Prioritizing scientific development and building strong relationships among market contributors is expected to help drive carbon nanotube adoption in the utility industry
A new report from Navigant Research examines the global utility market for carbon nanotubes (CNTs), highlighting significant CNT characteristics and challenges for grid integration, as well as providing recommendations for utilities, vendors, and research labs.
CNTs, small tubes composed of carbon atoms, are ideal for transmission network cables and wiring. Due to their physical and chemical properties, they offer an extremely high strength-to-weight ratio and superior conductivity, however, high costs and other challenges have so far deterred adoption. Click to tweet: According to a new report from @NavigantRSRCH, CNT market players can work to change this by prioritizing scientific development and building strong relationships among market contributors.
“The utility industry stands to benefit tremendously from the conductivity and strength-to-weight characteristics of CNTs, as the tubes could be integrated into transmission and distribution (T&D) networks to enhance power delivery efficiency and reliability,” says Michael Hartnack, research analyst with Navigant Research. “With the right strategies, key players in the CNT market have the potential to improve transmission network efficiency and reliability.”
According to the report, science labs should continue to push the envelope with innovation in the synthesis, production, and deployment of CNTs, while vendors should strive to reduce costs and improve large-scale manufacturing capabilities. Utilities, meanwhile, should build relationships with vendors and labs and, if possible, create R&D teams to drive innovation.
The report, Improving Transmission Efficiency with Carbon Nanotube Technology, provides a snapshot of the global utility market for CNTs, highlighting significant CNT characteristics and discussing challenges for grid integration. The study provides an overview of CNTs and an analysis of the potential benefits they can provide to the electric grid. In addition, this report provides recommendations for utilities, vendors, and research labs on how to overcome current obstacles and drive eventual utility deployment. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Improving Transmission Efficiency with Carbon Nanotube Technology, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.