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Utility Energy Storage Market Forecast to 2020
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The energy storage industry is facing unprecedented innovation. The U.S. energy storage market should quadruple over the next few years. And globally, the industry is positioned to grow to a net worth of $10.8 billion as early as 2018. Most of this growth is expected from North American countries that have so far dominated the energy storage market, but Asia Pacific and European market should also be big contributors.

This research report analyzes utility energy storage technologies available today and in development, and profiles the leading market players. This is a comprehensive guide to opportunities for electric utilities, developers and suppliers of storage technologies, and engineering firms that design and construct installations.


- With new energy storage technologies, it is now possible to minimize the necessity for generation capacity that is required to supply power during peak periods. Storage also enables self-sufficient microgrids capable of powering homes, remote villages, or large commercial and industrial facilities.

- The next 10 years will see $400 billion invested in various smart grid technologies. The smart grid is projected by 2020 to provide a communications network for the energy industry similar to that which the Internet now provides for business and personal communications.

- Eight technologies will compete head-to-head in this market including batteries, compressed air storage, flywheels, hydrogen, superconducting magnetic energy storage, thermal energy storage, ultracapacitors, and vehicle-to-grid.

- The expected cost of electric infrastructure upgrades worldwide over the next two decades is almost $14 trillion. More than 30% of this investment serves a need that could be economically met with energy storage at the right price.

The report analyzes energy storage industry market drivers, and the economics of the various technologies, along with the installation of these technologies including batteries, compressed air, flywheels, hydrogen, pumped hydroelectric storage, superconducting magnetic energy storage, thermal energy storage, ultracapacitors, vehicle-to-grid, and includes a Technology Comparison. It also includes a directory of energy storage technology organizations.

Pages: 163
Published: August 2014
Publisher: Red Mountain Insights
ISBN: 978-1-62484-002-9
Overview of Electric Power Generation and Distribution System:
Understanding Energy Storage
Recent Developments
Advanced Energy Storage Systems
Popular Storage Methods

Introduction to Grid Energy Storage:
Economics of Grid Energy Storage
Leveling the Load
Managing the Energy Demand
Portability Options
Reliability of Energy Storage Options
Global Utility Energy Storage Market Forecast
Storage Systems Used by Utilities

Role of the Smart Grid:
Market Drivers
Load Management
Peak Demand
Demand Growth
Power Quality and Reliability
Spinning Reserve
Renewable Power Integration
Wind Power Grid Integration
Tax Credits


Lead-Acid Batteries:
Applications of Lead Acid Batteries
Safety Issues

Lithium-Ion Batteries:
Safety Issues

Metal-Air Batteries

Sodium-Sulfur Batteries:
Safety Issues

Vanadium-Redox Flow Batteries:
Applications & Installations

Zinc-Bromide Flow Batteries

Key Technologies in Battery Storage:
Lead-Acid Batteries
Lithium-Ion Batteries
Metal-Air Batteries
Sodium-Sulfur Batteries
Vanadium-Redox Flow Batteries
Zinc-Bromide Flow Batteries

Compressed Air Energy Storage:
History of CAES
Types of CAES
Types of Systems
Hybrid Systems
Existing Hybrid Systems
Future Hybrid Systems
Lake or Ocean Storage
CAES Systems in Energy Storage
Comparing CAES with Batteries
Safety Issues

History of Flywheels
Flywheel Energy Storage
Flywheels in Utility Energy Storage

Hydrogen and Energy Storage

Pumped Hydroelectric Storage

Potential Technologies

Superconducting Magnetic Energy Storage:
Advantages of SMES
Current Uses
Solenoid versus Toroid
Low-Temperature versus High-Temperature Superconductors
Economics of SMES
Challenges Facing SMES

Thermal Energy Storage:
Economics of Thermal Energy Storage

History of Ultracapacitors
Ultracapacitors & Energy Storage
Comparing Ultracapacitors to Batteries

VG & Energy Storage

Technology Comparison:
Performance Comparisons
Size & Weight
Capital Costs
Efficiency and Cycle Life
Per-Cycle Cost
Applications and Benefits

Financial Benefits:
Reduced Cost for Transmission and Distribution Losses
Reduced Financial Losses from Improved Electric Reliability
Reduced Financial Losses from Improved Onsite Power Quality
Reduced Need for Generation Capacity
Renewables Value Enhancement
Power Generation Support
Enhanced Power Quality
Frequency Regulation
Load Following
Renewables Support
Transmission and Distribution Support
Asset Utilization
Avoided Congestion Charges
Deferred Upgrade Investment
Increased Load-Carrying Capacity
Life Extension
Substation Upgrade Deferral
End-User Benefits
Demand Charge Reduction
Time-of-Use Energy Cost Reduction

Risk Assessment:
Installation Economics
Monetizing Storage Benefits
INCLUDE (Not limited to):
Abengoa Solar
Alveo Energy
Amber Kinetics
Aquion Energy
Beacon Power
Bright Energy Storage Technologies (BEST)
Energy Storage Systems
Fast CAP Systems
Fluidic Energy
Fraunhofer Energy Alliance
General Compression
Highview Power Storage
Imprint Energy
ITN Energy Systems
LightSail Energy
PolyPlus Battery Company
Research Triangle Institute
Sharp Laboratories of America (SLA)
Sion Power
Solid Power LLC
Sustainable Innovations
Teledyne Scientific & Imaging
TVN Systems
Vorbeck Materials
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