Thermal energy storage

Worldwide Thermal Energy Storage Industry to 2025 - Featuring Abengoa, Baltimore Aircoil & Brightsource Energy Among Others

Friday, October 23, 2020 - 8:45pm

The global thermal energy storage market size is projected to grow from an estimated USD 188 million in 2020 to USD 369 million by 2025, at a CAGR of 14.4% from 2020 to 2025.

Key Points: 
  • The global thermal energy storage market size is projected to grow from an estimated USD 188 million in 2020 to USD 369 million by 2025, at a CAGR of 14.4% from 2020 to 2025.
  • The rising number of CSP projects across globe are driving demand for thermal energy storage.
  • The latent heat storage segment is expected to be the fastest-growing of the thermal energy storage market, by technology, during the forecast period.
  • Americas is the fastest-growing market for the thermal energy storage market.

Thermal Energy Storage Market by Technology, Storage Material, Application, End-user and Region - Global Forecast to 2025 - ResearchAndMarkets.com

Thursday, October 22, 2020 - 1:26pm

The global thermal energy storage market size is projected to grow from an estimated USD 188 million in 2020 to USD 369 million by 2025, at a CAGR of 14.4% from 2020 to 2025.

Key Points: 
  • The global thermal energy storage market size is projected to grow from an estimated USD 188 million in 2020 to USD 369 million by 2025, at a CAGR of 14.4% from 2020 to 2025.
  • The rising number of CSP projects across globe are driving demand for thermal energy storage.
  • The latent heat storage segment is expected to be the fastest-growing of the thermal energy storage market, by technology, during the forecast period.
  • Americas is the fastest-growing market for the thermal energy storage market.

Thermal Energy Storage Market | Increasing Demand for CSP to Boost the Market Growth | Technavio

Saturday, October 17, 2020 - 2:30am

These factors are increasing the demand for the installation of CSP plants and will drive the thermal energy storage market growth.

Key Points: 
  • These factors are increasing the demand for the installation of CSP plants and will drive the thermal energy storage market growth.
  • The increasing use of thermal energy storage in smart cities and smart buildings is one of the significant thermal energy storage market trends that will impact the growth of the market across the globe.
  • This market research report segments the thermal energy storage market by Technology (MSES and PCM) and Geography (Europe, North America, APAC, MEA, and South America).
  • The APAC region led the thermal energy storage market in 2019, followed by North America, Europe, MEA, and South America respectively.

Thermal Energy Storage Market Worth $369 Million by 2025 - Exclusive Report by MarketsandMarkets™

Thursday, October 8, 2020 - 3:30pm

Energy storage not only reduces the mismatch between supply and demand but also improves the performance and reliability of energy systems and plays an important role in conserving energy.

Key Points: 
  • Energy storage not only reduces the mismatch between supply and demand but also improves the performance and reliability of energy systems and plays an important role in conserving energy.
  • Thermal energy storage systems are incorporated in electric utility plants as a viable demand-side management option.
  • Europe held the largest share of the Thermal Energy Storage Market in 2019.
  • Advanced Energy Storage Systems Market by Technology (Electro Chemical Technology, Mechanical Technology, Thermal Storage Technology), by Application (Transportation and Grid Storage), and Region - Global Forecast to 2022

Thermal Energy Storage Market Worth $369 Million by 2025 - Exclusive Report by MarketsandMarkets™

Thursday, October 8, 2020 - 3:30pm

Energy storage not only reduces the mismatch between supply and demand but also improves the performance and reliability of energy systems and plays an important role in conserving energy.

Key Points: 
  • Energy storage not only reduces the mismatch between supply and demand but also improves the performance and reliability of energy systems and plays an important role in conserving energy.
  • Thermal energy storage systems are incorporated in electric utility plants as a viable demand-side management option.
  • Europe held the largest share of the Thermal Energy Storage Market in 2019.
  • Advanced Energy Storage Systems Market by Technology (Electro Chemical Technology, Mechanical Technology, Thermal Storage Technology), by Application (Transportation and Grid Storage), and Region - Global Forecast to 2022

Global $10+ Billion Thermal Energy Storage Market to 2027: Rising Demand for Cost Competitive and Efficient Energy Sources

Monday, September 28, 2020 - 7:00pm

The global thermal energy storage market size is expected to reach USD 10.1 billion by 2027, expanding at a CAGR of 12.6% from 2020 to 2027.

Key Points: 
  • The global thermal energy storage market size is expected to reach USD 10.1 billion by 2027, expanding at a CAGR of 12.6% from 2020 to 2027.
  • Rising demand for cost competitive and efficient energy sources is likely to boost the market growth over the forecast period.
  • The market is primarily driven by the use of thermal energy storage as a major renewable option for electricity generation.
  • Heat stored by seasonal and short-term thermal energy storage systems helps balance the variations in the production and distribution of renewable electricity in a cost-effective manner.

Global Thermal Energy Storage Market Size, Share & Trends Analysis Report 2020-2027: Product Type, Technology, Storage Material, Application, End User, Region - ResearchAndMarkets.com

Wednesday, September 23, 2020 - 11:40am

The "Thermal Energy Storage Market Size, Share & Trends Analysis Report By Product Type, By Technology, By Storage Material, By Application, By End User, By Region, And Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Thermal Energy Storage Market Size, Share & Trends Analysis Report By Product Type, By Technology, By Storage Material, By Application, By End User, By Region, And Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.
  • The global thermal energy storage market size is expected to reach USD 10.1 billion by 2027, expanding at a CAGR of 12.6% from 2020 to 2027.
  • Rising demand for cost competitive and efficient energy sources is likely to boost the market growth over the forecast period.
  • The market is primarily driven by the use of thermal energy storage as a major renewable option for electricity generation.

Viking Cold Solutions Announces Launch of Xcel Energy’s Custom Thermal Storage Incentive Program

Tuesday, September 22, 2020 - 2:00pm

HOUSTON, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Viking Cold Solutions, the leading thermal energy storage technology provider for the low-temperature cold storage and frozen food industries, announces the inclusion of its award-winning energy storage technology in Xcel Energys new Custom Thermal Storage Incentive Program, part of their Custom Efficiency programs in Colorado and Minnesota.

Key Points: 
  • HOUSTON, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Viking Cold Solutions, the leading thermal energy storage technology provider for the low-temperature cold storage and frozen food industries, announces the inclusion of its award-winning energy storage technology in Xcel Energys new Custom Thermal Storage Incentive Program, part of their Custom Efficiency programs in Colorado and Minnesota.
  • The majority of the TES system and installation costs will be funded by Xcel Energys Custom Thermal Storage Incentive Program and the remainder can be paid for out of the energy savings.
  • Xcel Energys support of Viking Cold technology is further confirmation that TES creates value for both the utility as well as frozen food and cold storage customers.
  • Viking Cold Solutions is the leading long-duration thermal energy storage technology provider to the energy-intensive frozen/low-temperature cold storage and frozen food industries.

UL to evaluate Azelio's long-duration energy storage technology for the US market

Wednesday, August 26, 2020 - 7:38am

STOCKHOLM, Aug. 26, 2020 /PRNewswire/ -- Leading global safety science company and certification body UL is working together with Azelio towards evaluating its long-duration energy storage technology to enable commercial operations in the US market.

Key Points: 
  • STOCKHOLM, Aug. 26, 2020 /PRNewswire/ -- Leading global safety science company and certification body UL is working together with Azelio towards evaluating its long-duration energy storage technology to enable commercial operations in the US market.
  • As part of Azelio's entry strategy for the US market, UL has been chosen as the certifying authority for the company's long-duration energy storage technology with on-demand clean power production.
  • "The US market has shown great interest in Azelio's technology and the need for long-duration energy storage is rapidly growing.
  • Tel: +46709 40 35 80 Tel: +34699 30 86 36
    Azeliois a public Swedish company specialising in thermal energy storage with dispatchable power.

UL to evaluate Azelio's long-duration energy storage technology for the US market

Wednesday, August 26, 2020 - 7:35am

STOCKHOLM, Aug. 26, 2020 /PRNewswire/ -- Leading global safety science company and certification body UL is working together with Azelio towards evaluating its long-duration energy storage technology to enable commercial operations in the US market.

Key Points: 
  • STOCKHOLM, Aug. 26, 2020 /PRNewswire/ -- Leading global safety science company and certification body UL is working together with Azelio towards evaluating its long-duration energy storage technology to enable commercial operations in the US market.
  • As part of Azelio's entry strategy for the US market, UL has been chosen as the certifying authority for the company's long-duration energy storage technology with on-demand clean power production.
  • "The US market has shown great interest in Azelio's technology and the need for long-duration energy storage is rapidly growing.
  • Tel: +46709 40 35 80 Tel: +34699 30 86 36
    Azeliois a public Swedish company specialising in thermal energy storage with dispatchable power.