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Utility Batteries to Meet the Rising Need for Clean and High-quality Energy Notes Frost & Sullivan - 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
Utility Batteries to Meet the Rising Need for Clean and High-quality Energy Notes Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2011/03/29 - 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.

   
 
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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 (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.

"The increasing importance as well as need to install and implement micro grids and smart grids stokes demand for utility batteries," says Frost & Sullivan Industry Manager Suba Arunkumar. "Utility batteries, uniquely, can make it viable to implement smart grids and develop infrastructure for charging electric vehicles."

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.

"Furthermore, the sophisticated electronic gadgets and technically advanced lifestyles in these countries hike the demand for electricity," notes Arunkumar. "Utility batteries cater to this demand by facilitating efficient energy management and enhanced generation."

If you are interested in more information about this study, please send an email with your contact details to Chiara Carella, Corporate Communications, at chiara.carella[.]frost.com.

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.

About Frost & Sullivan
Frost & Sullivan (frost.com), 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.

 
 
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Utility Batteries to Meet the Rising Need for Clean and High-quality Energy Notes Frost & Sullivan

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Frost & Sullivan |
Publisher Contact: Chiara Carella 
+44 (0) 20 7343 8314 chiara.carella[.]frost.com
 
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