ESS Business Analysed in In-Demand Research Report by SNE Research14 Jun 2013 • by Natalie Aster
The demand for energy is increasing rapidly the world over and due to the continued use of fossil fuels; problems like environmental pollution and global warming occurr as a result of CO2 emission. Renewable energy sources such as solar, wind and fuel cells are being considered as new solutions to eliminate the greenhouse gas emission and as a result, the use of renewable energy is being expanded rapidly. However, as the renewable energy is affected largely by locations and environmental conditions, the supply of power is unstable and discontinuous. In order to resolve this problem, large scale energy system is sought as a new solution.
According to the report “Analysis of ESS Business - Flow Battery Tech. & Market” by SNE Research, ESS (Energy Storage System) is a power storage device which stores leftover energy for later use, as depicted in. By storing energy, the device can increase the energy efficiency, expand the use of renewable energy and stabilize the power supply system. As the energy storage system manages to store surplus electricity for later use, it can be used as an emergency power source in case of power failure and also as a power load managing device. Large capacity rechargeable battery storage system is also gaining popularity for solar and wind power generations.
Devices like pumped storage, compressed air and flywheel can be used for storing surplus power during night time when the demand of power load is low. ESS is especially important for smart grid and among many systems, rechargeable battery is considered to be most efficient, as it can rapidly respond to the system. ESS is a high value core technology in the green industry which can provide stabilized power supply and therefore rapid market expansion is expected in this area.
Analysis of ESS Business - Flow Battery Tech. & Market
Published: May, 2013
Price: US$ 4,350.00
More information can be found in the report “Analysis of ESS Business - Flow Battery Tech. & Market” by SNE Research.
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