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Wood Mackenzie

Lead batteries have lost the ESS battle as competition from lithium-ion grows

Thu, 03/19/2020 - 15:29 -- Paul Crompton

Lead batteries no longer have a place in the energy storage system (ESS) market as lithium-ion becomes the number one choice of project developers, industry analysts Wood Mackenzie has said.

Outside of UPS applications, lead-acid has lost ground in the expanding ESS market place that topped 6GWh in 2018, say the analysts.

Xu Le, a senior analyst from Wood Mackenzie’s Singapore office, told BEST: “Lead-acid doesn’t really have a place in the ESS market in 2020, outside of UPS systems. It is not a competing technology anymore."

However, the Consortium for Battery Innovation (CBI) has refuted WoodMac’s suggestion.

The organisation’s director Dr Alistair Davidson told BEST: “Lead battery energy storage systems are excellent in the mid-range power area (1-5MW). These systems are typically used for energy storage systems for industrial and commercial applications for demand response services. 

"This market is set for the most growth. It is strategic penetration and in this application space, lead batteries have the best techno-economics relative to acquisition cost and payback period.”

 

 

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Remarkable year for US energy storage sector as the Q4 market breaks records

Wed, 03/11/2020 - 13:55 -- Paul Crompton

The US has set a new energy storage deployment record during the final quarter of the year as markets across all segments showed signs of growth.

The US energy storage sector deployed 186MW/364MWh of storage in Q4 to set a power capacity record last year, according to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report.

Front-of-the-meter (FTM) applications took the lion’s share of the market for the first time in three quarters as deployment jumped 160% to 104MW in Q4 2019— or 56% of all quarterly deployments, in MW terms.

The non-residential BTM sector deployed 42.2MW in the final quarter of last year, its second-strongest quarter on record, while the residential market saw 40.4MW installed in the same time period.

 

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Coronavirus impact on lithium-ion industry to be felt for at least another year

Fri, 03/06/2020 - 09:56 -- Paul Crompton

The outbreak of coronavirus COVID-19 is putting China lithium-ion manufacturers into the ‘high risk’ supplier and production category. 

Industry analysts Wood Mackenzie predict a drop of 10% (26GWh) in lithium-ion battery production in China, with the Hubei province most impacted by the outbreak.

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Coronavirus wipes 10% off China’s lithium-ion battery manufacturing forecast

Thu, 02/13/2020 - 14:25 -- Paul Crompton

Energy research group Wood Mackenzie forecasts COVID-19 will reduce China’s battery storage production capacity by as much as 10% compared to the pre-coronavirus 2020 forecast.

The company predicts governmental measures to minimise human-to-human interaction in China, including factory shut-downs, will hit this year’s battery output by 26GWh.

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Global storage market to grow thirteen-fold in five years

Fri, 04/12/2019 - 13:40 -- Hugh Finzel

New research from Wood Mackenzie Power & Renewables has predicted that the global market for energy storage will increase from its current 12GWh to 158GWh by 2024.

The report said the five-year period from 2013-18 saw a global GWh compound annual growth rate (CAGR) of 74%, although the report “did observe relatively small deployment totals of 7GW/12GWh for the period”.

Research director Ravi Manghani said “more than half of the GWh during this period came online in 2018 alone, beckoning an inflection in storage demand”.

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‘Lead to power ahead for years to come’, say analysts

Mon, 01/28/2019 - 00:00 -- John Shepherd

Automotive lead battery demand is in a “state of flux”, but market analysts have warned: “Don’t be too hasty in writing off the humble lead car battery”.

Lead-acid is “increasingly under threat from new battery technologies”, according to metal and materials research consultancy Wood Mackenzie in its 2019 lead outlook.

But the world is yet to see the peak production of internal combustion engine (ICE) vehicles, “and there are new developments in this old technology intended to keep it competitive and relevant for many more years”, the outlook said.

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Anderman cautious on EV ‘expansion’

Mon, 01/28/2019 - 00:00 -- John Shepherd
Menahem Anderman

Electric vehicle penetration of the global car fleet will be at less than 10% by 2025, industry guru Menahem Anderman has told BEST Battery Briefing.

Anderman, who chairs this week’s Advanced Automotive Battery (AABC Europe) Conference under way in Strasbourg, said: “We are on the edge of expansion, but I am not sure it will be as much as some people project.”

“It might be a bit lower than some, such as European car makers, predict,” Anderman told BBB.

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