Increase in Global Demand of Grid-scale Energy Storage by 2017

Posted on April 7th, 2012 by
   

Increase in Global Demand of Grid-scale Energy Storage by 2017

Lux Research released a report titled “Grid Storage under the Microscope: Using Local Knowledge to Forecast Global Demand” of the cost effectiveness of eight energy storage technologies (lithium-ion for power, lithium-ion for energy, sodium nickel chloride, sodium sulfur, vanadium redox flow, zinc bromine flow, F ywheel and lead carbon) in six grid-scale applications throughout 44 countries, including all 50 U.S. states. Their report  predicts that there will be an annual increase in the global demand for grid-scale energy storage. By 2017,  the demand will reach an astounding 185.4 gigawatt-hours (GWh) and will represent a $113.5 billion incremental revenue opportunity for an industry that currently generates sales of $50 to $60 billion a year.

Solar Panel Leasing is Booming

Analysts with the U.S. Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) found that the solar lease business is surging in southern California. Homeowners in less affluent neighborhoods can now afford solar energy by leasing rather than buying the solar panels on their roofs. This could mean that rooftop solar power could attract an additional 13 million Americans which could push solar energy into the mainstream.

Mercedes-Benz Is 2012 World Green Car of the Year

Mercedes-Benz S250 CDI was awarded the 2012 World Green Car of the Year at the New York International Auto Show. This  prestigious and highly competitive award  had 23 contenders made up of clean diesel, gasoline hybrids and all-electric vehicles.

Mercedes-Benz has been running in clean diesel technology which is considered as  the very best in advanced fuel efficient technology vehicles for the future, and a key part of any ‘all of the above’ energy strategy for fuel savings and lower greenhouse gas emissions. S250 CDI’s  fuel consumption is only 5.7 l per 100 km, (41.3 mpg US), making  it the most fuel-efficient luxury sedan in the world.

PG&E the Top Company for Supplier Diversity

HispanicBusiness Magazine, a leading business publication for the Hispanic market, has recognized Pacific Gas and Electric Company (PG&E) as the leader among the 25 best companies nationwide for supplier diversity. PG&E’s efforts to achieve a diverse supplier base have clearly paid off. According to the magazine, PG&E went well beyond traditional supplier diversity initiatives and implemented successful strategies to increase business with the minority and Hispanic-owned suppliers.

Q-Cells To File for Bankruptcy

Germany’s Q-Cells, a solar industry giant that helped usher in a new era of solar energy will be filing for bankruptcy. This news is another blow to the already shaken solar industry. Several solar companies, including Solon, Solar Millennium, Solyndra, Evergreen Solar and SpectraWatt, have already filed for bankruptcy.

Q-Cells was the world’s biggest solar manufacturer in 2007 and 2008 but was overtaken during the rise of powerhouses coming mostly from China.

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