The Power Storage Technologies Market Outlook

Date: December 22, 2010
Pages: 118
US$ 2,875.00
Publisher: Business Insights
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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The Power Storage Technologies Market Outlook
Power storage technologies offer the potential to store power during off-peak hours and replace the need to build additional power generation facilities, which would otherwise be required to supply power during peak loads. The global power storage market is gaining growing investor interest due to its vast potential for using power generation capacities in a more efficient manner. The International Energy Agency (IEA) identifies four prominent types of grid-scale power storage applications based on the supply duration of stored power – power quality management, loadshifting, power bridging, and bulk power management

Scope of this research
  • Gain insight into prominent power storage technologies in terms of the working principle and efficiency offered.
  • Analyze power storage technologies with respect to their cost, current development status and future expectations.
  • Comprehend the factors associated with power storage technologies which may drive or resist their growth.
  • Understand the overall positioning of power storage technologies pertaining to key power storage applications identified by the IEA.
  • Explore the upcoming power storage technologies which have the potential to emerge as a fully-fledged power storage solutions.
Research and analysis highlights

Advanced battery systems are widely used power storage technologies compatible with all types of power storage requirements including power quality management, load shifting, and power bridging.

The Flywheel Energy Storage (FES) is an upcoming power storage technology, mainly associated with short-term power applications such as power conditioning.

The Superconducting Magnetic Energy Storage (SMES) system is a developing technology mainly used for power regulation applications to improve the power quality, similar to the FES technology.

Key reasons to purchase this research
  • What are the prominent power storage technologies?
  • Who are the key players in the development space of prominent power storage technologies?
  • What are the installation costs for each technology?
  • What are the upcoming power storage technologies?
  • What are the various performance statistics associated with prominent power storage technologies?

Executive summary
Market overview
Advanced battery systems
Fluid storage
Flywheel energy storage
Superconducting magnetic energy storage
Transport storage
Hydrogen storage
Future outlook


Power storage applications
Power quality management
Load shifting
Power bridging
Bulk power management
Parameters of power storage technologies
Economics of power storage technologies
Drivers for power storage technologies
Growing power demand
Rising renewable share
Resistors of power storage technologies
High installation costs
Early stage of development


Overview of advanced battery systems
Working principle of advanced battery systems
Prominent battery types
Lead-acid batteries
Nickel batteries
Sodium-sulfur batteries
Flow batteries
Lithium-ion batteries
Metal-air batteries
Super-capacitors and ultra-capacitors
Key players
Economics of advanced battery systems
Drivers for batteries
Flexible installation
Low maintenance and high compatibility
Resistors against batteries
Short duration of power supply
Environmental risks
Outlook for batteries


Overview of fluid storage
Working principle of fluid storage
Working principle for PHS
Working principle for CAES
Key players
Economics of fluid storage
Drivers for fluid storage
High power storage capacity and long power supply duration
Low installation costs and long life
Resistors against fluid storage
Scarcity of ideal installation sites
Long startup time
The future of fluid storage
The future of PHS systems
The future of CAES systems


Overview of FES
Working principle of FES
Key players
Economics of FES
Drivers for FES systems
Cleanest power storage technology
Quick start-up time and short recharge duration
Resistors against FES systems
Limited power capacity and short power supply duration
Risk of shattering
The future of FES technology


Overview of SMES
Working principle of SMES
Key players
Economics of SMES
Drivers for SMES
Quick switching between charge and discharge
Resistors against SMES
High maintenance costs due to specific temperature requirements
Limited applications
The future of SMES


Overview of transport storage
Working principle of transport storage
Key players
Economics of transport storage
Drivers for transport storage
Large potential
Resistors against transport storage
Unpredictable power
Technical issues surrounding BEV batteries
The future of transport storage


Overview of hydrogen storage
Working principle of hydrogen storage
Water electrolysis
Hydrogen storage
High-pressure tanks
Liquefied hydrogen storage
Material-based hydrogen storage
Power generation through hydrogen
Key players
Economics of hydrogen storage
Drivers for hydrogen storage
Cleanest combustible fuel
Resistors against hydrogen storage
Lack of utility-scale hydrogen production
The future of hydrogen storage


Comparative analysis of power storage technologies
The future of power storage
Evolving technologies
Conductive textile batteries and capacitors
Piezoelectric devices
Molten salt storage


Figure 1: Peak load duration curve, 2009
Figure 2: Capital cost of power storage technologies ($/kW), 2009
Figure 3: Working principle of a battery, 2010
Figure 4: Capital cost of advanced battery systems ($/kW), 2009
Figure 5: Working principle of a PHS system, 2010
Figure 6: Working principle of a CAES system using the natural gas-fired turbine method, 2010
Figure 7: Capital cost of fluid storage ($/kW), 2009
Figure 8: Projected global total installed PHS power generation capacity 2009–15 (GW), 2010
Figure 9: Working principle of a flywheel energy system, 2010
Figure 10: Capital cost of a flywheel energy storage system ($/kW), 2009
Figure 11: Working principle of an SMES system, 2007
Figure 12: Capital cost of an SMES system ($/kW), 2009
Figure 13: Working principle of a BEV, 2010
Figure 14: Cost of BEVs ($), 2010
Figure 15: Cost details of charge points ($ per unit), 2010
Figure 16: Estimated EV sales in selected countries (number of vehicles), 2010
Figure 17: Heat of combustion (Btu/lb), 2006
Figure 18: Working principle of water electrolysis, 2010
Figure 19: Working principle hydrogen-based power generation using turbine/combustible engine, 2010
Figure 20: Working principle of a fuel cell, 2010
Figure 21: Power storage technologies by suitable applications, 2010
Figure 22: Advantages and disadvantages of power storage technologies, 2010
Figure 23: Projected total global power storage capacity 2009–50 (GW), 2010
Figure 24: Battery charge time using piezoelectric devices, 2003


Table 1: Capital cost of power storage technologies ($/kW), 2009
Table 2: Prominent advanced battery systems, 2010
Table 3: Select lead-acid battery project across globe, 2010
Table 4: Key players for batteries, 2010
Table 5: Capital cost of advanced battery systems ($/kW), 2009
Table 6: Key players for fluid storage, 2010
Table 7: Capital cost of fluid storage ($/kW), 2009
Table 8: Projected global total installed PHS power generation capacity 2009–15 (GW), 2010
Table 9: Select pumped storage projects under construction, 2010
Table 10: Key players in FES systems, 2010
Table 11: Capital cost of a flywheel energy storage system ($/kW), 2009
Table 12: Key players in SMES, 2010
Table 13: Capital cost of an SMES system ($/kW), 2009
Table 14: Expected future developments in SMES, 2009
Table 15: Types of EV, 2010
Table 16: Key players and respective BEV models, 2010
Table 17: Cost of BEVs ($), 2010
Table 18: Cost details of charge points ($ per unit), 2010
Table 19: Estimated EV sales in select countries (number of vehicles unless otherwise noted), 2010
Table 20: Heat of combustion (Btu/lb), 2006
Table 21: Projected total global power storage capacity 2009–50 (GW), 2010
Table 22: Battery charge time using piezoelectric devices, 2003
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