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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. Electric grids require balance in order to function properly. Energy storage on the grid is reaching a turning point. 2010 vs 2011 forecasts.

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California Startup Aurica Motors Trying to Keep NUMMI Plant Open for Manufacturing Electric Cars, Battery Swap System

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Starting in April 2010, the NUMMI workforce would be retrained in electric car manufacturing while the plant is retooled and the final engineering of the vehicle is completed, with the first car scheduled to come off the line within 2 years. The PEP station concept is not compatible with the Better Place system.

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ABB invests $10M in ECOtality

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The partnership brings together ABB’s experience in smart grids, renewable energy and reliable, efficient power networks, with ECOtality’s leadership in North America’s growing market for electric vehicle infrastructure. The Blink DC Fast Charger, introduced in October 2010, is capable of providing a full charge in less than 30 minutes.

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EnerDel Plans to Invest $237M in New Indiana Lithium-Ion Battery Plant

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Lithium-ion battery manufacturer EnerDel will invest $237 million in a new manufacturing plant near its Indianapolis headquarters in order to meet anticipated demand for advanced battery systems used in both automotive and stationary smart grid applications. The Indiana plant will be financed through a $118.5 Earlier post.)

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A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

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A123Systems has raised $69 million from GE and other investors to accelerate the expansion of its US lithium-ion battery manufacturing and smart grid capabilities. The funding will also support A123’s efforts to develop applications for the smart grid, such as utility-scale energy storage. Earlier post.) Earlier post.)

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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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On December 16, 2010 the US DOE Energy Information Agency (EIA) published a report projecting that renewable energy will still only constitute 12 percent of the USA’s energy sources by 2035. Without the CAFE standard and stimulus monies to promote green vehicle tech, the industry would not be headed toward a greener horizon.

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GE to Open Sodium-Metal Halide Battery Plant in New York

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The first application will be GE’s hybrid locomotive, which will be commercialized in 2010. The announcement coincides with GE’s submission this week for federal stimulus dollars from the US Department of Energy. Earlier post.). Battery Requirements for Hybrid Locomotives. 1,000 kWh useable energy. high utilization. Earlier post.).

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