Leader in Energy Storage System Integration
The energy storage industry is growing fast, and the future of the sector looks bright. According to a recent report from Guidehouse Insights, the leading players in the global energy storage system integration market are Fluence, RES, Powin Energy, and Nidec ASI. These companies have emerged as market leaders in this field, and have developed innovative energy storage solutions.
The technology has been adopted in numerous countries, including the U.S., which has led the way with projects around the world. The company has also developed a BESS that has installed 268 megawatts of capacity in utility-scale systems. It is a complete system provider and EPC contractor, overseeing the design phase, construction, testing, and maintenance activities throughout the life cycle of the system. As of 2018, the company’s Industrial Solutions division has installed more than 500 MWh of energy storage systems throughout the world.
Fluence is the industry’s leading battery-based energy storage system provider. The company’s Home Battery RESU systems are designed for convenience and use lithium-ion batteries. General Electric is another leader in energy storage systems and produces a wide variety of battery systems for standalone or hybrid applications. Hitachi, meanwhile, produces modular battery energy storage systems for a variety of utility-scale applications, including wind and solar energy sources.
Who is the Leader in Energy Storage System Integration?
While most of these companies have a wide portfolio of energy storage solutions, they each have a specific expertise. Entergy, which started business in 1902, has an energy storage system portfolio of over 16 gigawatts. Eversource, a New England-based energy company, has also begun to enter the energy storage industry in recent years. Another leader in the energy storage system industry is Invenergy, a Chicago-based company that specializes in large-scale energy storage system. These companies focus on developing large-scale energy storage systems and adding flexibility to power grids.
The latest innovation in energy storage is the IO-5M battery, a 5 kilowatt-hour battery designed for multiple applications during a power cut. This battery can be used in medical devices and domestic appliances, and is a unique approach to reserve power supply. Despite its limitations, the IO-5M battery is not suited for photovoltaic projects.
With the global push towards 100% renewable energy, the market for energy storage systems is booming. Companies are finding ways to expand storage capacity, extend their lifetime, and cut costs dramatically. Lithium battery technology, for example, is gaining ground rapidly. As a result, lithium-ion batteries are a viable investment option for solar and energy storage systems.
Tesla, Inc. is a company founded in 2003 that operates in the electric car, solar, and energy storage systems industries. The company’s products include Powerwall and Powerpack batteries. Sonnen is another company offering affordable renewable energy generation and battery storage solutions. The company’s mission is to provide consumers with clean, green energy. General Electric, one of the largest companies in the energy sector, has been in business for 130 years. It has produced the ‘Reservoir’ energy storage system.