Research and Markets: The Future of Electrical Energy Storage - Understand the Economics and Potential of the New Technologies
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DUBLIN--(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/64708b/the_future_of_elec) has announced the addition of the "The Future of Electrical Energy Storage: The Economics and Potential of New Technologies" report to their offering. Electrical energy storage (apart from pumped storage hydropower) is still a peripheral part of the power generation infrastructure. However, the advancing use of renewable energy, particularly wind power, will change the perception of storage and lead to significant increase of its use. At the same time, developments over the last ten to twenty years have brought a range of new storage technologies to the brink of commercialization. However, commercial projects are in short supply. The Future of Electrical Energy Storage is a new management report published by Business Insights that analyses the future of electrical energy storage and how the advancing use of renewable energy, particularly wind power, will change the perception of storage and lead to significant increase it its use. Understand the key drivers and resistors of electrical energy storage and its impact on the landscape with the help of this new report. Some key findings from this report * There is just 90GW of electricity storage capacity in operation - around 3% of global capacity, which is much lower than in other energy industries. * As an emerging group of technologies, estimates on the cost of electrical energy storage vary widely, on average by more than 100% and typically much higher in battery technologies. * Capacitors are the most efficient of the existing electrical energy storage technologies with a round trip efficiency of >95%, while hydrogen storage is, by a large margin, the least efficient technology. * The US and Japan are the global leaders in large scale pumped storage hydropower plants with 9 and 12 plants respectively, compared to just 1 each in the UK, France and Australia. * Based on an analysis of fixed and variable costs, batteries are currently the most expensive technologies - a key limiting factor compared to more mature alternatives such as pumped storage hydropower. This new report will enable you to * Identify the leading technologies for electrical energy storage, their development status and application with this report's in-depth analysis of the 7 leading electrical energy technologies (Pumped-storage hydropower, compressed air energy storage, batteries, flywheels, hydrogen storage, capacitors and superconducting magnetic energy storage), their development and future application. * Compare the cost of different electrical energy storage technologies in terms of capital, fixed and variable costs from data found in this report. * Understand the economics of electrical energy storage and the key factors that will drive economic competitiveness of each technology. * Assess the future potential for energy storage and the role of growing renewable energy capacity as a market driver. Key questions answered by this report * What are the leading technologies for electrical energy storage, their development status and application? * What are the operational parameters for each technology? * How do the economics of electrical energy storage technologies compare against one another? * What are the key drivers and resistors of electrical energy storage? * What is the long term potential of electrical energy storage? Key Topics Covered: Chapter 1 Introduction Chapter 2 Pumped-storage hydropower Chapter 3 Compressed air energy storage Chapter 4 Batteries Chapter 5 Flywheels Chapter 6 Hydrogen storage Chapter 7 Capacitors Chapter 8 Superconducting magnetic energy storage Chapter 9 The economics of electrical energy storage Chapter 10 The potential for electrical energy storage For more information visit http://www.researchandmarkets.com/research/64708b/the_future_of_elec Source: Business Insights Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com Fax (USA): 646-607-1907 Fax (International): +353-1-481-1716 Copyright Business Wire 2009
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