The steady depletion of global energy resources due to increased consumption by mankind has contributed to the severe problem of exhausting all available nonrenewable energy resources such as natural gas, oil, and coal. Energy storage is becoming one of the most important components of power generation, transmission and distribution, and consumption management. Energy storage can save the utilities, and their customers, money by eliminating the need for expanding new transmission lines and infrastructure.
Lithium-ion battery powered energy storage is the technology of choice today. Lithium-ion batteries are doing far more than simply power laptops and smartphones, but are being used in high-performance cars like the Tesla Model S and the Chevy Bolt. While the lithium-ion battery is the dominant technology used in ESS, many worry about the harmful consequences when procuring the rare mineral. Li-ion battery containing cobalt is not only hazardous to the environment due to its toxic nature, but is also found and mined in a select “conflict areas” around the world where human rights (i.e. child labor in DRC) are often violated.
Nevertheless, promising technologies such as flow battery and fuel cell are poised to scale-up and offer alternative storage solutions sometime in the near future. Energy storage will continue to see advances as more manufacturers enter the market and the industry continues to expand and mature. To assist CIOs in identifying the most reliable companies to partner with, a distinguished panel consisting of CEOs, CIOs, analystseditorial board has assessed and shortlisted some of the most prominent organizations in the industry. We present to you – “Top 10 Energy Storage Solution Providers – 2019”.
