BNEF Ranking: Nidec Takes Top Spot as World’s Leading Supplier in Energy Storage Market

(Photo: Nidec worked with E.ON to install a 10-MW battery at the Blackburn Meadows biomass plant near Sheffield in the UK. Credit: E.ON)

Nidec Industrial Solutions has, for the fifth consecutive year, confirmed its standing as the world’s leading supplier in the energy storage market, according to a new report by Bloomberg New Energy Finance (BNEF).

The report highlights the evolutionary trends in the renewable energy market on a global level. It ranks Nidec Industrial Solutions as first in the battery energy storage system market (BESS), due to the company’s track record of projects developed around the world from 2013 to 2018, with an aggregate installed in utility scale systems of 268 MW/445 MWh, as an EPC (Engineering Procurement Contractor), or as a supplier capable of overseeing the creation of a system, from the design phase through to its construction and testing, and then the maintenance activity throughout the system’s entire life cycle. The company claims an overall record, if the period prior to 2013 is also included, of more than 500 MWh in BESS around the world.

In 2016, the company held the record for systems installed, totaling 116 MW, including the creation of an energy storage system with a total capacity of 90 MW/120 MWh for the German company STEAG, the largest system of its kind, up to that date.

According to the company, Nidec has a global footprint confirmed by the contracts it won in 2017 and its value proposition benefits from the company supplying turnkey Battery Energy Storage systems that include power conversion systems (PCS) produced by the company itself, and Energy Management System (EMS) and Power Management System (PMS) that use its technology. The company can also implement BESS that utilize different technologies in addition to that of lithium, as is the case with projects for Terna Sanc and Storage Lab, that envisage an installed aggregate of 212 MWh.

In 2017, the company retrofitted The Viking Queen, a 6,000-ton vessel built in 2008, with an energy storage system to prove that on-board batteries are the solution to making vessels more energy efficient. The Norwegian ship was the first of its kind to use a battery energy storage system to help reduce fuel consumption and emissions for a greener, more efficient power supply.

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