Energy Storage Outlook: Nano-Enabled Batteries a $2.5 Billion Global Market in Five Years

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Nanotechnology may seem like one of those esoteric concepts that might happen, maybe someday, sometime in the future. But a new Global Industry Analysts report, Nano-Enabled Batteries: A Global Market Report, says the cost benefits and untapped potential of nano-enabled batteries in major end use applications like transportation and stationary power storage mean the global market for the technology should reach $2.5 billion in five years. Nano-enabled batteries are essentially advanced generation lithium-ion batteries and systems small enough to be embedded in micro devices, giving them an independent source of power. In automotive applications, the technology would be used to enhance rather than replace more conventional batteries. The report notes that several features make the technology attractive: ecologically benign, higher energy conservation through more efficient use of existing power sources and physical and chemical stability. Also, government grants and subsidies are pushing production and manufacturing processes which will make the technology more cost-effective. Major players in the market include A123 Systems, Advanced Battery Technologies, Ener1 and Altair Nanotechnologies, among others. The report provides overviews of the industry, products, regulation, R&D and more.

Quick Take: We've said this before, but technologies that seemed completely outside the realm of reality before the earliest rumblings of the developing Smart Grid are steadily emerging as building blocks for a secure, sustainable energy future.

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