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Jul 7, 2022 · Installation of a grid-scale ESS Inc Energy Warehouse flow battery energy storage container unit at a project site. Image: ESS Inc. Construction
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Energy Storage Industries - Asia Pacific (ESI) is fully integrated — we manufacture, install, maintain and finance energy storage battery solutions. We have already installed 10 grid-scale batteries at a Queensland facility, helping to secure Queensland’s clean energy future, with a further 10 batteries en route.
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While it will be the only iron flow battery factory in Australia so far – at least until ESIAP is able to follow through on tentative plans to develop another, most likely in Townsville, Queensland – it won’t be the only facility dedicated to flow batteries by a long shot.
The Australian renewables business has also installed a 1 MW/10 MWh iron flow battery system at Stanwell Corporation, Queensland’s state-owned energy generation business. McDermott said ESS Inc opted to establish manufacturing in the Australian market due to the country’s targets around renewable generation and decarbonization.
The global industrial and commercial energy storage market is experiencing explosive growth, with demand increasing by over 250% in the past two years. Containerized energy storage solutions now account for approximately 45% of all new commercial and industrial storage deployments worldwide. North America leads with 42% market share, driven by corporate sustainability initiatives and tax incentives that reduce total project costs by 18-28%. Europe follows closely with 35% market share, where standardized industrial storage designs have cut installation timelines by 65% compared to traditional built-in-place systems. Asia-Pacific represents the fastest-growing region at 50% CAGR, with manufacturing scale reducing system prices by 20% annually. Emerging markets in Africa and Latin America are adopting industrial storage solutions for peak shaving and backup power, with typical payback periods of 2-4 years. Major commercial projects now deploy clusters of 15+ systems creating storage networks with 80+MWh capacity at costs below $270/kWh for large-scale industrial applications.
Technological advancements are dramatically improving industrial energy storage performance while reducing costs. Next-generation battery management systems maintain optimal operating conditions with 45% less energy consumption, extending battery lifespan to 20+ years. Standardized plug-and-play designs have reduced installation costs from $85/kWh to $40/kWh since 2023. Smart integration features now allow multiple industrial systems to operate as coordinated energy networks, increasing cost savings by 30% through peak shaving and demand charge management. Safety innovations including multi-stage fire suppression and thermal runaway prevention systems have reduced insurance premiums by 35% for industrial storage projects. New modular designs enable capacity expansion through simple system additions at just $200/kWh for incremental capacity. These innovations have improved ROI significantly, with commercial and industrial projects typically achieving payback in 3-5 years depending on local electricity rates and incentive programs. Recent pricing trends show standard industrial systems (1-2MWh) starting at $330,000 and large-scale systems (3-6MWh) from $600,000, with volume discounts available for enterprise orders.