Bulk energy storage on the grid, or ESG, is expected to grow exponentially to some $30 billion by 2022, according to a recently released report.
Pike Research, which published the report, cites the emergence of newer technologies that might enable the grid to move towards increased flexibility and efficiency.
A recent breakthrough that epitomizes this is the discovery of the graphene micro supercapacitor, which UCLA professor Richard Kaner and Cairo University graduate student Maher El-Kady stumbled upon. They believe such a supercapacitor could revolutionize the way we charge electronic devices and even electric vehicles.
With sufficient investment in energy storage over the next nine years, the way we charge our smartphones may just take a minute.
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