   Fluence 

3.5   Greensmith

3.6   Growing Energy Labs, Inc. (Geli)

3.7   IHI Corp. 

3.8   Pason Power

3.9   Powin Energy

3.10   Stem, Inc.

3.11   Sunverge Energy 

4. Market Forecasts

4.1   Methodology and Assumptions

4.2   Revenue by Region

4.2.1   Upfront Fees

4.2.2   Annual/Recurring Fees

4.3   Utility-Scale Software Revenue

4.4   C&I Software Revenue

4.5   Residential Software Revenue

4.6   Conclusions and Recommendations

5. Acronym and Abbreviation List

6. Table of Contents

7. Table of Charts and Figures

8. Scope of Study, Sources and Methodology, Notes

  • Energy Storage Software Vendor Revenue by Region, World Markets: 2019-2028
  • Energy Storage System New Project Revenue by Segment, World Markets: 2019-2028
  • Total Energy Storage Software Upfront Revenue by Region, World Markets: 2019-2028
  • Total Energy Storage Software Annual/Recurring Revenue by Region, World Markets: 2019-2028
  • Utility-Scale Energy Storage Software Revenue, World Markets: 2019-2028
  • C&I Energy Storage Software Revenue, World Markets: 2019-2028
  • Residential Energy Storage Software Revenue, World Markets: 2019-2028
  • Complex, Interconnected Services in the Energy Cloud
  • ESS Software Core Operating Modules
  • The Energy Storage Project Value Chain
  • Energy Cloud Platforms
  • GWAC Interoperability Context-Setting Framework
  • Market Transformation from Linear to Sustained Engagements
  • The Smart Home

 

  • Market Drivers and Services Provided by DESSs and UESSs
  • ESS Cost Breakdown by Component, Percentage of Total System Costs, Estimated 100 KW/200 kWh Li-Ion Battery System, US: 2019, 2025, 2028
  • Utility-Scale Energy Storage System New Project Revenue by Region, World Markets: 2019-2028
  • C&I Energy Storage System New Project Revenue by Region, World Markets: 2019-2028
  • Residential Energy Storage System New Project Revenue by Region, World Markets: 2019-2028
  • Total Energy Storage Software Upfront Revenue by Region, World Markets: 2019-2028
  • Total Energy Storage Software Annual/Recurring Revenue by Region, World Markets: 2019-2028
  • Total Energy Storage Software Revenue by Market Segment, World Markets: 2019-2028
  • Utility-Scale Energy Storage Software Upfront Revenue by Region, World Markets: 2019-2028
  • C&I Energy Storage Software Upfront Revenue by Region, World Markets: 2019-2028
  • Residential Energy Storage Software Upfront Revenue by Region, World Markets: 2019-2028
  • Utility-Scale Energy Storage Software Annual/Recurring Revenue by Region, World Markets: 2019-2028
  • C&I Energy Storage Software Annual/Recurring Revenue by Region, World Markets: 2019-2028
  • Residential Energy Storage Software Annual/Recurring Revenue by Region, World Markets: 2019-2028
  • Systems Integrator Business Model Focus Areas
  • Utility Distributed Energy Storage Ownership Models: 2019
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