Frost & Sullivan: The Need for Renewable Energy Storage Solutions Offers Booming Opportunities

LONDON, Jan. 27 /PRNewswire/ -- As more and more countries look to renewable energy in the quest to mitigate climate change, demand for energy storage technologies capable of overcoming its intermittent nature is growing rapidly.  Not only do batteries and alternative technologies like flywheels and ultracapacitors store clean energy, they enable operators to release it strategically and efficiently, thereby avoiding major demand-supply gaps and maximising profit.  In response to this growing interest in alternative energy storage technologies, manufacturers are redoubling their R&D efforts to increase power density and efficiency, rendering this market a veritable hotspot for growth and investment.

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To provide a holistic view of the renewable energy storage market and analyse its significant potential, the Energy Group at Frost & Sullivan http://www.energy.frost.com has joined forces with experts from Saft Batteries and ENEL, the Italian energy company, for a unique web conference, open to all, taking place on Wednesday, 10 February at 2 pm GMT.  This special event will feature guest speakers Michael Lippert, Marketing Manager, Industrial Battery Group, Saft Batteries, and Fabrizio Bizzarri, Head of Renewable Energies Division, ENEL.  

To participate in this briefing, please email Chiara Carella at [email protected] with: your full name, company name, title, telephone number, e-mail, address, city, state and country and a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.

Together with Frost & Sullivan's Energy & Power Research Manager, Malavika Tohani, Frost & Sullivan's guest speakers will analyse market trends, including drivers, restraints and challenges and debate the pros and cons of various energy storage technologies.  Mr. Lippert will provide Saft's battery manufacturer's perspective on R&D efforts in this area, attractive technologies, cost issues, geographic hotspots and legislative requirements, while Mr. Bizzarri will share ENEL's utility perspective on ongoing and planned projects, energy storage requirements, attractive technologies, challenges in adoption and economic incentives.  

Stakeholders across the renewable energy value chain including manufacturers, system integrators, utilities, independent power producers, financing institutions, venture capital firms, sector associations and research organisations, all stand to benefit from this comprehensive and detailed investigation of this potentially very lucrative market.

''The intermittent nature of renewable energy, smart grid development, peak power issues and a widening electricity demand-supply gap are driving the need for suitable energy storage technologies," says Research Manager Malavika Tohani. ''Manufacturers, universities, research associations, utilities and many others are undertaking R&D to find the right energy storage technology that is reliable and safe, has high energy density and efficiency, while being inexpensive and easily available.''

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SOURCE Frost & Sullivan