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Navigant Research Report Shows Mobile Advanced Battery Solutions Offer Utilities and Project Developers the Benefits of Energy Storage Without Large Upfront Investment

May 23, 2019

BOULDER, Colo.--(BUSINESS WIRE)--May 23, 2019--

A new report from Navigant Research examines key applications for mobile advanced energy storage, discussing specific battery technologies commercially available in the market as mobile advanced battery solutions.

The energy storage industry continues to gain momentum around the world as industries of all types are actively working to minimize their carbon footprints and increase profits. Click to tweet: According to a new report from @NavigantRSRCH, utilities and project developers can reap the benefits of energy storage, without large upfront investment, through mobile advanced battery solutions.

“While the majority of energy storage deployments are stationary solutions, grid operators and facility owners around the world are beginning to recognize the value that mobile advanced battery systems can provide,” says Alex Eller, senior research analyst with Navigant Research. “Drivers for mobile advanced batteries include cost deferral potential, short-term load management, and flexibility.”

According to the report, technological innovation within mobile battery systems is happening on several fronts, most notably the electric vehicle (EV) charging market. As facility owners and event planners further understand the long-term power implications a fleet of EVs has on the local transformer, mobile batteries have become a way to integrate and manage higher electricity loads.

The report, Profit Increases from Deploying Mobile Advanced Batteries for Short-Term Loads, explores key applications for mobile advanced energy storage. The study discusses specific battery technologies commercially available in the market as mobile advanced battery solutions. These include Lithium ion, redox flow, and advanced lead-acid batteries. The report also examines the issues mobile battery solutions face at key junctions in the electricity value chain, and how ESS stakeholders can manage these issues with adequate planning. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of clean, intelligent, mobile, and distributed energy. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.

* The information contained in this press release concerning the report, Profit Increases from Deploying Mobile Advanced Batteries for Short-Term Loads, is a summary and reflects Navigant Research’s current expectations 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 Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190523005039/en/

CONTACT: Lindsay Funicello-Paul

+1.781.270.8456

lindsay.funicello.paul@navigant.com

KEYWORD: UNITED STATES NORTH AMERICA COLORADO

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY UTILITIES OTHER ENERGY TECHNOLOGY OTHER TECHNOLOGY TRANSPORT OTHER TRANSPORT MOBILE/WIRELESS ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Navigant Research

Copyright Business Wire 2019.

PUB: 05/23/2019 05:15 AM/DISC: 05/23/2019 05:15 AM

http://www.businesswire.com/news/home/20190523005039/en

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