Energy and Power Offshore Energy Storage Industry | Page 2

The market is projected to accomplish an absolute lead in the market place owing to improved
strategies in specific areas. Additionally, the deals being coined in the market are likely to
additionally inspire the development of the market in the impending years.
The significant contenders in the offshore energy storage market globally are General Electric
(US), ABB (Switzerland), Siemens (Germany), Duke Energy (US), E.ON (Germany), Deepwater
Wind (US), LG Chem (South Korea), SolarEdge (Israel), Johnson Controls (US), and Tesla (US).
Industry Updates:
March 2019 DNV GL has presented the University of Malta’s new offshore energy storage system
with a Statement of Feasibility certificate. As per DNV GL, the Floating Liquid-piston
Accumulator using Seawater under Compression (FLASC) concept had recently undertaken a
high-level study, together with an evaluation of its technical and commercial viability. The
technology has been considered feasible and thus appropriate for more development and
qualification.
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