NanoMarkets Report Says Smart Grids Will Use $6.1 Billion in Electrical
Storage Products in 2018
GLEN ALLEN, Va., Dec. 13, 2012
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:
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
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.
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. Visithttp://www.nanomarkets.netfor a full listing
of NanoMarkets' reports and other services.
Contact: Robert Nolan, NanoMarkets, +1-804-938-0030, firstname.lastname@example.org
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