Jabil Releases Results of Global Survey on Energy Storage Trends

• Contributors cited the wants for renewable vitality (87%), decrease vitality prices (75%), and elevated grid resiliency (56%) as the principle drivers for the event of vitality storage techniques vitality • 88% of these surveyed wrestle to scale manufacturing to fulfill market demand whereas 74% face provide chain constraints amid rising materials prices • 62% report that modularity is essential very in designing vitality storage techniques to facilitate the updating of producing and product expertise

St. PETERSBURG, Fla. – June 27, 2023 – Jabil Inc. introduced immediately. (NYSE: JBL) the findings of the 2023 world survey of vitality storage and battery options suppliers. The outcomes reveal the regular growth of the manufacturing of vitality storage techniques (ESS) to make sure a relentless provide of vitality whereas growing the steadiness of the facility grid. Amid rising world vitality demand, 88% of survey contributors are struggling to scale the manufacturing of their ESS portfolios to maintain tempo with speedy trade progress.

“Technological advances promote improvements in batteries, charging gear, and options for making vitality storage extra accessible to houses, companies, industries, and grids in utility,” mentioned Invoice Mitchell, senior enterprise unit director for energy and storage, Jabil. “This newest survey reinforces the trade’s prime developments whereas highlighting a number of the hardest manufacturing challenges going through firms as vitality storage options develop in scale and complexity.”

Jabil commissioned SIS Worldwide Analysis to conduct the 2023 Vitality Storage Developments Survey, with participation from 204 stakeholders in vitality storage and battery options worldwide. Respondents had been requested questions designed to offer a greater understanding of the kinds of options being developed immediately, together with evolving market alternatives and limitations to manufacturing. Nearly all of contributors (88%) are creating options for business and industrial purposes whereas 61% are contemplating growth into the residential and business/industrial markets. Greater than half (58%) plan to enter a brand new vitality storage market inside three to 5 years, whereas 14% of survey respondents plan to enter a brand new market inside in a single to 2 years.

Different essential findings embrace:
• The necessity for renewable vitality is the principle driver of ESS growth based on 87% of these surveyed, adopted by a want for decrease long-term vitality prices (75%), and extra grid resilience (56%)
• 66% of survey respondents are concerned about creating vitality storage options with an vitality capability of 200 kWh to 1 MWh, whereas 62% are targeted on 20 kWh to 199 kWh capacities
• Contributors count on the very best deployment of ESS within the subsequent three to 5 years to happen in North America (70%) and Europe (67%)

Advances in Battery Know-how and Administration
Vitality storage system firms are already – or contemplating – producing batteries inside their very own services, based on 87% of these surveyed. Moreover, firms use cells to construct modules to their actual specs whereas avoiding steady provide chain challenges. Not surprisingly, 90% of contributors use lithium-ion (Li-ion) batteries in present vitality storage options; 75% plan to proceed utilizing Li-ion batteries for the following 5 to 10 years. Different applied sciences are presently used to a lesser extent, together with lead-acid batteries (21%) and move batteries (19%). The growing curiosity in non-battery applied sciences, nonetheless, is able to assist enhance vitality stability, with contributors planning to discover hydrogen gas cells (20%), warmth storage ( 19%), and supercapacitors (13%) within the subsequent decade.

Respondents had been divided on the necessity for safer battery chemistry, with lower than half (45%) reporting present efforts on this space. Curiously, 75% consider in reusing batteries in vitality storage techniques which have reached the tip of life in new ESS options, however solely 39% plan to combine batteries within the second lifetime of their very own vitality storage options. Practically half of the contributors (46%) indicated that decrease battery costs would velocity up ESS deployment by one to 2 years.

Decreasing Obstacles to Manufacturing and Provide Chains
Numerous challenges can hinder or hinder the efforts of ESS suppliers to fulfill the rising market demand. Amongst these surveyed, 88% reported the shortcoming to measure manufacturing capability, whereas 78% felt they had been unable to provide their very own modules and storage techniques cost-effectively. As well as, 73% reported that they weren’t positioned in the precise geography to fulfill market necessities whereas 61% lacked the required expertise to provide storage modules and techniques. Greater than 59% of these surveyed additionally reported that assembly demand for renewable vitality stays their greatest problem to ESS deployment.

Ongoing provide chain points additionally proceed to influence the vitality storage market. The fixed enhance in materials prices, particularly for the metal required to make storage system frames, was reported by 74% of the contributors. Respondents ranked extra constraints, together with the dearth of battery cell modules (60%), lack of semiconductors (47%), and discovering removed from finish markets, which in the end affected the provision chain prices (44%).

To mitigate these limitations, ESS suppliers favor modular design, or modularity, to streamline and simplify workflows for manufacturing and product expertise updates. Because of this, 62% of survey contributors cited modularity as “crucial” to their general product design technique.

Jabil’s Energy and Storage Options
Jabil engineers, builds, and ramps up the manufacturing of a number of the most progressive and sophisticated vitality storage techniques obtainable immediately. The mix of superior energy engineering, world provide chain intelligence, state-of-the-art manufacturing, and high-level meeting (HLA) empowers Jabil’s clients to speed up and simplify ESS growth and deployment for extra sustainable future.

About Jabil:
Jabil (NYSE: JBL) is a producing options supplier with greater than 250,000 staff throughout 100 areas in 30 international locations. The world’s main manufacturers depend on Jabil’s unmatched breadth and depth of end-market expertise, technical and design capabilities, manufacturing know-how, provide chain insights, and product administration experience. on the planet. Pushed by a typical objective, Jabil and its persons are dedicated to creating a optimistic influence on their area people and the surroundings. Go to www.jabil.com to be taught extra.

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