NewEnergyNews: GRID-SCALE BATTERIES IN THE WORLD MARKET

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    Friday, February 08, 2013

    GRID-SCALE BATTERIES IN THE WORLD MARKET

    Emerging Battery Technologies

    1Q 2013 (Pike Research/Navigant)

    “Lithium ion batteries, which currently lead the market for advanced batteries in applications ranging from consumer electronics to electrified transportation, represent a significant step beyond conventional lead-acid technology…

    “The technology, however, still falls short of market needs in terms of both technical performance and cost. These shortcomings and potential future demand for energy storage are driving innovation in the next generation of advanced battery energy storage.”

    “…[L]ower capital costs and lower total cost of ownership across all battery applications…[will] enable full electrification [in both transportation and stationary storage]…[Lower costs can only come through] advances in materials science and manufacturing…[that deliver higher energy densities with] lower cost materials…[and systems that] last at least twice as long as commercially available battery products…

    “Over the next 7 years, Pike Research forecasts, those advances will drive sharp increases in the installed capacity of advanced batteries for grid-scale applications – growing from a few hundred megawatts (MW) in 2013 to more than 10,000 MW in 2020…”

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