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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 Forecasts Grid Stationary Energy Storage Market to Reach $35B by 2020; Significant Opportunity for CAES, Li-ion and Flow Batteries

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According to a new report from Pike Research, worldwide installed revenues for stationary energy storage systems for the electricity grid will grow at a strong pace in the coming decade, increasing from $1.5 Worldwide installed revenue opportunity by energy storage on the grid (ESG) technology, 2010-2020.

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Pike Research forecasts energy storage systems for ancillary grid services to surpass $3.2B by 2021

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While long-duration energy storage systems (ESS) for renewables integration and peak load shifting have been a topic of much discussion within the power industry, a variety of short-duration applications for energy storage are also a critical factor in the development of the sector. 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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Study suggests lithium and cobalt for batteries may face supply risks by 2050

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Lithium and cobalt are fundamental components of present lithium-ion batteries. Analysis by researchers at the Helmholtz Institute Ulm (HIU) of the Karlsruhe Institute of Technology (KIT) suggests that, given the foreseen scaling of battery demand up to 2050, each may face supply risks, albeit for different reasons.

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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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Overview of the three vehicle classes identified in the study, and their corresponding battery technologies. Their low cost and ability to start the engine at cold temperatures sets them apart in conventional and basic micro-hybrid vehicles, and as auxiliary batteries in all other automotive applications, according to the report.

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Second-life EV batteries market expected to reach $34.7B by 2027

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Second-life EV batteries are expected to reach over $34 billion by 2027 , according to a new report by Research and Markets. The global second-life EV battery market is projected to reach a total of $34,758.46 million in 2021 at a compound annual growth rate (CAGR) of 9.90% during the forecast period. Sodium-ion.

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