Find Energy Storage Companies and Suppliers
Energy storage companies and suppliers are developing the technologies that will allow us to store excess energy to meet future energy demands. These companies are positioned to serve customers throughout the world. Listed below are some of the companies that are making a difference. These companies provide a variety of energy storage options, including battery storage, hydrogen storage, energy storage with carbon capture, and more. The companies are focused on reducing energy costs while increasing energy security and reliability.
The industry is currently experiencing a shortage of batteries and battery makers. This is affecting the market and putting pressure on energy storage company. The resulting shortage of batteries threatens the financial viability of the industry. According to Bloomberg NEF, energy storage projects will grow exponentially, from a modest nine gigawatt-hour capacity in 2018 to a staggering 1,095 GWh capacity by 2040. This dramatic increase will require an estimated US$662 billion in investment.
Energy Acuity, a leading provider of power delivery and generation market intelligence, has compiled a list of the leading energy storage companies worldwide. These companies are leading the way in the energy storage industry and are considered “influencers” in their sectors. Many of these companies operate on the local level, but also collaborate with companies in adjacent sectors.
NextEra Energy, one of the largest utility companies in the US, supplies electricity to more than five million residents. NextEra Energy’s energy storage technology is a world leader in battery storage. Its energy storage system employs advanced SCIB technology, a highly-performing DC/AC converter, and stability controls.
Energy Storage Companies and Suppliers
Tesla is another big name in the energy storage industry. It recently announced a partnership with BYD to develop energy storage systems for solar applications. The company has a range of battery energy storage systems, and also offers a photovoltaic inverter. This allows solar-panel operators to store unused energy during the day. The company also secured a deal to supply an energy storage solution to a 90 megawatt offshore wind farm in the UK. Tesla also has a presence in the energy storage sector, and manufactures energy storage products for Tesla vehicles.
Fluence has also recently announced a partnership with Northvolt. The two companies have a number of goals in common, including increasing energy storage’s utility value. Fluence will benefit from Northvolt’s massive production capacity in northern Sweden. Northvolt plans to produce 32 gigawatt-hours of energy from its gigafactory by 2024. The partnership will also allow Fluence to have a greater say in the supply chain.
Hydrostor is another major player in the energy storage market. The company recently secured a $250 million preferred equity financing commitment. The company has developed a high-tech compressed air energy storage system that uses hydrostatic compensation. The company has been described as a key player in utility-scale long-duration energy storage.
Alpha ESS: This Chinese company develops lithium-ion batteries for both commercial and residential markets. It has a production capacity of 1 GWh per year, and is dedicated to innovation. The company has over 40 percent of its workforce devoted to research and development. The company also offers a complete solution for energy storage, from battery management systems to energy system integration.