in News Departments
print the content item

According to a new technical market research report, "Utility Power Storage Technologies" from BCC Research, the global market for electric energy storage (EES) is expected to be worth $2.6 billion in 2008. This is expected to increase to over $3.8 billion by 2013, a compound average annual growth rate (CAGR) of 8%.

The report breaks down the t market into EES core applications and the power conversion systems that are needed to control and interface these technologies with the power grid. The EES core technologies segment is expected to be worth $1.9 billion in 2008 and reach $2.7 billion by 2013, a CAGR of 7.6%.

The EES core storage technologies of pumped hydro storage, compressed air energy storage, lead-acid batteries, sodium sulfur batteries, vanadium redox flow batteries, flywheels, superconducting magnetic energy storage and supercapacitors are positioned to make a significant impact over the next five years. These technologies can be deployed in various applications along the power chain, including use in bulk generation, transmission and distribution, as well as providing enhanced services for the end user.

Total revenue for EES power conversion systems is expected to reach $711 million in 2008. That figure is expected to rise at a CAGR of 8.9% and reach $1.1 billion by 2013.


Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.


How To Mitigate Blade Issues And Costly Downtime

Routinely inspecting your turbine's blades can help identify problems early on, ultimately cutting down unscheduled maintenance costs.

Renewable NRG_id1934
Canwea_id1984