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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. Energy storage on the grid is reaching a turning point. Earlier post.).

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Research Suggests Renewables Could Generate 40% of Global Power by 2050

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Renewable energy technologies could generate 40% of the world’s electricity by 2050, according to research presented at the International Scientific Congress “Climate Change: Global Risks, Challenges & Decisions”. More specifically, Germany has more than doubled its share of renewable energy since 2000.

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A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

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A123Systems has raised $69 million from GE and other investors to accelerate the expansion of its US lithium-ion battery manufacturing and smart grid capabilities. The funding will also support A123’s efforts to develop applications for the smart grid, such as utility-scale energy storage.

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ABB invests $10M in ECOtality

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ABB, a global provider of power and automation technologies, has made a $10-million equity investment in ECOtality, Inc. The partnership brings together ABB’s experience in smart grids, renewable energy and reliable, efficient power networks, with ECOtality’s leadership in North America’s growing market for electric vehicle infrastructure.

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IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

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Global energy-related carbon dioxide emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, according to new findings released by the International Renewable Energy Agency (IRENA) and the International Energy Agency (IEA). —IRENA Director-General Adnan Z.

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PwC industry survey provides check-up on determining factors for EV success

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Global hybrid + EV assembly forecast. Among the findings of the survey: Approximately one-third (33.8%) of respondents felt the lack of investment to modernize the grid is a primary roadblock preventing the widespread support of EVs. Source: PwC. Click to enlarge. —Charging Forward. of those surveyed.

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

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At the AABC 2008 conference, Robert King from GE Global Research outlined requirements and challenges for hybrid locomotive batteries, including: 1,300 kW continuous chare/discharge power. The announcement coincides with GE’s submission this week for federal stimulus dollars from the US Department of Energy. Earlier post.).

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