Global Energy Storage Market Outlook 2019: Powering Tomorrow's Grid Today

The Battery Boom: Why 2019 Became Energy Storage's Breakout Year

Remember when energy storage meant grandma's AA battery drawer? The global energy storage market outlook 2019 revealed an industry undergoing metamorphosis - think caterpillar to grid-scale butterfly. This wasn't just about storing electrons anymore; it became the linchpin for renewable energy adoption worldwide.

Market Drivers Charging Ahead

  • Solar and wind capacity grew 24% YOY, creating storage demand spikes
  • Lithium-ion battery prices plummeted to $156/kWh (a 85% drop since 2010)
  • 14 countries implemented new storage-friendly energy policies

The real showstopper? Tesla's 129 MWh Powerpack installation in South Australia - enough to power 30,000 homes during blackouts. It became the poster child for storage viability, though critics joked it was just Elon Musk's giant Powerbank.

Technology Wars: From Flywheels to Flow Batteries

While lithium-ion dominated headlines, 2019 saw strange bedfellows in storage tech:

Technology Advantage Quirky Fact
Compressed Air 8-12 hour discharge Uses abandoned mines as storage caves
Vanadium Flow Unlimited cycles Electrolyte looks like blue Gatorade
Thermal Storage Solar heat banking Molten salt reaches 565°C - pizza oven temps!

The China Syndrome: Manufacturing Muscle Meets Market Might

While Western companies focused on sexy tech, China quietly built the world's largest pumped hydro storage facility - a $3.1 billion behemoth with enough capacity to charge 9 million Teslas simultaneously. Their secret sauce? Combining storage infrastructure with high-speed rail projects in what analysts called "infrastructure speed dating".

Regulatory Hurdles: The Paper Wall

The 2019 outlook exposed regulatory frameworks moving at dial-up speed in a 5G world. Key pain points included:

  • 37% of markets lacked clear storage classification
  • Double taxation issues in 12 countries
  • Interconnection rules written for fossil fuel plants

California's "Storage Mandate" became the gold standard, requiring utilities to procure 1.3 GW of storage - equivalent to building a new nuclear plant, but with way fewer protest signs.

The Investment Tsunami

2019 saw venture capital flow into storage like caffeine into an all-nighter:

  • $1.7 billion in global storage investments
  • Corporate PPAs increased 62%
  • First storage-as-service model launched in Germany

Even oil giants joined the fray - Shell acquired GreenSmith Energy, proving even dinosaurs can learn new tricks (if there's profit in it).

Microgrids: Small Systems, Big Impact

The real unsung heroes? Island communities using storage+renewables to ditch diesel. Ta'u in American Samoa ran on 100% solar+storage, saving 415,000 liters of fuel annually. Not bad for a system that fit in 3 shipping containers!

As 2019 closed, one thing became clear: energy storage stopped being the "nice-to-have" and became the "must-have" in every grid operator's toolbox. The race wasn't about who could store the most energy anymore - it was about who could innovate fastest in this electrifying game of musical chairs.

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