1. Global Outlook
The global green transition is accelerating as renewable energy sources, such as wind and solar, play a crucial role in the decentralization and digitalization of the power system. However, the intermittent nature of these energy sources introduces challenges, creating instability in the grid and posing difficulties for grid operators and energy consumers.
According to BNEF’s forecast, global energy storage capacity is set to reach 69 gigawatts/169 gigawatt-hours in 2024, a 76% increase in gigawatt-hours compared to 2023. By 2035, cumulative energy storage capacity will skyrocket to 1.722 GW/6,214 GWh, nearly 18 times the capacity forecasted for 2024.
As countries push for ambitious clean energy goals, energy storage is playing an increasingly vital role in capacity markets, with energy shifting becoming the dominant application in balancing supply and demand.
2. Tech & Solution Trends
2.1. Battery Technologies
Lithium iron phosphate (LFP) batteries have become the dominant choice in stationary energy storage due to their cost-effectiveness, long cycle life, and efficiency. BNEF reports that larger prismatic cells—such as the 300Ah cells used in 5MWh containers—are now standard for 2024, marking a 34% increase in energy capacity compared to previous iterations. Manufacturers are now designing even larger cells to push the boundaries of energy storage capacity further.
2.2. Long-duration Energy Storage (LDES)
Long-duration energy storage (LDES) technologies are emerging as a cost-effective solution to enhance grid reliability and resilience, enabling affordable and reliable electricity availability around the clock.
According to LDES Council, LDES technologies can store electricity for 10+ hours, complementing intermittent renewable sources and reducing dependence on fossil fuels. Key LDES technologies include:
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Thermal storage: Storing heat or cold for later use, adaptable to different conditions.
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Electrochemical storage: Flow batteries, static batteries, and metal-air batteries for extended energy delivery.
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Mechanical storage: Technologies like pumped hydro-storage (PHS) and compressed air energy storage (CAES).
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Chemical storage: Hydrogen and other chemical forms produced from renewable or fossil energy sources.
Based on BNEF's report, global LDES installations are rapidly growing, with new capacity expected to exceed 1 gigawatt in 2024 for the first time. Notably, China is driving much of this growth, accounting for nearly 90% of the projects.
2.3. Rising Popularity of Solar-Storage
Based on S&P Global, solar-storage systems are gaining traction as an effective solution to the intermittency of solar power and its mismatch with peak electricity demand in the U.S.. With utility-scale solar capacity approaching 120 GW, developers are increasingly adopting hybrid solar-storage systems to optimize supply-demand dynamics, reduce curtailment, and unlock new revenue opportunities.
By 2035, utility-scale solar is expected to account for nearly 17% of the U.S. power mix, becoming the third-largest electricity source, behind natural gas and wind.
2.4. The Impact of AI on Data Centers
IDC report reveals that AI workloads are placing unprecedented demands on data centers, with energy consumption projected to grow at a compound annual growth rate (CAGR) of 44.7%, reaching 146.2 TWh by 2027. Battery Energy Storage Systems (BESS) are crucial in meeting these challenges by providing backup power during peak demand and enabling the integration of renewable energy for sustainable operations.
3. Solutions and Applications at SINEXCEL
At SINEXCEL, we specialize in providing energy solutions that cater to the diverse needs of global energy markets. Our products integrate seamlessly with the use of energy, including renewable energy sources, diesel and gas generators and the utility, optimize energy efficiency, and enhance grid stability.
3.1. Technological Expertise and Innovation
SINEXCEL has accumulated nearly two decades of expertise in power electronics and energy solutions, establishing itself as a pioneer in the modular energy storage and EV charging solutions. Our technical foundation is built on advanced research and development, supported by a strong focus on innovation and sustainability. With self-developed modules and cutting-edge technologies, we deliver tailored solutions that meet the diverse demands of global energy markets based on several standard modular platforms.
Our modular designs allow for scalable, flexible solutions that optimize performance across different applications. These modules are engineered to provide superior reliability, efficiency, and ease of maintenance, ensuring that our solutions can adapt to evolving needs from commercial and industrial applications to microgrid and front-of-meter utility. By constantly pushing the boundaries of innovation, SINEXCEL continues to advance its capabilities in energy storage and electric vehicle (EV) charging infrastructure.
3.2. Solar-Storage-Charging Solutions
SINEXCEL's Solar-Storage-Charging Solution is designed to maximize energy efficiency with rapid response times and enhanced stability.
This solution improves solar and energy storage efficiency by 4%, directly converting both battery electricity and solar power into the current needed for charging. The system's capacity is scalable, allowing for the addition of ultra-fast charging infrastructure, solar storage, and vehicle-grid interaction capabilities to meet the needs of the rapidly growing electric vehicle sector.
At the core of this solution lies the Tianji Architecture, a distributed modular DC bus with a standardized platform. This architecture ensures 0 power consumption, 0 on-site maintenance, 0 curtailment, and 0 grid connection, 0 overload, guaranteeing safe and efficient operation of all equipment and power line—offering charge point operators unmatched reliability.
At our production facility in Huizhou, we’ve utilized this Solar-Storage-Charging solution with two microgrids: a storage-charging microgrid and a solar-storage microgrid. These microgrids work in tandem with a virtual power plant, offering smart energy management solutions tailored to a range of industrial, commercial, and residential applications.
Key features of our solutions:
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Market trading and demand response: Optimizing energy allocation for both grid stability and user profitability.
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EV charging strategies: Innovating charging methods to maximize efficiency.
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Demand management: Precise energy control for cost reduction.
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Energy-saving processes: Lean management strategies for energy conservation.
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Multi-purpose energy dispatch: Smart supply-demand matching for a flexible, cost-effective system.
At our Huizhou center, we have 600 kWp of solar capacity, generating 190,200 kWh annually and saving 32,800 kWh. This results in a carbon emission reduction of 133 tons, demonstrating both environmental and economic benefits.
3.3. Industrial and Commercial Solutions
In the Industrial and Commercial Solutions section, we provide flexible and efficient energy storage systems that can be seamlessly integrated with solar panels through DC coupling. This design eliminates the need for field transformer power capacity, offering a streamlined and efficient solution for a variety of applications.
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SES-90K Pre-engineered All-in-one Outdoor BESS Cabinet
Our SES-90K is a flexible, modular energy storage solution, offering power configurations from 30 kW to 90 kW for AC outputpower and 45 to 135kW for Solor inputs. Certified for global grid compatibility and built for harsh environments, it features IP54/NEMA 3R protection and seismic resistance - IEEE 693 seismic zone 4, and has been rigorously tested for safety with UL9540 and UN3480 transport certification (with different battery partners). With its optional rapid 30ms automatic backup switch, it ensures continuous power during grid outages. Fire Fighting system certified with NFPA68/NFPA69 ensures high safety during operation.
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160kW Modular Bi-directional Storage Inverter
The PWS1-160M-H-EX/NA inverter is designed for high performance in extreme environments. It offers flexibility with an 850–1500 Vdc voltage range and supports various battery system from different partners. Its ability to handle overloads and provide grid frequency regulation makes it an ideal solution for both grid-connected and isolated energy systems.
We’ve successfully implemented our C&I solutions in Zimbabwe since 2017, where a 40ft BESS, integrated with a 500kW PCS and a 600kW DC-coupled PV system, now powers a commercial building in an area with an unstable local grid. This advanced DC-coupled Energy Storage System (ESS) ensures reliable, uninterrupted power throughout the day, removing previous power usage limitations. Furthermore, diesel consumption has been drastically reduced, enhancing efficiency and minimizing environmental impact.
3.4. Solutions for Utility Applications
SINEXCEL’s front-of-meter solutions empower grid stability and sustainability:
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Intelligent Frequency Regulation: Balancing the grid through peak shaving and energy arbitrage.
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Wind & Solar Power Stabilization: Enhancing energy efficiency and reliability.
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Stable Power Ecosystem: Helping drive global carbon neutrality goals.
The 1725k PCS is a key solution for improving grid stability, with modular configurations from 215 kW to 1.72 MW. It boasts 98.5% maximum efficiency, peak shaving capabilities, and reduced operational costs. It has been deployed in North America and Europe.
SINEXCEL successfully supported the 114MW/228MWh grid-side project in Texas, USA, achieving a smooth grid connection. This project not only provides frequency regulation and energy transaction services to the local grid, enhancing its stability and flexibility, but also further strengthens SINEXCEL's position as a global leader in modular energy storage technology.
4. Future Outlook
4.1. Energy Storage’s Critical Role in the Energy Transition
Energy storage will be crucial in accelerating the global energy transition. It helps integrate renewable energy, enhances grid stability, and ensures a reliable power supply during periods of high demand. With energy storage, we can smooth out fluctuations, balance supply and demand, and reduce reliance on fossil fuels, creating cleaner and more sustainable energy systems.
4.2. SINEXCEL’s Position in the Global Energy Storage Market
SINEXCEL, a leader in modular energy storage and EV charging solutions, is committed to providing innovative products that address the diverse needs of the global energy landscape. With over 12 GW of installed energy storage capacity and 140,000 deployed EV charging systems, we’ve partnered with industry giants like EVE Energy and Schneider Electric across more than 60 countries.
We are dedicated to delivering cutting-edge energy solutions worldwide, empowering energy freedom, and fostering a cleaner, greener future.
For more information about our energy solutions, please visit: https://en.sinexcel.com/
Source:
1. LDES Council: Home | LDES Council
2. infolink consulting: Understanding Long Duration Energy Storage: Technologies Shaping the Future of Energy
3. S&P Global: Solar-plus-storage 101 – Hybridizing market dynamics and 10-year projections
4. BNEF: 2H 2024 Energy Storage Market Outlook (membership required)
5. IDC: IDC Report Reveals AI-Driven Growth in Datacenter Energy Consumption, Predicts Surge in Datacenter Facility Spending Amid Rising Electricity Costs
