Energy Storage Software: Aggregation, Asset Management, and Grid Services

Energy Storage Software: Aggregation, Asset Management, and Grid Services

Energy Storage Software: Aggregation, Asset Management, and Grid Services

Report
Format: PDF-Excel
Published year: 2016
Publisher: Navigant Research
Language: English
Pages: 71

Summary

As the energy storage industry matures, it is expected that energy storage systems (ESSs) will be required to provide a number of different services depending on grid and market conditions. Balancing this complexity will require sophisticated analytical and system control capabilities to ensure an ESS provides the maximum value and maintains peak performance for as long as possible. Despite the industry?s progress to date, several barriers remain for the energy storage market in each major segment worldwide. Software platforms are emerging as the tool that can allow the industry to overcome these challenges. Energy storage software platforms are responsible for designing and modeling the optimal specifications and operating parameters of a system before development begins, helping to educate customers and reduce project costs by streamlining development. These same platforms are also used to manage the daily operations of and charge/discharge patterns for a system, determining the most economical operations based on market and system conditions. Moreover, software platforms must maximize the lifetime of storage systems, including batteries with limited lifecycles. Thus, software will play an increasingly important role in reducing ESS costs and maximizing system value as the industry continues to evolve. This Navigant Research report analyzes the global market for ESSs, with a focus on aggregation, asset management, and grid services. The report examines the business models and pricing strategies for software vendors across the three major grid-tied energy storage market segments: utility-scale, commercial and industrial (CAndI), and residential. Global market forecasts of software vendor revenue for both upfront system deployment and annual platform access/maintenance fees are provided through 2025 for all seven major world regions. The report also examines the key technologies related to ESSs, as well as the competitive landscape.
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