Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 126

For Clean and High-quality Energy

Posted by fidest press agency su mercoledì, 22 giugno 2011

London Countries in western Europe that are looking to reduce carbon dioxide emission and increase renewable energy contribution have implemented robust policies that favour energy storage methods. Their endeavours to achieve permissible emission levels have created a need for better energy management that, in turn, has led to higher demand for batteries in utilities. New analysis from Frost & Sullivan (http://www.powersupplies.frost.com), European Utility Battery Market, finds that the market earned revenues of $126.4 million in 2010 and expects this to increase to $564.9 million in 2015. Although Europe generates sufficient energy, the quality of power leaves much to be desired. The frequent surges, dips and interruptions have made a strong case for utility batteries, particularly in back-up and grid stabilization applications in smart grids. Batteries could also help utilities save costs by lowering the need to construct a new generation plant. Additionally, batteries aid efficient handling of power, which reduces fuel consumption. Currently, lead acid batteries are the only affordable chemistries; however, their energy density and performance come up short when compared to other chemistries. On the other hand, the efficient chemistries are too expensive for widespread adoption. Scientists have not yet developed a chemistry that can be applied across all applications in utilities, and this translates to higher investments by end users. Once they refine and expand the scope of their technologies, market participants can make the most of the demand from western European countries that wish to increase power generation through environment-friendly renewable sources. Utilities will need batteries to store the generated energy and feed-in to the grid.
European Utility Battery Market is part of the Power Supplies & Batteries Growth Partnership Services programme, which also includes research in the following markets: European Industrial UPS Market, Opportunities in European BIPV Market, European DC Power Systems Market and European Lead Acid Battery Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company’s Growth Partnership Service provides the CEO and the CEO’s Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

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