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

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GE Chairman and CEO Jeff Immelt shows a sodium-metal halide battery cell at the press conference announcing the battery plant. GE says the planned facility will produce approximately 10 million sodium-metal halide cells each year—equivalent to 900 MWh of energy storage, or enough to support 1,000 GE hybrid locomotives. Earlier post.).

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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. Electric grids require balance in order to function properly. Click to enlarge.