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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. Earlier post.).

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GE demonstrates dual battery system for electric buses; pairing high-energy density sodium battery with high-power lithium battery optimizes performance and lowers cost

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The hybrid systems research team at GE Global Research has successfully demonstrated a dual battery system for an electric transit bus, pairing a high-energy density sodium metal halide battery with a high-power lithium battery. Most types of batteries today come with a trade-off between power and energy storage.

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Promising EV Trends to Lookout ForĀ in 2023

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million battery electric cars (BEVs) and plug-in hybrid electric vehicles (PHEVs), sales of EVs increased by 55% above 2021 levels, bringing the total number of EVs worldwide to 20 million.  The batteries that use sodium instead of the pricey and rare lithium are the ones that are the closest to being on the market.

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