Grid-Scale Energy Storage Market to Hit $35 Billion Globally by 2020
By SGN Staff
Aug 31, 2010 - 1:51:05 PM

---

.

Grid-scale stationary energy storage system revenues are expected to grow from $1.5 billion this year to a whopping $25.3 billion over the next 10 years, according to a new report from Pike Research. Several events are driving the demand: more renewable energy from intermittent sources like wind and solar, the expansion of Smart Grid technologies and initiatives and the introduction of plug-in hybrids and EVs. Pike

You might also be interested in ... . Grid Storage Systems Get $60M Boost from DOE. But Where's the ROI? . Stationary Battery Storage Expands to Strategic Markets . Lithium-ion Battery Maker EnerDel Crashes Smart Grid Party . Global Compressed Air Energy Storage (CAES) Market Empowered as Solution to Power Management Conundrum

senior analyst David Link said applications for energy storage are growing: applications like load following, renewable energy grid integration and renewable energy time shifting. While there are a variety of traditional forms of energy storage and new ones in various stages of research and development, Pike is betting the most significant growth will be in compressed air energy storage (CAES), Li-ion batteries and flow batteries.

 

Quick Take: For another perspective on the fundamental importance of energy storage, don’t miss the analysis of its potential as a T&D CapEx deferral by KEMA expert Rick Fioravanti.

 

Stay connected with SGN …

Smart Grid Discussions: Get LinkedIn with Jesse

Follow Us on Twitter

Try our RSS feed

Get our email digest

Smart Grid on Facebook

---

---

Smart Grid Newsletter (SGN) is the insider's guide to the Smart Grid revolution. It consists of a FREE bi-monthly email summary, along with a companion Web site that contains the full stories and other helpful materials.

Benefits of subscribing: SGN is the only central source for all of the news, trends, research and marketplace information relevant to grid automation. In it, you will read about cutting edge technologies; successful pioneers and how they got ahead; regulatory changes that could unleash new markets; the latest research; and new opportunities for sales of grid-related products and services.

---

© Copyright 2009 SmartGridNews.com