Welcome!

Symbian Authors: Jack Newton, Kevin Benedict, Matthew Lobas, Shelly Palmer, RealWire News Distribution

News Feed Item

NanoMarkets Report Says Smart Grids Will Use $6.1 Billion in Electrical Storage Products in 2018

GLEN ALLEN, Va., Dec. 13, 2012 /PRNewswire/ -- Industry analyst firm NanoMarkets has published a new report titled, "Batteries and Supercapacitors for the Smart Grid-2013."  This report claims the grid-storage market will reach $6.1 billion (USD) by 2018 making energy storage one of the fastest growing opportunities in the smart grid industry. 

Additional details about the report are available at: http://nanomarkets.net/market_reports/report/batteries_and_supercapacitors_for_the_smart_grid_2013

This report provides analysis of worldwide grid-storage markets products including lead-acid, lead-carbon, lithium-ion, sodium-sulfur, sodium-nickel-chloride, and flow batteries, along with ultrabatteries and supercapacitors.  Retail, wholesale and microgrid opportunities are covered, along with how frequency regulation, regenerative energy capture and renewable power integration, will impact demand for grid storage.  Eight-year revenue and volume projections are included with breakouts by application, storage technology, and geographical region.

Companies discussed include:  Advanced Battery, Altair, Ambri, Aquion,  Axion, Boston Power, C&D , Cellennium,  Cellstrom, China BAK, China Ritar Power, Cobasys, Deeya Energy, Ecoult, Energ2, Enersys, Exide, Fiamm Sonik,  Firefly, Sonik, GE, GeoBattery, Hitachi, Johnson Controls, Kyushu Electric, Maxwell, Mitsubishi, NEC, Nesscap, Nexeon,  Navitas, NGK, Panasonic/Sanyo, Premium Power, Prudent Energy, REDT, Revolt, SAFT, Siemens, Sumitomo, TEPCO, Ultralife, V-Fuel, Wanxiang and ZBB

From the report:

The default option for grid batteries today is lead-acid, accounting for more than 55% of revenues from grid batteries currently.  By 2018, this share will decline to around 30% as new grid battery technologies become commercialized.  The lead-acid battery will itself get an upgrade; carbon electrodes, promising a 4x performance improvement. In addition, the ultrabattery, with combination lead/carbon electrodes will compete for grid-storage markets.  In 2018, lead-carbon batteries/ultrabatteries will generate around $300 million in revenues.

Grid storage for remote locations, microgrids and cell phone towers are already economically viable. This is driving demand for lead-acid and Zebra (sodium-nickel-chloride) batteries.  Another wave of storage deployment is about to occur on the customer side of the meter for power-quality, peak-shaving and grid-stability applications creating demand for flow and lithium-ion batteries.  During this second wave the penetration of renewables will rise above 20%, making grid storage necessary to stabilize the grid because of intermittent generation.  A final wave of grid storage is expected for retail peak shifting applications.

Although lithium-ion batteries are receiving considerable attention, it is immature and high cost and its current growth relies on government subsidies.  When subsidies disappear, sodium-sulfur and Zebra batteries will be a better deal for power companies and large end users than lithium-ion.  The best hope for lithium batteries is where a supplier who is committed to lithium sells it as part of a comprehensive solution such as for smart buildings.  Jonson Controls and SAFT are doing this.  Revenues from lithium batteries are expected to reach $775 million by 2018.

Supercapacitors will become integral to grid storage, as costs go down and capacities increase.   By 2018, supercaps will generate $1.1 billion in revenues from grid-storage, especially regenerative braking on grid-attached light rail and frequency regulation.  Here supercaps can result in a 30% reduction in electrical costs.  The long lifetimes and near-zero maintenance for supercapacitors make them attractive for such applications.  Supercaps will improve performance with new materials; including nano-structured metal oxides, perovoskites, nanotubes and graphene increasing capacity 5-10 times compared to activated-carbon supercapacitors. 

About NanoMarkets:

NanoMarkets tracks and analyzes emerging markets in advanced materials. The firm is the recognized leader in industry analysis and forecasts for a variety of energy storage markets. Visit http://www.nanomarkets.net for a full listing of NanoMarkets' reports and other services.

SOURCE NanoMarkets

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
DXWorldEXPO LLC announced today that Ed Featherston has been named the "Tech Chair" of "FinTechEXPO - New York Blockchain Event" of CloudEXPO's 10-Year Anniversary Event which will take place on November 12-13, 2018 in New York City. CloudEXPO | DXWorldEXPO New York will present keynotes, general sessions, and more than 20 blockchain sessions by leading FinTech experts.
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user e...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of ...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and Bi...