The power industry continues to be a hotbed of innovation, with activity driven by the need for greater renewable power generation and battery storage and improved grid reliability, and growing importance of technologies such as lithium-ion batteries, lithium iron phosphate batteries, lead-acid batteries, and sodium-based batteries. In the last three years alone, there have been over 439,000 patents filed and granted in the power industry, according to GlobalData’s report on Cybersecurity in Power: Battery energy storage system (BESS). Buy the report here.
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According to GlobalData’s Technology Foresights, which uses over 83,000 patents to analyse innovation intensity for the power industry, there are 90+ innovation areas that will shape the future of the industry.
Battery energy storage system (BESS) is a key innovation area in cybersecurity
Battery energy storage system devices are used widely for storing energy intended for later usage. Energy storage is a mechanism of improving flexibility and maximising the efficiency of the power grid. The application of energy storage is to provide services such as frequency regulation, load shifting, black start and ramping up.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 30+ companies, spanning technology vendors, established power companies, and up-and-coming start-ups engaged in the development and application of battery energy storage system (BESS).
Key players in battery energy storage system (BESS) – a disruptive innovation in the power industry
‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of different countries each relevant patent is registered in and reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to battery energy storage system (BESS)
Source: GlobalData Patent Analytics
Siemens is one of the leading patent filers in battery energy storage systems. Siemens is a technology company. Its operations span electrification, automation, and digitalisation fields. The company designs, develops and manufactures products, and installs complex systems and projects. It also provides a wide range of customised solutions for individual requirements. Siemens focuses on power generation and distribution, and intelligent infrastructure for buildings and distributed energy systems. Siemens recently signed a letter of intent for the turnkey construction of a 100MW battery energy storage facility in Germany, one of the largest in Europe.
In terms of application diversity, Shell leads the pack. Mitsubishi Electric and EnerSys stood in the second and third positions, respectively. Based on geographic reach, Schneider Electric, ABB, LG, and Eaton are some of the leading patent filers in battery energy storage systems.
Project developers are building new plants more efficiently, with wind turbines and photovoltaic (PV) panels getting cheaper owing to economies of scale, and storage technologies such as lithium-ion becoming more accessible with price decline and accelerated manufacturing.
To further understand how cybersecurity is disrupting the power industry, access GlobalData’s latest thematic research report on Cybersecurity in Power (2022).
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
