ENERGY STORAGE SYSTEMS
Powering sustainable change in the energy storage market
Driven by a growing demand for this flexibility, improved competitiveness and increasingly storage-friendly regulations, the ESS market is witnessing substantial growth. According to market analysts, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.
Going forward, the future of energy storage looks bright. With the transition towards renewable energy and overall electrification of transport and heat in full swing, the value of flexibility will only increase – further propelled by other challenges to the power system such as rising geopolitical tensions and more frequent extreme weather events. Falling hardware costs, technological improvements and digitalization continue to unlock new profitable applications for storage. At the same time, a growing acknowledgement by regulators of the value storage can provide facilitates access to monetization schemes. Consequently, attractive opportunities for players active in energy storage emerge around the globe.
Our services
Transaction Advisory
Strategy Consulting
HOW WE HELP
WHO WE HELP
Cell, module, pack manufacturers
Software providers e.g. BMS, EMS, battery analytics
Project developers and asset owners
Recycling companies
Investment and private equity firms
EXPLORE OUR energy storage INSIGHTS
Increasing demand
The global energy storage fleet to surpass 1 TW / 3 TWh by 2033.
%
Market Growth
Strong Corporate appetite
ENERGY STORAGE SYSTEMS: AN INTEGRAL PART OF THE WIDE SPREAD ADOPTION OF RENEWABLE ENERGY
Providing strategic solutions based on deep technical and commercial knowledge across the energy storage matrix
Florian Mayr
Partner and head of Energy storage practice