For the long-duration segment of the energy-storage market, pumped hydro storage and advanced flow batteries will represent the largest portions of the total revenue opportunity during the next decade, according to research analyst Anissa Dehamma. Advanced lithium-ion batteries, sodium sulfur batteries and compressed-air energy storage are other key technologies that will be utilized for bulk storage applications during the forecast period. Pike Research anticipates that among the various application segments in this market, the integration of renewable energy – primarily wind power – will represent approximately 50% of the total capacity deployed for long-duration energy storage. The firm forecasts that load leveling/peak shifting will represent 31% of the total market, followed by arbitrage (12%) and transmission and distribution upgrade deferral (7%). “Energy storage on the grid is reaching a turning point,” Dehamna says. “Currently, a number of new technologies – and variations on ‘old’ technologies, such as compressed air and pumped storage – are being demonstrated in countries around the world. The market is ripe with opportunity, and utilities, grid service providers and equipment suppliers are all intensifying their efforts in the energy-storage arena.”
The market for energy-storage technologies will drive a total worldwide investment of just over $122 billion in energy-storage projects during the period between 2011 and 2021, according to a new reportfrom Pike Research.
Report: Energy-Storage Market To Drive $122 Billion In Investment Over Next 10 Years
Flow Batteries growth markets – Commercial Buildings
THURSDAY, JULY 7, 2011
Energy Storage is Key for Commercial Buildings
Pike Research forecasts, under a baseline scenario, that the uninterruptible power supply (UPS) market, which is currently the largest segment within this industry, will increase from $3.4 billion in 2011 to $4.8 billion by 2016. 
Another key emerging segment includes ice-based thermal energy storage (TES) custom systems, which Pike Research anticipates will rise from $15 million in revenue in 2011 to $37 million by 2016. Under a more aggressive growth scenario, this market could reach as high as $92 million during the same period. Ice-based TES rooftop units in North America will also experience strong growth, increasing from $12 million in 2011 to $123 million by 2016 under a baseline forecast scenario.
“Energy storage presents a compelling opportunity for building owners and managers,” says research analyst Eric Bloom. “These systems offer the ability to manage operating expenses in the face of aggressive demand charges and dynamic pricing schemes, which are on the rise throughout North America.”
Bloom adds that, while UPS and TES will continue to lead the market in the foreseeable future, significant opportunity also exists for commercial buildings to utilize flow batteries and lithium ion (Li-ion) batteries for energy storage as the economics of those technologies continue to improve.
Pike Research’s report, “Energy Storage in Commercial Buildings”, explores the market potential for energy storage in commercial buildings including an examination of market issues, technology issues, and the competitive landscape in this emerging sector.
Obama on Flow Batteries!
Even President Obama understands that Flow Batteries are cool and part of our future energy solutions! Check out his video speech on the topic.
