SINGAPORE, Aug. 8, 2017 /PRNewswire/ — Utilities are increasingly demanding that the life of battery-based energy storage systems (BESS) be extended to 10 years so they can obtain sizeable returns on their investment. Battery manufacturers currently offer five years and are making concerted efforts to enhance the durability of BESS as well as provide value-added services such as warranty and operations and maintenance contracts. In addition to higher energy efficiency, manufacturers are focusing on offering modular systems to help utilities achieve their environmental targets.
“Battery manufacturers are working toward providing modular, containerized systems that can be easily transported and quickly installed,” said Frost & Sullivan Energy & Environment Principal Consultant Suchitra Sriram.
“These modular systems will also be able to withstand higher temperatures and work under extreme physical conditions. Moreover, manufacturers are acknowledging the need to offer modularity in terms of battery sizing to meet diverse application needs,” she added.
Battery Energy Storage Systems for Grid Applications in Asia-Pacific, Forecast to 2021 is part of Frost & Sullivan’s Energy Storage Growth Partnership Subscription. The key objective of the study is to understand the dynamics of the utility-scale, grid-connected BESS market for utility application. The study covers the geographic markets of India, China, Southeast Asia (Vietnam, Indonesia, Thailand, Malaysia, the Philippines, Singapore, Myanmar), East Asia (Japan, Taiwan, South Korea) and Australia–New Zealand.
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The most successful companies in the Asia-Pacific BESS market are those with a strong local presence. Battery manufacturers are finding increasing value in partnering with System Integrators (SIs) all along the value chain in order to entrench themselves in the market and offer robust value to clients. As SIs act as a bridge between utilities and vendors, these partnerships are inevitable and help vendors establish a direct relationship with utilities.
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