Update From The Field October 2017: Gigafactories & implications for the stationary storage market

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Make the most of our monthly analysis concerning key data and trends in the energy storage industry worldwide.


Table of Contents

Executive Summary (2)

Table of figures (4)

New regulations and initiatives discussed this month (5)

Americas (5)

Europe (5)

Asia / Oceania (6)

Projects updates and announcements (6)

Overview of the 2017 market for utility-scale energy storage projects (6)

Projects announced this month (7)

Projects commissioned this month (8)

Focus of the Month: Gigawatt hour-scale battery factories and the implications for the stationary storage market (8)

Go big or go home: Most battery manufacturers have made the choice of building their own gigafactory(ies) (8)

Electric vehicle demand is the main driver for growth in Li-ion production capability (8)

The battery industry gets support from governments, hence an eased factory development (10)

A brief look into the major battery manufacturers, associated companies, and the rise of gigafactories (12)

For battery manufacturers, partnerships with large battery consumers (namely automotive original equipment manufacturers (OEMs)) are a key factor of success (12)

The battery manufacturing capability is concentrated in China, but starts spreading to other regions to get closer to battery consumption centers (16)

Increased manufacturing capability can only mean that battery prices will keep decreasing, until the increasing costs of resources counterbalance the economies of scale (19)


Table of figures

Figure 1. Utility scale energy storage projects announced and commissioned in 2017 (7)

Figure 2. Estimation of population of EV in countries around the world by year (10)

Figure 3. Gigafactory justification – the two main driving factors in driving down costs for manufacturing goods (12)

Figure 4. Some of the major key players and relationships in the EV sector: automobile manufacturers and lithium battery manufacturer providers and joint ventures (14)

Figure 5. Estimated current (2017) and future (2020 - 2022) lithium battery production capacities for several lithium-ion manufacturing companies (15)

Figure 6. Lithium-ion 2017 estimation of gigafactory production capacities and their locations around the world (16)

Figure 7. Lithium-ion gigafactory potential: forecast for 2020 – 2022 (18)

Figure 8. Repartition of minimum Gigafactory 1 costs (21)