MARKET OPPORTUNITIES
The Global Energy Storage Market
The scale of the opportunity is enormous.
BloombergNEF predict the energy storage market to be worth $90B by 2040, whilst Wood Mackenzie forecast a need for 1TWh of energy storage by 2030.
Successful energy storage solutions need to be not just low-cost, but also massively scalable.
RheEnergise’s High-Density Hydro® solution
High-Density Hydro is low-cost, fast to build and globally scalable, in the timescales demanded by the climate crisis.
High-Density Hydro outperforms and outlasts other energy storage solutions, without depending on increasingly scarce metal supplies. Levelized cost analysis shows that RheEnergise’s HD Hydro will be >40% below a Lithium-Ion battery project, and >15% below gas peaking plants.
Global site potential
RheEnergise has conducted extensive GIS analysis to determine the number of potential sites for High-Density Hydro on a global scale. We analysed the following regions: UK, Europe (excluding Nordics), North America, Middle East, Africa, Australia and Indonesia.
UK site numbers
GIS surveys show a vast number of suitable sites for RheEnergise HD Hydro projects.
Even once weighted constraint mapping has been applied, analysis suggests that there are at least 700 sites with a probability of 70% chance of development success.
Constraint mapping includes:
- Proximity to grid
- Road network
- Co-location with renewable energy projects
- Areas of Outstanding Natural Beauty
- Sites of Special Scientific Interest ... etc
Site analysis includes both on-grid and off-grid locations.
Sites are found across the country including many high probability sites close to major conurbations.
If just 350 sites were to be developed with 20MW capacity, this would provide 7GW of energy storage in the UK or approx. 50% of the UKs 2030 requirements.
