Emerging Battery Technologies Will Address Issues of Energy Density, Cost, and Cycle Life

February 13, 2013

Currently available advanced battery technologies for cleantech applications fall short of market needs.  While lithium ion batteries have emerged as an early leader in cleantech applications such as energy storage and electrified vehicles, after nearly 20 years of commercialization efforts, the competitive field remains open.  According to a new research brief from Pike Research, a part of Navigant’s Energy Practice, over the next decade, the advanced battery industry will witness the introduction of new approaches to technology and project development, targeting a wide variety of end-use products and services.

“The demand for more portable and distributed technologies is becoming the foundation for modern society,” says research director Kerry-Ann Adamson.  “However, demand for energy storage in cleantech applications, particularly electrified transportation, has not emerged as strongly as anticipated, presenting challenges for the lithium ion battery industry.  Despite these challenges, emerging technologies from university laboratories and startup companies around the world will address the core problems in the battery industry.”

The United States, in particular, is a hotbed of battery innovation that is nurtured by both private investment and strong support from the U.S. government.  As of 2012, the U.S. government had 39 different battery and energy storage related research programs managed by six different agencies ranging from the Department of Energy (DOE) to the Department of Defense (DOD).  All told, these 39 programs have invested roughly $1.3 billion from 2009 to 2012.  Worldwide, according to the report, the market for grid-scale advanced batteries will receive nearly $30 billion in investment through 2020.

The research brief, “Emerging Battery Technologies”, details the state of the advanced battery industry today and examines the materials and design innovations that have the potential to revolutionize the energy storage industry.  Forecasts for total capacity of advanced batteries and for investment in grid-scale advanced batteries are included through 2020.  In addition, the research brief profiles the key players in this rapidly evolving sector.  An Executive Summary of the research brief is available for free download on the Pike Research website.

Contact: Richard Martin

+1.303.997.7609

richard.martin@navigant.com

* The information contained in this press release concerning the report, “Emerging Battery Technologies,” is a summary and reflects Pike 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 Pike Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Utilities and Grid Operators Will Invest More than $42 Billion in Flexible Alternating Current Transmission Systems from 2014 to 2022
July 29, 2014The growth in distributed renewable energy resources is driving demand for large-scale FACTS deployments, report concludes • The first flexible alternating current transmission systems (FACTS), which mitigated voltage drops on the…
Read More »
Shipments of Smart City Communications Nodes Will Reach Nearly 55 Million Annually by 2020
July 28, 2014Fragmentation across sectors and departments is a persistent problem, report finds • Ubiquitous and embedded communication services lie at the heart of the innovations in energy,…
Read More »
Commercial Building Owners and Managers Will Invest Nearly $960 Billion in Energy Efficiency Retrofits from 2014-2023
July 24, 2014 Payback periods remain a critical factor for decision-makers on retrofit projects, report finds • Because the existing building stock dwarfs the amount of building space that is added…
Read More »
Lithium Ion Batteries for Consumer Electric Vehicles Will Surpass $24 Billion in Annual Revenue by 2023
July 22, 2014Automakers have yet to agree on battery performance standards, report finds • Lithium ion (Li-ion) batteries have emerged as the leading battery technology for a wide…
Read More »
View All News

{"userID":"","pageName":"Emerging Battery Technologies Will Address Issues of Energy Density, Cost, and Cycle Life","path":"\/newsroom\/emerging-battery-technologies-will-address-issues-of-energy-density-cost-and-cycle-life","date":"7\/31\/2014"}