Ancillary Services to Power Energy Storage Growth

The energy storage market is expected to receive a boost through the growing need to regulate utility frequency, provide voltage support, and generally maintain a dependable, safe and efficient delivery of power. Ancillary services can help an electrical grid in all those aspects, which translates to a concurrent rise in demand for the energy storage systems that reinforce those ancillary services.

Navigant Research forecasts that the market revenue for energy storage systems in the ancillary services sector will balloon to $3.8 billion in a decade, up from less than $590 million today. Anissa Dehamna, speaking as a senior research analyst at Navigant, thinks that “the integration of intermittent, distributed, renewable sources of power, the technical challenges of generating, transmitting, and distributing electricity … along with the growing volatility of load and generation, moves toward deregulation in high economic growth markets, such as Asia Pacific, are highlighting the value of ESSs for ancillary services.”

Source and read more 

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.

LATEST ARTICLES

Battery Storage for Commercial & Industry

Powerful battery storage offers many advantages in terms of saving electricity costs and a reliable power supply. With this technology, companies retain control of their energy supply and costs. The battery storage system is charged when energy is cheaply available and it supplies the stored electricity when prices are at their highest. With applications such…

Read More

★REVIEWS

“Probably the most interactive and well organized storage event on the calendar.”

★★★★★

Sales Director, S&C

“Great topics, competent speakers, good networking: keep it like that.”

★★★★★

TLC & SCADA Manager, FRI-EL

“High scientific content, well targeted, perfect organization.”

★★★★★

Expert Technical & Governance, Elia

Excellent networking event. The sponsorship was well worth it.”

★★★★★

Manager, ATL

View More

x