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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 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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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. The researchers present these results in the journal Nature Reviews Materials as part of a cost and resource analysis of sodium-ion batteries. … b | The energy-storage demand for the reference devices. —Vaalma et al.

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Pike Research forecasts accelerating hybrid locomotive sales from 2015-2020

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under a baseline forecast scenario, with annual unit sales of 109 locomotives by 2020. Pike Research’s aggressive forecast scenario anticipates that the market could achieve a CAGR of 25.4% In 2001, Railpower launched the first hybrid electric switching locomotive in North America, using battery energy storage, called the Green Goat.

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ARPA-E awards $43M to 19 energy storage projects to advance electric vehicle and grid technologies

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The US Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) has selected 19 new projects to receive a total of $43 million to develop breakthrough energy storage technologies and support promising small businesses. Advanced Management And Protection Of Energy-Storage Devices (AMPED).