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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. This is a downward revision from the $35B the firm forecast for ESG spending through 2020 in a report published last August. Click to enlarge.

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Pike Research Forecasts Li-ion Batteries Will Become a $1.1B Segment of the Stationary Energy Storage Industry by 2018

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Of the eleven competing energy storage technologies analyzed in a recent report from Pike Research, the cleantech industry analyst firm forecasts that Li-ion batteries will be the fastest growing category for the Stationary Utility Energy Storage (SUES) sector, growing to a $1.1 Source: Pike, ORNL.

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WAE introduces Elysia battery intelligence software

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The core offering is based around two key products: Elysia Embedded is a suite of battery management algorithms, which run locally on the Battery Management System (BMS)—for example directly on an EV’s battery or on a stationary energy storage system.

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Electric commercial vehicle company SEA Electric raises $42M; partnership with Exro

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According to President and Founder Tony Fairweather, the financing allows SEA Electric to accelerate its global sales efforts and further utilize its proprietary Sea-Drive 120b battery power system, while strengthening the delivery and distribution transportation segment for vehicles that operate in urban and metropolitan areas.

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WAE Technologies launches Elysia battery intelligence software for the mass market

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The core offering is based around two key products: Elysia Embedded is a suite of battery management algorithms, which run locally on the Battery Management System (BMS)—for example directly on an EV’s battery or on a stationary energy storage system.

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Industry study finds lead-acid to remain most wide-spread automotive energy storage for foreseeable future; new chemistries continue to grow

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The study, which provides a joint industry analysis of how different types of batteries are used in different automotive applications, concludes that lead-based batteries will by necessity remain the most wide-spread energy storage system in automotive applications for the foreseeable future. Resources.

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Fortum boosts Li-ion battery recycling rate to more than 80%

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Fortum is also piloting second-life applications for batteries in which the EV batteries are used in stationary energy storages after they are no longer fit for their original purpose. Batteries powering electric vehicles consume huge amounts of plastics, metals and rare minerals.

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