The energy storage business may reach a market size of US$103 billion in 2030. This area is also a hot spot for many companies. Companies have used their dominant products to seize market share. Recently, after the setbacks to enter the large-scale electrical storage system market, the United States General Electric (GE) switched to a new battery energy storage platform, hoping to seize this big cake in the battery storage market with companies such as Tesla, Siemens and AES.
General Electric recently announced a new battery energy storage product named 'GEReservoir'. This product is developed using innovative technologies from the Global Research Center. It is a flexible and compact energy storage solution for AC or DC coupled systems. It will shorten the construction and deployment time, improve the battery life and reliability. The product is currently improving the solution to adapt to the current construction of renewable energy projects.
It is understood that Reservoir's solution incorporates GE's advanced technology and expertise in plant control, power electronics, battery management systems and factory electrical balance. GE's reservoir solution is a standardized, stand-alone system using 1.2 MW. /4 megawatts of expanded energy storage system. The company assembled the product in advance at the factory and finalized the deployment of the energy storage system.
In the future, energy storage solutions such as GE, which provide one-stop delivery, are exactly what the energy industry needs.
In the traditional project bidding, the project often uses too much battery assembly, which not only increases the installation time, but also delays the construction progress of the project. With the use of GE's Reservoir equipment, it can reduce the battery usage by 50%. Reduced construction time.
General Electric also said that using this device can extend the battery life by 15%. In the industry, extending the service life of batteries is a technology that all manufacturers are concerned about. Therefore, if General Electric can create a better product, it will be This field enhances the company's technical barriers and strengthens its product position.
As a major supplier to the power industry, General Electric has good corporate reputation and balance sheet to ease investor concerns about the company's energy storage products.
Although energy storage is a small business of GE in the energy storage industry this year, it may become an important driving force for the company's long-term growth.
According to market research firm GTMResearch, the United States will build 9 gigawatt-hour energy storage systems by 2023, which will generate tens of billions of dollars in revenue for the energy storage industry.