Top Advanced Energy Storage Systems Companies

Renewable energy being produced all over the globe is expanding rapidly, and this is causing great demand for advanced energy storage systems. As governments continue to support the adoption of clean energy, there is an ever-increasing amount of solar and wind generation capacity. Solar and wind, however, produce power at random times (including sometimes when demand is not present), which leads to instability and uncertainty with grid stability and reliability. Therefore, using an advanced energy storage system, utilities can address the challenges of load variation by balancing the production and demand, as well as storing additional electricity generated when renewable sources are at their peak capacity to meet increased demand later in the day.

Industry Overview

According to SkyQuest Technology “Global Advanced Energy Storage Systems Market” By Technology (Batteries, Flywheel), By Application (Transportation, Grid Storage), By End Use, By Region - Industry Forecast 2025-2032,” Global advanced energy storage systems market is projected to grow at a CAGR of over 12% by 2032, on account of urgent need for automating quantified data. A major key factor supporting market expansion is continuous technological progress combined with rapidly declining battery costs. Advancements in lithium-ion, flow batteries, thermal storage, and hybrid systems are improving energy density, charging speed, lifespan, and safety.

Top 10 Global Advanced Energy Storage Systems Companies

1. Tesla, Inc.

Tesla, Inc., is a major global provider of advanced energy storage solutions committed to supporting the movement toward sustainable energy through creative innovations in battery technology and integrated storage solutions. Founded in 2003, it has become an industry leader in utility-scale storage, commercial storage, residential storage products (Megapack and Powerwall) that support grid stability, integrate renewable resources into the grid, and enable the development of decentralized energy management (DER). Leveraging the latest technology advances in battery systems, battery manufacturing capacity, and energy software, Tesla continues to drive the growth of global energy storage adoption by creating products that increase energy reliability, decrease reliance on fossil fuels, and allow for greater ability to distribute electricity more effectively.

2. LG Energy Solution Ltd.

In 2020, LG Chem spun off its battery division into its own company, forming LG Energy Solution Ltd. As a result of this spin-off, LG Energy Solution became one of the leaders in providing the world with advanced energy storage systems. These systems will provide more clean, smart and resilient power to the world. Through continued investment in R&D and manufacturing, LG Energy Solution is quickly growing into one of the largest companies in the world when it comes to lithium-ion battery innovation, grid-scale storage, and renewable energy integration. The company has developed many different types of products; large utility storage, commercial/industrial solutions, and residential energy storage systems that improve reliability and efficiency.

3. Samsung SDI Co., Ltd.

Samsung SDI Co., Ltd. is an international leader in the advanced energy storage systems industry and develops superior performance, safety and efficiency in the design and technology of batteries for various applications. The company's roots date back to 1970 and have developed strong lithium-ion technology skills to enhance global grid stability, integrate renewable energies into the grid, enhance electric mobility and support the industrial market’s power requirements. Samsung SDI offers a wide range of energy storage products, which include large scale energy storage systems for commercial and residential usage as well as high energy density battery platforms. Continuous innovation, a strong manufacturing capability and strategic global partnerships make Samsung SDI an important player in providing solutions that increase the reliability and sustainability of the global energy storage sector and push the technological boundaries of the industry.

4. Panasonic Holdings Corp.

Panasonic Holdings Corp. is a major global participant in the advanced energy storage systems market, committed to supporting sustainable power solutions through cutting-edge battery technologies and reliable storage platforms. Since its founding in 1918, Panasonic has developed into a significant developer of innovative products and systems for lithium-ion battery technology and Energy Storage Systems (ESS), which help to stabilize people’s electricity grid, integrate renewable energy sources and support homes, businesses, and industries with quality, environmentally sustainable energy solutions. Panasonic's ESS products are designed to be safe, long lasting and efficient, and are supported by experienced manufacturing processes and large-scale research and development programs.

5. BYD Company Limited

A major player and trendsetter in this rapidly expanding global market, BYD Company Limited is capitalizing on the growing trend of using advanced energy storage systems to promote the use of clean and renewable energies through new innovative technology and integrated systems. Since its inception as a lithium-ion battery manufacturer in 1995, the company has evolved into one of the world's major makers of commercial and residential energy storage systems. BYD offers utility scale storage platforms, commercial and residential energy storage systems, and advanced battery systems, each tailored to provide customers with a safe, efficient, and long-life product.

6. CATL

Amperex Technology Co., Ltd (CATL) dominates the global advanced energy storage systems space as a leading developer, manufacturer and supplier of state-of-the-art and large-scale lithium-ion batteries. Established in 2011, CATL has rapidly grown into one of the key players in lithium-ion and next generation battery development supporting grid-scale storage solutions, integrating renewable sources and providing energy related products for mobility as well as industrial applications. CATL produces advanced energy storage products, battery management systems and energy storage devices with high efficiency, dependability, safety, and extended service life; through cutting edge product innovation coupled with long standing relationships with its customers, CATL continues to support global effort for the promotion and implementation of sustainable energy storage solutions.

7. Siemens AG

Siemens AG is one of the world’s largest providers of cutting-edge energy storage technology and has a strong reputation within this community for its depth of knowledge and capability in electrical systems, digitalisation/IT, and electrical infrastructure/grid technology. The company was established in 1847 and now provides a complete range of advanced energy storage and integration products and services which deliver solutions for grid stability, renewable energy integration, and the effective management of energy resources. Siemens also provides large scale storage solutions, small scale microgrid solutions, an intelligent energy management system, which allows users to optimise both the efficiency of their energy consumption and the sustainability of their energy resources.

8. ABB Ltd.

As one of the leading global players in the field of advanced energy storage technologies, ABB Ltd.'s success lies in their experience and extensive technical knowledge in areas such as power electronic devices, automation, and grid systems to provide customers with dependable, eco-friendly energy solutions. ABB was formed when ASEA and BBC merged in 1988. The company provides the full range of energy storage products including large-scale grid systems, micro grids, as well as advanced converters for renewable energy. They also provide products that help to ensure the stability of the electricity network; allow for the efficient connection of renewable energy sources into the utility system; and ensure that utilities, industry, and community can remain secure against interruptions due to climate change or other events.

9. General Electric Company

The General Electric Company is one of the leading global companies for advanced energy storage systems. Utilizing its extensive history and experience of generating electricity through various generation and energy technology solutions, General Electric (also known as GE Vernova) has been able to develop an extensive array of energy storage solutions, power conversion systems and technologies for the modernized grid that improves power stability, efficiency and supports increased integration of renewable sources of energy. GE's extensive range of energy storage platform supports both utility and industrial applications, as well as exceptionally large-scale renewable energy projects throughout the world.

10. Fluence Energy, Inc.

Fluence Energy, Inc. is a global expert in advanced energy storage systems. We specialize in transforming today's electrical grids with Intelligent, flexible and sustainable energy solutions. Fluence was formed in 2018 as a partnership with siemens and aes and utilizes advanced energy storage platforms, ai-based energy management software, and grid services to support renewables integration, provide a more stable grid, and increase your energy efficiency. Fluence provides modular storage systems, complete project deployments and lifecycle services. With world-class technological innovation and our expanding international presence, we are positioned to play a key role in the modernization of the world's energy infrastructure and acceleration of clean energy technology deployment.

Other Leading Global Advanced Energy Storage Systems Companies

• Saft Groupe SAS
• EnerSys
• Stem, Inc.
• sonnen GmbH
• LS Energy Solutions LLC
• Hitachi, Ltd.
• NEC Corporation
• SK On Co., Ltd.
• Schneider Electric SE
• The AES Corporation

Conclusion

The global advanced energy storage systems marketplace is rapidly changing as technological innovation, grid modernization and renewable energy expansion continue to evolve the global energy market. Lowering costs of batteries, increased deployment of large-scale energy storage systems, and increased support for clean energy ecosystem from governments has created a strong market momentum. Major manufacturers are continuously coming up with new lithium-ion, flow batteries, thermal storage devices and digital energy platforms that improve reliability, efficiency and safety. As advanced energy storage systems become more widely applied to the industrial, residential, transportation and utility sectors; these systems will become integral to building sustainable power infrastructure.