New lithium battery system TS.
According to GTM Research, global lithium-ion battery storage capacity is expected to expand at a compound annual growth rate (CAGR) of 55% by 2022.
Market analysts in their latest report predict that lithium-ion devices will grow more than eight-fold during the five-year period, from 2 GWh in 2017 to 18 GW in 2022. The US will maintain its presence in the market. The leading position. Secondly China, Japan and Australia, which are supported by early battery projects, market reforms and energy storage projects. Analysts said that due to their centralized policies, countries such as China and South Korea will experience 'rapid development'.
As the demand for electric vehicle batteries increases, this also affects the cost of grid-related battery storage applications. The price of battery packs is expected to drop 82% from $219/kWh in 2040 to $39 (33.7 euros) per kWh. This will in turn allow the use of battery storage in a wider range of applications, while the value of energy storage assets will rise due to the expansion of wind and solar energy.
GTM Research pointed out, for example, that Australia's price has begun to decline after the introduction of the first large-scale battery storage facility, triggering the hope that the battery may begin to 'economically replace' the natural gas plant to obtain peak power in 2025. At the same time, the battery It is seen as the main bearer of California's flexible peaking capability, which in turn will further push down prices, and the state plans to completely eliminate fossil fuel power by 2045.
