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Energy Storage Trends and Opportunities in Emerging Markets (English)

Energy storage is a crucial tool for enabling the effective integration of renewable energy and unlocking the benefits of local generation and a clean, resilient energy supply. The technology continues to prove its value to grid operators around the world who must manage the variable generation of solar and wind energy. However, the development of advanced energy storage systems (ESS) has been highly concentrated in select markets, primarily in regions with highly developed economies. While the costs for renewable generation continue to fall, integrating and effectively using these new resources, especially in regions with weak grid infrastructure, will require energy storage. Furthermore emerging economies must bring reliable electricity service to about 1.2 billion people who currently lack access. This report will provide an overview of energy storage developments in emerging markets along with details on the services ESSs can provide at the utility-scale, in buildings, and in remote power systems. Key trends and barriers for the technology in emerging markets will also be explored in depth. Finally, case studies are included to highlight successful projects around the world that demonstrate both the challenges and potential for energy storage in emerging markets.

Details

  • Author

    Eller,Alex Gauntlett,Dexter

  • Document Date

    2017/12/31

  • Document Type

    Report

  • Report Number

    151215

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region, Other,

  • Disclosure Date

    2020/07/28

  • Disclosure Status

    Disclosed

  • Doc Name

    Energy Storage Trends and Opportunities in Emerging Markets

  • Keywords

    energy storage; international organization for standardization; primary source of electricity; short period of time; retail price of electricity; reduction in fuel consumption; remote power; transmission and distribution; cost of diesel; retail electricity rate; emerging market country; competitive electricity market; value chain; market for energy; peak demand period; electricity market structure; number of systems; energy cost management; power purchase agreement; diesel fuel consumption; investments in energy; return on investment; wind generating capacity; renewable energy penetration; demand for energy; amount of fuel; competition between suppliers; cost of electricity; energy usage profile; electric power industry; availability of fuel; quality of performance; private sector business; economies of scale; renewable energy production; thermal energy management; national power grid; emissions reduction target; population without access; independent power producer; forms of energy; innovative financing mechanism; international development finance; billion people; Access to Electricity; energy management efficiency; Ownership Share Type; energy storage technology; backup power

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Citation

Eller,Alex Gauntlett,Dexter

Energy Storage Trends and Opportunities in Emerging Markets (English). Energy Sector Management Assistance Program (ESMAP) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/388571595918184440/Energy-Storage-Trends-and-Opportunities-in-Emerging-Markets