• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 1 hour Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 2 hours America's pandemic dead deserve accountability after Birx disclosure
  • 43 mins Putin blocks Ukraine access to Black Sea after Joe blinks
  • 35 mins Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 1 day U.S. Presidential Elections Status - Electoral Votes
  • 16 hours Biden about to face first real test. Russia building up military on Ukraine border.
  • 5 days Joe Biden's Presidency
  • 15 hours Fukushima
  • 23 hours CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 3 days New Chinese Coal Plants Equal All those in U.S.A
Why Iran’s Return To Oil Markets Isn’t A Major Threat

Why Iran’s Return To Oil Markets Isn’t A Major Threat

Iran’s potential reentry to oil…

U.S. Oil Bankruptcies Shoot Up In Q1 2021

U.S. Oil Bankruptcies Shoot Up In Q1 2021

The number of North American…

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




Oilprice - The No. 1 Source for Oil & Energy News