Question 1

What is covered in the BESS Service

Accepted Answer

Our forecast provides long-term outlooks and analysis: BESS market outlook split by grid scale, behind the meter and C&I applicationsRegional BESS demand from 2018 to 2040BESS outlook by battery type and chemistry (cathode and anode) to 2040Regional BESS system pricing forecast to 2030 split out by duration, AC/DC and chemistryAnalysis of key cell manufacturers, integrators and developersBESS system manufacturer trackerCountry level legislation analysis Our assessment provides a monthly update of global BESS developments, both for projects and news from the sector, based on analysis of the following: Battery demand from the Grid and BTM BESS marketBESS Battery Chemistry AssessmentBESS Capacity PipelineProject Spotlights – five projects featured per assessmentBESS Project capacity analysis                                    Regions covered in report: US & Canada, EU & EFTA & UK, China, ROW Our ESS database delves into existing and forthcoming ESS projects in order to inform our analysis for our various assessments. We track over 15 metrics per project, including: Project battery sizeBattery type & chemistryBattery manufacturerPaired resourceAdditional coverage of global BESS system manufacturers

Question 2

What is the forecast report frequency?

Accepted Answer

The report is an annual subscription which includes:

A quarterly forecast with a comprehensive summary and evaluation of the present and future BESS market
A monthly assessment with update of global BESS developments both for projects and news from the sector
A monthly database providing a project-by-project status update of grid scale stationary storage projects

Question 3

How is the forecast report delivered?

Accepted Answer

Forecast and assessment in PDF with supporting Excel workbookDatabase as Excel workbook

Question 4

What is the research methodology?

Accepted Answer

Our forecasts are based on robust and informed methodologies. The first stage in both grid and behind the meter methodologies is to assess the market outlook for global electricity demand, and the renewables share of the mix of this growing demand. For this, we consider a number of factors affecting this on a region-by-region basis, paired with our in-house solar and wind forecasts. Our BESS market outlook is calculated by identifying the appropriate technology deployment based on the use case and economics in each storage scenario. Benchmark has developed a database of battery energy storage projects worldwide, which is updated on an ongoing basis through both primary and desk research. We track key metrics for each project including the battery technology, the cell and system supplier, the size of the installation, the feed-in energy source and use case. This database informs both our historical demand and chemistry split, and our pipeline for the coming years.