Big Batteries, page-96

Read in conjunction with the above forecast for vanadium grid storage batteries to outstrip lithium storage this article from Giles Parkinson at Renew Economy on May 14,2024 https://reneweconomy.com.au/battery-storage-is-about-to-overtake-global-capacity-of-pumped-hydro/ - is kind of interesting

“Battery storage is about to overtake global capacity of pumped hydro



Source: ARENA Knowledge Sharing report.
Giles Parkinson
May 14, 2024


It seems remarkable, given that it is less than seven years since the world’s first really big battery – the so-called Tesla big battery at Hornsdale – was built, that the capacity of battery storage around the world is expected to soon overtake that of the much more established pumped hydro technology.

The milestone was pointed out on LinkedIn by Marek Kubic, the co-founder of the US battery storage provider Fluence who now works at Neom, the hugely ambitious Saudi Arabia renewable and building project.

Kubik says the milestone – which he expects to occur in 2025 – is notable because it shows the battery storage technology, which is often derided as an immature technology, is anything but, and is showing exponential growth…. “
Etc

He goes on to talk about the exponential growth of big batteries in the the last five years vs pumped hydro systems ;


In 2020 the was 17.6GW BESS vs 159.5GW of pumped hydro – PHES (90% PHES)
In 2021 27.3GW BESS vs 165.0GW PHES (86% PHES)
In 2022 44.9GW BESS vs 175.0GW PHES (80% PHES)
In 2023 89.2GW BESS vs 185.5GW PHES (68% PHES)
In 2024e 156.6GW BESS vs 196.6GW PHES (56% PHES)

In 2025e, the balance tips forever.

Kubik notes that BloombergNEF has predicted that the average annual capacity addition rate of battery storage from now on is expected to be nearly as much as its cumulative capacity.

That, of course, means that it is playing a significant role in global power grids, as has been witnessed in California, Texas, South Australia and elsewhere in recent weeks and months.
“BESS (battery energy storage systems) is now arguably just as mature and bankable asset class as PHES (pumped hydro), which has long been considered an energy storage gold standard of maturity.”…..

etc

And vanadium VFBs to outstrip lithium as the preferred long storage grid connected battery ?

cheers