Energy Storage Industry Stats
EnergyBiz Insider - "Storing Energy" - May 2007
" For its part, the California Energy Commission has called new energy storage a "high priority." It says that the technology will play a pivotal role in the state's pursuit to become a leading provider of renewable energy sources.
According to Ed Kjaer, director of electric transportation at SCE that is part of the energy commission's initiative, the utility expects there to be 5 million advanced meters in its service territory by 2012. That technology will work in conjunction with "battery packs" that recharge at night via the grid and then release that power during the day to help it meet peak energy demand.
The Wall Street Journal - "Venture Firms Chase Battery Makers" - Nov. 2006
- The world-wide market for energy-storage devices is projected to rise at 7% annual rate through 2010 to $74 billion from around $48 billion in 2005, according to a report from research firm Global Information Inc.
Climate Solutions - "Powering Up the Smart Grid" - July 2005
- While electricity has mostly been a just-in-time delivery system, the smart grid will integrate increasingly economical energy storage devices that will stabilize the power flows and provide shock absorbers. For intermittent renewable resources such as sun and wind, energy storage will balance power generation and demand. Automated control systems will dispatch power to the grid when needed.
Energy Storage Council - "Energy Storage Will Raise the Efficiency, Reliability, and Security of the Electricity Transmission Grid"
- Energy storage technologies can raise the capability and flexibility of existing assets, helping to minimize the costs needed to meet growing demand, improving power quality for cost control, and opening up new and innovative market opportunities.
