https://vanitec.org/images/uploads/Guidehouse_Insights-Vanadium_Redox_Flow_Batteries.pdf
Scope of Study
Guidehouse Insights has prepared this white paper, commissioned by Vanitec, to provide an overview of vanadium redox flow batteries (VRFBs) and their market drivers and barriers. It provides an overview of the key elements of VRFB technology and their value in supporting energy storage projects. Two examples selected from a diverse range of projects that are using the capabilities of VRFB solutions to provide grid balancing services and reduce greenhouse gas emissions by utilizing more renewable energy capacity are presented. The market forecasts for global annual installed VRFB energy capacity and revenue presented in this white paper were prepared solely by Guidehouse Insights without input or bias from Vanitec.
Sources and Methodology
Guidehouse Insights’ industry analysts use a variety of research sources in preparing white papers. The key component of Guidehouse Insights’ analysis is primary research gained from phone and in-person interviews with industry leaders including executives, engineers, and marketing professionals. Analysts are diligent in ensuring that they speak with representatives from every part of the value chain, including but not limited to technology companies, utilities and other service providers, industry associations, government agencies, and the investment community. Additional analysis includes secondary research conducted by Guidehouse Insights’ analysts and its staff of research assistants. Where applicable, all secondary research sources are appropriately cited within this report. These primary and secondary research sources, combined with the analyst’s industry expertise, are synthesized into the qualitative and quantitative analysis presented in Guidehouse Insights’ reports. Great care is taken in making sure that all analysis is well-supported by facts, but where the facts are unknown and assumptions must be made, analysts document their assumptions and are prepared to explain their methodology, both within the body of a report and in direct conversations with clients.
Guidehouse Insights is a market research group whose goal is to present an objective, unbiased view of market opportunities within its coverage areas. Guidehouse Insights is not beholden to any special interests and is thus able to offer clear, actionable advice to help clients succeed in the industry, unfettered by technology hype, political agendas, or emotional factors that are inherent in cleantech markets.