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are forecast for residential energy storage (from four percent of sales in 2015 to 24 percent by 2030), battery-based commercial energy storage (six percent of sales in 2015 to 19 percent by 2030), and especially energy storage on the grid (14 percent of sales in 2015 to 35 percent by 2030). 29 These PRESIDENTS' FORECAST MESSAGES BUSINESS JOURNAL NEWS NETWORK I JANUARY 30, 2017 proportional increases come generally at the expense of UPS-based storage in commercial buildings, which is a relatively mature technology that is estimated as capturing 71 percent of electricity storage sales in 2015 and projected to decline to 13 percent of sales by 2030. 30

2B I CNYBJ.COM

NYSERDA: New York’s energy storage industry posts growth

New York State Company Sales-Electricity Storage New York State Company Sales – Electricity Storage Market, 2015-2030 (Millions of Market, 2015-2030 (Millions of $)

Exhibit 11. $)

$6,000 Energy Storage on the Grid $5,000

Report also forecasts growth ahead BY JOURNAL STAFF news@cnybj.com

T

he New York State Energy Research and Development Authority (NYSERDA) announced Jan. 19 that employment in the state’s energy storage sector grew to approximately 3,900, as of the end of 2015. That’s a 30 percent increase from 2012, according to a recently completed report. Annual industry revenue reached an estimated $906 million in 2015, up 50 percent from 2012. The report, entitled “The Energy Storage Industry in New York State: Recent Growth and Projections 2015 Update,” was funded by NYSERDA and issued by Industrial Economics Inc.

NYSERDA said it established the New York Battery and Energy Storage Technology Consortium (NY-BEST) in 2010 to help “position New York State as a global leader in energy storage technology for electric grid, transportation, and other large-scale storage applications, working with industry and academic partners.” The consortium now includes Fortune 500 companies, startups, universities, national research centers, and laboratories from all segments of the energy sector. NYSERDA contends that energy storage will advance the state’s efforts to have 50 percent of its electricity come from renewable sources by 2030, as it can save power generated from solar, wind, and combined heat and power (CHP) systems for later use. Also, when power demand is high, energy storage can keep costs low and keep electricity reliable, enabling buildings to operate during power outages.

MARNY NESHER President and CEO Business Journal News Network www.cnybj.com

The Business Journal News Network recently celebrated its 30th anniversary, which gave me time to reflect. What I realized was that we have sustained our company through the good times and the difficult times by maintaining our journalistic integrity and reliability as a trusted news and information source. No fake news here. We have spent much time and effort ensuring that we are delivering through all platforms — print, digital, social, and in-person — for 30 years to the Central New York business community. We continue to improve and find new platforms as they emerge in our marketplace. This enhances the experience of our readers, subscribers, and advertisers.

Commercial Energy Storage, Other Commercial Energy Storage, Ice-Based

$4,000

Commercial Energy Storage, UPS Residential Energy Storage

$3,000

Community Energy Storage

$2,000 $1,000 $0

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

NYSERDA, said in the release The report projects that by 2030, New York’s energy storage industry could generate annual global revenue of between $5.6 billion and $8.7 billion, with total job growth between 17,300 and 26,800 employees.

“New York State has become a hub for energy storage technologies, creating new, skilled technology jobs and meeting the needs of utilities, building owners, manufacturers and other large power users,” John B. Rhodes, president and CEO of

29 The growth trends estimated here, based on Navigant Research data, are roughly consistent with those presented by GreenTech Media in a Clean Power Group webinar in August 2016. GreenTech Media data pertained to the U.S. (rather than New York State) electricity storage market and estimated accelerating revenue growth after 2016-2017, similar to the growth trend shown in Exhibit 11. However, the GreenTech Media data expect a greater contribution to total revenues from energy storage on the grid applications (referred to asheavily “utility” applications) relative to Navigant Research; this may be because the GreenTech Media data This year, we are investing in do not reflect sales from the array of commercial energy storage applications shown in Exhibit 11. technology and30 we will be debuting our The remaining electricity storage sub-segments, community energy storage and ice-based commercial energy storage, feature newly revampedrelatively website. new gains. site Community will small The proportional energy storage is projected to increase from one percent of New York State company sales to global electricity storage markets to four percent by 2030; ice-based commercial energy storage sales are enhance the readers’ experience by being projected to increase from four percent to five percent over this period. This is consistent with information provided by Navigant easier to use andResearch, providing enhanced inforsuggesting modest or low growth in ice-based storage compared to other electricity storage technologies.

mation. For our advertisers, we’ll be offering more dynamic avenues through which they can promote their businesses, products, and services. We offer our readers many ways to view and link to our news on our social-media platforms — Twitter (@cnybj), LinkedIn (Central New York Business Journal), and Facebook (/cnybj). You can also stay up-to-date on our community business events through the BizEventz Twitter page (@BizEventz) and Facebook page (/BizEventz). So check us out and become a follower or friend. Finally, as we look for more opportunities for growth, keep an eye on us for the data intelligence that we are developing. This will assist our readers and advertisers with their business growth using our accurate and reliable data and information.

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2017 Lookahead/Presidents' Forecast Messages

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