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Stakeholders can benefit by assessing value chain opportunities respective to their capabilities and geographical markets
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Nov 02, 2021, 05:00 ET
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BOULDER, Colo., Nov. 2, 2021 /PRNewswire/ — A new report from Guidehouse Insights examines the market trends surrounding battery chemistries for energy storage, analyzes the battery value chain, and offers recommendations for stakeholders.
Advanced battery technologies for transportation and stationary energy storage have quickly evolved in recent years to prioritize performance and cost. Each storage application requires unique needs that have led to rapid developments in terms of chemistry and composition in the battery market. Outside forces such as global supply chains have also heavily influenced what chemistries remain viable amid accelerating adoption trends for electric vehicles (EVs) and energy storage systems (ESSs). According to a new report from Guidehouse Insights, application-specific chemistries can improve deployments and address supply chain barriers as adoption trends for EVs and ESSs accelerate.
"Battery chemistries are increasingly influencing market trends due to the diversity of chemistry options advancing through commercialization phases," says Maria Chavez, research analyst with Guidehouse Insights. "Focus on supply chains is also increasing as many battery manufacturers are moving away from chemistries that use expensive components that are scarce."
To address market challenges, Guidehouse Insights recommends that OEMs employ a forward-thinking approach to identify opportunities and barriers as technology develops. In addition, integrators need to study use-case, rather than general application, when weighing options for battery chemistries. Moreover, regulators should widen opportunities within the battery value chain to alleviate supply chain uncertainties, according to the report.
The report, The Divergence Between Battery Chemistries for Distributed Solar and Storage, examines the market trends surrounding battery chemistries, analyzes the different forces of the battery value chain, and concludes with recommendations for stakeholders. Battery chemistry trends can be highly susceptible to global raw material supplies and regulatory oversight, therefore the market dynamics around both issues should receive special attention. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 12,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, The Divergence Between Battery Chemistries for Distributed Solar and Storage, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
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