2017:Vanadium Flow Batteries 1/5 of Storage Market

A study conducted by Lux Research predicts that vanadium flow batteries could capture about 17 percent of the energy grid storage market by 2017, representing about $5.4 billion in potential revenue, assuming that developers can reach a target of $750 per kilowatt hour for a fully installed system by 2017.

The research study shows that the market price of vanadium will play a huge role in determining if the energy storage technology of employing vanadium flow batteries to store energy for power grids comes to fruition.

Source and Read More

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.

Dufresne (doo - frayn) Research specialises in creating high quality market driven conferences and training. The company focuses on stationary Energy Storage across all applications from Residential, Self - Consumption and Microgrid through to large scale stationary storage. We are Europe's first conference dedicated solely to energy storage since 2010. All of our Forum's culminate with the unique Building the Action Plan feature. Join us for this session and take back an action list to the workplace.

LATEST ARTICLES

Product Development: Embracing product safety and compliance

PRODUCT DEVELOPMENT: EMBRACING PRODUCT SAFETY AND COMPLIANCE Recent safety incidents on storage plants have raised concerns about the fire safety of battery storage systems. Such events are extremely rare compared to the cumulated global deployments of energy storage systems, which have reached more than 27 GWh by end of 2020 (Wood Mackenzie 2021). However, for…

Battery Storage for Commercial & Industry

Powerful battery storage offers many advantages in terms of saving electricity costs and a reliable power supply. With this technology, companies retain control of their energy supply and costs. The battery storage system is charged when energy is cheaply available and it supplies the stored electricity when prices are at their highest. With applications such…

7 Questions Cost-Conscious Microgrid Developers Should Ask Before Choosing An Energy Storage System

Modularity and standardization are often cited as ways to drive down microgrid prices. But what else should you explore to ensure you get the most cost-efficient, high-performance microgrid energy storage system? Ask your potential supplier these questions before you buy. 1. How easy and expensive is it to scale storage capacity to cover our potential…