Navigant Research Names ViZn Energy and Sumitomo Electric Leading Vendors of Non-Lithium Ion Batteries for Grid Storage

  Navigant Research Names ViZn Energy and Sumitomo Electric Leading Vendors of
  Non-Lithium Ion Batteries for Grid Storage

A critical factor for all non-Lithium ion companies will be a continued
ability to reduce costs in the coming years, report finds

Business Wire

BOULDER, Colo. -- September 26, 2017

A new Leaderboard Report from Navigant Research examines the strategy and
execution of 13 vendors of non-lithium ion (Li-ion) batteries for grid
storage.

Despite the popularity they’ve gained in the last couple years—thanks to
increases in manufacturing capacity and sales volumes from the complementary
electric vehicle industry—Li-ion batteries are not well-suited for all
stationary storage applications. Many non-Li-ion battery technology providers,
ranging from startups to well-established corporations, are recognizing an
opportunity to capture a piece of the industry by offering alternative
technologies such as flow batteries, advanced lead-acid batteries, and
zinc-based batteries. Click to tweet: According to a new Leaderboard report
from @NavigantRSRCH, in terms of strategy and execution, ViZn Energy and
Sumitomo Electric are the leading vendors of non-Li-ion batteries for grid
storage.

“The leaders that have emerged in this market have been able to leverage
either the low cost of their technology, the strong technical capabilities of
their products, or their financial strength and industry experience to win new
projects,” says Alex Eller, research analyst at Navigant Research. “However,
despite the advantages of these technologies, Li-ion batteries have
significant momentum in storage markets worldwide. Any companies with
competing technologies must continually reduce costs and hone their strategy
to capitalize on the advantages their technologies pose.”

The grid energy storage industry is projected to maintain its global pattern
of rapid growth over the coming years, according to the report. As the market
develops further, companies that define strategies and look to grow their
capabilities now will be best positioned for success.

The report, Navigant Research Leaderboard: Non-Lithium Ion Batteries for Grid
Storage, evaluates the Strategy and Execution of 13 leading non-Li-ion battery
energy storage providers. These companies are rated on 12 criteria: vision;
go-to-market strategy; partners; production strategy; technology; geographic
reach; sales, marketing, and distribution; product performance; product
quality and reliability; product portfolio; pricing; and staying power. Using
Navigant Research’s proprietary Leaderboard methodology, vendors are profiled,
rated, and ranked with the goal of providing industry participants with an
objective assessment of these companies’ relative strengths and weaknesses in
the global market for non-Li-ion batteries for grid energy storage. An
Executive Summary of the report is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about global clean technology markets. The
team’s research methodology combines supply-side industry analysis, end-user
primary research and demand assessment, and deep examination of technology
trends to provide a comprehensive view of the Energy Technologies, Utility
Transformations, Transportation Efficiencies, and Buildings Innovations
sectors. Additional information about Navigant Research can be found at
www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services firm
that helps clients take control of their future. Navigant’s professionals
apply deep industry knowledge, substantive technical expertise, and an
enterprising approach to help clients build, manage and/or protect their
business interests. With a focus on markets and clients facing
transformational change and significant regulatory or legal pressures, the
firm primarily serves clients in the healthcare, energy, and financial
services industries. Across a range of advisory, consulting, outsourcing, and
technology/analytics services, Navigant’s practitioners bring sharp insight
that pinpoints opportunities and delivers powerful results. More information
about Navigant can be found at navigant.com.

* The information contained in this press release concerning the report,
Navigant Research Leaderboard: Non-Lithium Ion Batteries for Grid Storage, is
a summary and reflects Navigant Research’s current expectations based on
market data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full report
for a complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report. Neither Navigant
Research nor Navigant undertakes any obligation to update any of the
information contained in this press release or the report.

View source version on businesswire.com:
http://www.businesswire.com/news/home/20170926005333/en/

Contact:

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
lindsay.funicello.paul@navigant.com
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