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Electric Energy Storage (EES) Market |
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Written by Greg Allen
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Tuesday, 29 January 2008 |
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The ultracapacitor and electric energy storage (EES) markets are looking like a very good investment. The BCC Research company recently did a study on global trends of the electric energy storage market.  Electric energy storage is expected to be worth $2.6 billion this year and it is expected to rise to over 3.8 Billion by the year 2013. They calculated that the compound average annual growth rate (CAGR) is 8.0%.
They reported that the core storage technologies that are best suited to make a significant impact over the next 5 years will be: ultra capacitors, pumped hydro storage, compressed air energy storage, sodium sulfur batteries, lead-acid batteries, vanadium redox flow batteries, flywheels, superconducting magnetic energy storage and flywheels.
Due to the convergence of higher fuel prices, increasing demand for power and escalating environmental concerns, there has been a surge in interest in grid-level energy storage. In addition to growth in renewable generation, which benefits greatly from storage, there have also been a number of legislative actions that will have a direct impact on this growing industry.
Information from BBC Research - BBC Research
One person has commented on this article.  No.1 UntitledBBC Research looks like a good data source. I didn't know about them. |
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