Energy Breakthrough Innovation Enabling Efficient Thermal Energy Storage (TES)

TES Systems Hold Wide Application Flexibility and Decarbonization Potential across Industries.

INDUSTRY
Energy

RELEASE DATE
31-May-2022
REGION
Global
DELIVERABLE TYPE
Technology Research

RESEARCH CODE
DA4C-01-00-00-00
SKU
EG02236-GL-TR_26574
Yes
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Breakthrough Innovation Enabling Efficient Thermal Energy Storage (TES)
Published on: 31-May-2022 | SKU: EG02236-GL-TR_26574

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Energy storage systems are key enabling technologies that reduce emissions and improve the efficiency of buildings; they also facilitate the integration of renewable energy resources and enhance the stability of the grid. As countries across the world focus on achieving net-zero targets by 2050 and move to a circular economy, thermal energy storage (TES) systems will increasingly become a key part of the green revolution. Reliability, the minimal use of rare materials, and the ability to provide both heat/cold and electricity are some of the prominent features that make TES systems an attractive alternative to batteries.

This Frost & Sullivan research service focuses on the disruptive technologies and the latest achievements in the TES space. It also highlights the various types of TES systems and compares them in terms of storage duration, application, efficiency, and other important factors.

The study offers a detailed review of the technological challenges that need to be overcome; existing and future TES systems are also discussed. In addition, the research service examines the global TES patent landscape, and it highlights the key patent owners/assignees and the patent jurisdiction with the highest activity. The study outlines and describes heat/cold storage concepts and the different methodologies by which energy can be stored thermally and reutilized in the form of heat/cold or electricity. The study also highlights the emerging growth opportunities in the TES industry and offers recommendations to industry participants to leverage these opportunities.

Why Is It Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the TES Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Methodology

Research Context

Research Scope

TES Technology Advancements—Key Findings

TES is Gaining Traction as a Key Enabler of Flexible and Secure Renewable Energy Integration.

Sensible Heat Storage Continues to Dominate the Market while Latent Heat Storage Options are Gaining Traction.

Widespread Applicability and Long Storage Duration Make Sensible Heat Storage an Attractive Option

TES Application Mapping

Cost Comparison of Key Storage Technologies

Growth Drivers

Growth Restraints

Technologies that Enable Efficient and Reliable TES Applications

Liquid Air Thermal Storage Technology Enables Carbon-free Storage

Liquid Air Thermal Storage Technology Enables Carbon-free Storage (continued)

Thermal Battery Storage Technology Offers Reduced Upfront Costs and Long Operating Life

Thermal Battery Storage Technology Offers Reduced Upfront Costs and Long Operating Life (continued)

TES Systems Generate Electricity from the Temperature Differences between Storage Mediums

TES Systems Generate Electricity from the Temperature Differences between Storage Mediums (continued)

Innovative Solar Plus Thermal Storage Systems Offer Superior Round Trip Efficiency

Innovative Solar Plus Thermal Storage Systems Offer Superior Round Trip Efficiency (continued)

TES Technology is Suitable for Long-term Energy Storage

TES Technology is Suitable for Long-term Energy Storage (continued)

Cold Energy Storage Solutions Improve Buildings’ Energy Efficiency

Cold Energy Storage Solutions Improve Buildings’ Energy Efficiency (continued)

Supercritical CO2 Power Cycle-based Electro-thermal Energy Storage

Supercritical CO2 Power Cycle-based Electro-thermal Energy Storage(continued)

CO2-based Long-duration Energy Storage Solution

CO2-based Long-duration Energy Storage Solution (continued)

Other Prominent TES Innovation

The United States Leads TES R&D Activity

Growth Opportunity 1: The Demand for Low-cost Grid-scale Energy Storage Solutions is Propelling the Deployment of TES Systems

Growth Opportunity 1: The Demand for Low-cost Grid-scale Energy Storage Solutions is Propelling the Deployment of TES Systems (continued)

Growth Opportunity 2: TES Systems Offer Significant Opportunity to Improve Energy Efficiency in Buildings

Growth Opportunity 2: TES Systems Offer Significant Opportunity to Improve Energy Efficiency in Buildings (continued)

Growth Opportunity 3: Stronger Regulations Propel TES Deployment

Growth Opportunity 3: Stronger Regulations Propel TES Deployment (continued)

Technology Readiness Levels (TRL): Explanation

Industry Interactions

Your Next Steps

Why Frost, Why Now?

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Energy storage systems are key enabling technologies that reduce emissions and improve the efficiency of buildings; they also facilitate the integration of renewable energy resources and enhance the stability of the grid. As countries across the world focus on achieving net-zero targets by 2050 and move to a circular economy, thermal energy storage (TES) systems will increasingly become a key part of the green revolution. Reliability, the minimal use of rare materials, and the ability to provide both heat/cold and electricity are some of the prominent features that make TES systems an attractive alternative to batteries. This Frost & Sullivan research service focuses on the disruptive technologies and the latest achievements in the TES space. It also highlights the various types of TES systems and compares them in terms of storage duration, application, efficiency, and other important factors. The study offers a detailed review of the technological challenges that need to be overcome; existing and future TES systems are also discussed. In addition, the research service examines the global TES patent landscape, and it highlights the key patent owners/assignees and the patent jurisdiction with the highest activity. The study outlines and describes heat/cold storage concepts and the different methodologies by which energy can be stored thermally and reutilized in the form of heat/cold or electricity. The study also highlights the emerging growth opportunities in the TES industry and offers recommendations to industry participants to leverage these opportunities.
More Information
Deliverable Type Technology Research
Author Nikhil Paranjape
Industries Energy
No Index No
Is Prebook No
Podcast No
WIP Number DA4C-01-00-00-00

Breakthrough Innovation Enabling Efficient Thermal Energy Storage (TES)

$4,950.00

Special Price $3,712.50 save 25 %

In stock
SKU
EG02236-GL-TR_26574