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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

Green Car Congress

With regard to overall storage capability and potential for further fuel efficiency improvements, the demand for larger battery systems based on lithium, nickel and sodium will continue to grow through the increased market penetration of vehicles with higher levels of hybridization and electrification. Sodium-nickel chloride batteries.

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Top Factors Affecting EV Adoption

EV Connect

Given that the average lifespan of a car is just 12 years, the proportion of EVs on the road will spike dramatically as new stock replaces gas-powered vehicles phased out of service. While the Inflation Reduction Act offers a powerful incentive at federal level, individual states are also showing ambition with legislative measures.

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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

Green Car Congress

Energy storage technologies represent an alternative to traditional grid management using generation assets such as natural gas peakers to balance the grid by adding power to it. The value of the ESG market is now measured by using the value of energy ($/kWh), not power ($/kW). Energy storage on the grid is reaching a turning point.