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A coalition of 13 leading industrial companies and electric utilities, including General Motors Company, The Dow Chemical Company and Duke Energy, issued a whitepaper recommending the installation of up to 300 GWh of distributed energystorage (DES) systems around the country by 2022. value proposition.
Positioning energystorage technologies. Niche high-value market sizes were estimated to total approximately 5 GW if energystorage systems could be installed for $1400/kWh and all benefits could be monetized. Source: EPRI. Click to enlarge.
The total size of the global hydrogen and fuel cell market—including revenues from fuel cells and from hydrogen for fuel cells and internal combustion engines (ICEs)—will reach $785 million in 2012, according to a new whitepaper from Pike Research. Rhetoric and reality will diverge in the hydrogen energystorage market.
Other sustainable solutions such as battery energystorage systems, hybrid propulsion systems for marine and rail applications and microgrids already feature in the Power Systems portfolio for decentralized, environment-friendly power solutions.
The case for using Power-to-Gas solutions to store renewableenergy is compelling for a number of important use cases, according to a new whitepaper released by the California Hydrogen Business Council (CHBC). P2G systems use electrolysis powered by renewableenergy to split water into hydrogen and oxygen—i.e.,
SCE describes its Clean Power and Electrification Pathway in a whitepaper. The approach builds upon existing state programs by identifying cost-effective actions to increase clean energy in the electric system and to leverage that clean electricity in the transportation and building sectors to achieve needed emissions reductions.
“In 2024, the entire world is in a stage of reconfiguring supply chains, geopolitics are bringing new challenges to supply chains,” CNESA said in the whitepaper. That estimate lags the expected growth in sales of energystorage products, which will rise 35% year-on-year globally, according to the whitepaper.
CNESA forecast improvements in the economics of battery energystorage in China this year, without providing specifics. Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energystorage struggles with low profitability.
The future grid will require enhanced energystorage, renewable generation, new transmission and distribution lines, and advanced technologies to improve demand response.
Last year, Musk released his ‘Master Plan Part 3’ through a presentation and a whitepaper. It didn’t really push any specific product roadmap, like the first two, and instead focused on doing the math on how we can move the entire world to a sustainable economy through electric vehicles and renewableenergy.
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