Molten salt thermal energy storage to grow steadily

Thermal energy storage has been cited as one of the most convincing ways of housing a large amount of excess energy for a usefully long period of time. In other words, it makes for great grid-level energy storage. The current largest project, the Andasol plant in Spain, has sufficient storage to produce 150MW for up to 7.5 hours. The Solana plant under construction in Arizona will be able to provide over 250MW of power for up to eight hours. And although not dramatic, the figures for the sector are looking good, according to TechNavio’s analysts.

They forecast that the global molten salt market will grow at a compound annual growth rate of 17.25% over the period between 2012 and 2016, in their new report. The usual factors for the renewable sector seem to be at play, according to the analysis in the report: positive growth as a result of investment, which includes government subsidies. On the other hand, there is a note of caution at the threat of those subsidies being withdrawn.

According to TechNavio, the key vendors in the sector at the moment are Abengoa Solar, Areva, General Electric and Pratt and Whitney Rocketdyne.

Flywheel market to grow 12% yearly, says report

We rarely report on flywheels – something of a Cinderella technology in the energy storage sector – so it’s great to be able to say that the industry has a healthy future, according to a report from TechNavio.

The report forecasts a CAGR of 12.35% from 2011-2015 for the Americas, EMEA and the APAC territories. It also analyses the market landscape and includes a discussion of the key vendors operating in this market.

World Ultracapacitor market to grow more than 20% by 2015

A report from TechNavio entitled Global Ultracapacitor Market 2011-2015 claims that the worldwide market for ultracapacitors is expected to grow at 20.6% CAGR during the reporting period 2011-2015.

The report, which also covers supercapacitors and electrical double layer capacitors, cites increasing demand for cost-efficient fuel, electric vehicles plus inadequate infrastructure as factors for the projected rise.

Its publishers say that the report based on the information provided by industry experts, and covers the Americas, the APAC, and EMEA regions. The report provides market landscape data and forecasts growth prospects of the market, and is available in full from Research and Markets.

World ultracapacitor market to grow more than 20% by 2015

A report from TechNavio entitled Global Ultracapacitor Market 2011-2015 claims that the worldwide market for ultracapacitors is expected to grow at 20.6% CAGR during the reporting period 2011-2015.

The report, which also covers supercapacitors and electrical double layer capacitors, cites increasing demand for cost-efficient fuel, electric vehicles plus inadequate infrastructure as factors for the projected rise.

Its publishers say that the report based on the information provided by industry experts, and covers the Americas, the APAC, and EMEA regions. The report provides market landscape data and forecasts growth prospects of the market, and is available in full from Research and Markets.