Storage of electricity

NACE v2.1 Code: D35.16

About storage of electricity

NACE code 35.16, 'Storage of electricity', represents a critical component of the modern energy infrastructure. As the global demand for electricity continues to rise, the ability to effectively store and distribute this vital resource has become increasingly important. This industry plays a crucial role in ensuring the stability and reliability of power grids, enabling the integration of renewable energy sources, and supporting the transition towards a more sustainable energy future.

Production process

The storage of electricity is primarily achieved through the use of various energy storage technologies, such as batteries, pumped-storage hydroelectricity, and compressed air energy storage. These systems work by converting electrical energy into a form that can be stored and then released as needed, allowing for the efficient management of supply and demand fluctuations.

Production inputs

The main inputs required for the storage of electricity include raw materials for the production of energy storage devices, such as lithium, cobalt, and graphite for batteries, as well as specialized equipment and infrastructure, such as power converters, transformers, and storage facilities. Additionally, the industry relies on a skilled workforce with expertise in electrical engineering, energy systems, and project management.

Production outputs

The primary output of the storage of electricity industry is the stored electrical energy, which can be released and distributed to end-users, such as households, businesses, and 35.11 Electricity generation, 35.13 Electricity distribution, and 35.14 Electricity trade. This industry also supports the integration of 35.11 Electricity generation from renewable sources, such as solar and wind, by providing a means to store excess energy for use during periods of high demand.

Revisions to 35.16

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 35.16. The most recent 1 version of this code (35.16) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 35.16.

Older versions

Family tree for storage of electricity

    graph LR
    A["<a href='/classifications/nace/v2-1/D'>D: ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY</a>"]
A --> B["<a href='/classifications/nace/v2-1/D/35'>35: Electricity, gas, steam and air conditioning supply</a>"]
B --> C["<a href='/classifications/nace/v2-1/D/35/1'>35.1: Electric power generation, transmission and distribution</a>"]
C --> D["<a href='/classifications/nace/v2-1/D/35/16'>35.16: Storage of electricity</a>"]

    C --> E["<a href='/classifications/nace/v2-1/D/35/11'>35.11: Production of electricity from non-renewable sources</a>"]
C --> F["<a href='/classifications/nace/v2-1/D/35/12'>35.12: Production of electricity from renewable sources</a>"]
C --> G["<a href='/classifications/nace/v2-1/D/35/13'>35.13: Transmission of electricity</a>"]
C --> H["<a href='/classifications/nace/v2-1/D/35/14'>35.14: Distribution of electricity</a>"]
C --> I["<a href='/classifications/nace/v2-1/D/35/15'>35.15: Trade of electricity</a>"]

    

    %% Color coordination by level

    classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px
    classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
    classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
    classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
    classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



  %% Apply classes
  class A level1
class B level2
class C level3
class D level4
class E level4
class F level4
class G level4
class H level4
class I level4

  class D highlight

  %% class A level1
  %% class B,C level2
  %% class D,E,F,G,H,I level2
  %% class J,K,L,M,N,O,P level3
  %% class D highlight