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Lux Research projects that bulk of energy storage market for vehicles will be for e-bike and micro-hybrids

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The overall market for energy storage technologies that power electric vehicles is set to grow from $13 billion in 2011 to $30 billion in 2016, a compound annual growth rate (CAGR) of 18%. E-bikes pack minimal storage (e.g., E-bikes will continue to dominate the overall market in terms of dollars and MWh.

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A123 Systems to supply Li-ion energy storage system to Dongfang Electric Corporation for evaluation for wind power solutions

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Li-ion battery manufacturer A123 Systems will supply a 500kW Li-ion energy storage solution to Dongfang Electric Corporation (DEC), the third largest manufacturer of wind turbines in the People’s Republic of China and the country’s largest exporter of power equipment.

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Daimler enters stationary energy storage market with ACCUmotive battery systems; 500 kWh unit already on line for grid stabilization

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Daimler is entering the commercial and residential stationary energy storage system (ESS) market with its wholly-owned subsidiary Deutsche ACCUmotive. Daimler’s first industrial-scale lithium-ion unit is already on the grid and is being operated by the partner companies The Mobility House AG and GETEC Energie AG.

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ION ENergy exits stealth mode with launch of UDYR 48V Li-ion battery for two- and three-wheelers

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ION Energy, a startup energy storage company, launched UDYR, an intelligent, modular and portable 48V, 32 Ah lithium-ion battery supported by ION’s proprietary battery management system, software platform, and backend analytics. UDYR is built with NMC cells from LG Chem.

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DOD awards EaglePicher $22M under DPA Title III to expand Li-ion production capabilities; 250 Wh/kg

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The US Department of Defense (DoD) has awarded EaglePicher $22 million in funding under the Defense Production Act Title III Program ( DPA Title III ) for Phase II of the Lithium-Ion Battery for Military Applications (LIMA) project. The original solicitation for the LIMA project was in 2011. Earlier post.). Batteries'

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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. The firm forecasts that load leveling/peak shifting will represent 31% of the total market, followed by arbitrage (12%) and T&D upgrade deferral (7%).

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SAE to hold 2011 Vehicle Battery Summit in November in Shanghai

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SAE International will hold the 2011 Vehicle Battery Summit in Shanghai, 14-15 November 2011. Featuring nearly thirty speakers from nine different countries and delegates from 17 countries, last year’s Summit offered a global view of Li-ion battery technology and EV/PHEV industries worldwide.

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