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The Impact of Energy Storage in Smart Cities

LONDON, Feb. 10, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

The Impact of Energy Storage in Smart Cities

First-mover Advantage in the Near Term, Competition to Boom Post 2020

A smart city is a future trend that ensures efficient, intelligent power consumption and management within an urban community. These global cities will only function through the installation of both a smart grid and a form of energy storage. The impact of energy storage in a smart city is expected to be felt most strongly in the US and Europe, followed by the APAC region. This deliverable discusses different energy storage technologies, along with an explanation of the one expected to be most widely used. The technical, economic, and consumer level impacts of energy storage are discussed in detail. The geographic focus centers on Europe, while other future smart cities are highlighted.

Executive Summary—Energy Storage (ES) in Smart Cities

Urban Center with Connectivity
An urban center involves energy storage at all levels, whereby the buildings themselves are energy generators through PV panels.

Residential Neighborhood Community
Energy storage is available directly to the energy consumer, e.g., EV charging unit, residential unit, and residential community installed with ESS. This provides autonomy and better energy management for the community.

Commercial Network Center
Commercial structures built in a smart city have ES installed to enable efficient energy management and improve renewable energy integration.

CEO's Perspective

1. Energy storage is inevitable for effective smart city performance, so all smart city projects create demand for energy storage.
2. The process of implementing energy storage in Europe and the US is much clearer than the process in the fragmented APAC market.
3. The technical, economic, and customer-centric impacts of energy storage is favorable, thus promoting its need.
4. The market is in its emerging stage but positioned to be well established post 2020. First-mover advantage is prominent for participants venturing in the short-term.
5. Despite the availability of different technologies, battery energy storage systems are likely to witness significant growth in the near future.

3 Big Predictions

1. The impact of energy storage in a smart city is expected to be felt most strongly in the US and Europe, followed by the APAC region.
2. Battery energy storage systems are expected to create visually apparent impacts soon after implementation, while other systems will take longer.
3. An increase in participation and competition within the energy storage market is likely post 2020, once the systems prove successful. Most participants are in wait-and-watch mode.

Smart City Overview

Impact of Energy Storage in Smart Cities: Smart Diamond to Define Smart City, Global, 2012:
Smart Governance
Smart Energy
Smart Building
Smart Mobility
Smart Infrastructure
Smart Technology
Smart Healthcare
Smart Citizen
In a smart city, the "green" concept is replaced by the "smart" concept.

Smart Cities in 2025

More than Xglobal cities will be smart cities by 2025. Of this, more than X% from North America and Europe.

Key Parameters That Will Define a Smart City in 2020

Smart Energy
Smart energy uses digital technology through advanced metering infrastructure (AMI), distribution grid management, and high-voltage transmission systems, as well as in demand response for the intelligent and integrated transmission and distribution of power.

Smart Buildings
Smart buildings are green, energy efficient, and intelligent, with advanced automated infrastructure that controls and manages aspects such as lighting and temperature, security, and energy consumption independently or with minimal human intervention.

Smart Mobility
Smart mobility enables intelligent mobility through the use of innovative and integrated technologies and solutions, such as low emission cars and multimodal transport systems.

Smart Technology
Smart technology will connect the home, office, mobile phone, and car on a single wireless IT platform. Smart technology includes adoption of a smart grid system, smart home solutions, a high-speed broadband connection, and rollout of 4G technology.

Smart Healthcare
Smart healthcare is the use of eHealth and mHealth systems and intelligent and connected medical devices. It also involves the implementation of policies that encourage health, wellness, and well-being for its citizens as well as health monitoring and diagnostics as opposed to treatment.

Smart Infrastructure
Smart infrastructure includes intelligent and automated systems that manage, communicate with, and integrate different types of intelligent infrastructure, such as energy grids, transportation networks, water and waste management systems, and telecommunications.

Smart Government
Smart governance includes policies and digital services from the government that help and support the adoption of green and intelligent solutions through incentives, subsidies, or other promotions.

Smart Citizens
Smart citizens possess interest in embracing smart and green solutions in daily activities. More citizen proactivity is expected in adopting smart concepts and smart products, including lifestyle choices.

Table Of Contents

Executive Summary 3
Smart City—An Overview 8
Smart Energy—An Overview 19
Impact of Energy Storage 25
Appendix 38
The Frost & Sullivan Story 40

Read the full report:
The Impact of Energy Storage in Smart Cities

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

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