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Over the next few years, flow / redox batteries will start to make an impact in key growth areas within the power industry (including renewable energy systems; energy / asset management; remote area power supplies; secure power provision; and cogeneration enhancement). They will also be used in special-purpose electric vehicles and may have an important role in innovative fuel cell systems.
Several redox technologies are under development, with characteristics that differ radically from those of established storage systems. These are amongst the most exciting approaches to high-energy storage, targeting applications from a few kW to 10s or 100s of MW.
A new report from EscoVale, to be released this month, examines the different flow / redox battery technologies and explores the commercial opportunities. Detailed assessments are made of each of the principal application areas. These track developments during the initial transition phase, leading to periods of market penetration and consolidation, with forecasts to 2025 and a longer-term projection to 2050. By 2025, the global forecast approaches 2GW/year (some 9GWh of storage capacity), with an annual value of more than $1.5bn.
The attachment gives details of the report, including the contents pages. Pre-publication clients from three continents already include: developers of flow / redox technologies and ancillary equipment; companies responsible for the generation, transmission and distribution of electric power; government agencies; investors / advisers; and manufacturers of a wide range of generating plant, power system components, other energy storage products and mobile / transportation equipment.
Please find out more about the Flow/Redox Battery Report by clicking here to view its product page. |