• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 55 mins How Far Have We Really Gotten With Alternative Energy
  • 11 hours If hydrogen is the answer, you're asking the wrong question
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 1 day Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 5 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
New Tech Could Make Hydrogen Cars a Commercial Reality

New Tech Could Make Hydrogen Cars a Commercial Reality

South Korean researchers have developed…

Tajikistan’s Controversial Roghun Dam 'Too Big to Fail'

Tajikistan’s Controversial Roghun Dam 'Too Big to Fail'

Tajikistan is pushing forward with…

Green energy Reporter

Green energy Reporter

GER is a Newsblog that provides insight on the people, investments and policies affecting the green energy sector.

More Info

Premium Content

Energy Storage could become a $35 Billion Business by 2020

Energy storage could become a $35 billion business by 2020, bolstered by more wind and solar farms coming online as well as the roll out of  plug-in hybrid and electric vehicles and the deployment of smart grid technology, according to a new report by Pike Research.

Currently the sale of energy storage technology generates $1.5 billion in annual revenues.

“Today, applications for energy storage include load following, renewable energy grid integration, and renewable energy time shifting,” says Pike Research analyst David Link. He adds: “In the coming years, the number of applications for energy storage on the grid will expand to include the opportunity for utilities to defer transmission and distribution (T&D) capital upgrades, time of use energy cost management for the commercial and industrial (C&I) segments, and conventional energy time shifting.”
When it comes to green power, energy storage technology would store wind or solar-generated power and then pipe it back into the grid at peak times. However, there’s ongoing concern that solar or wind energy storage is still years away from ever being commercially viable.

Pike Research forecasts the most significant growth opportunities in the energy storage spectrum are Compressed Air Energy Storage batteries (CAES), as well as lithium-ion batteries and flow batteries.

By. Green Energy Reporter


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News