Frost & Sullivan to Provide Industry Leaders with Key Insights into the Energy Storage Market

MOUNTAIN VIEW, Calif., Aug. 24 /PRNewswire/ -- Frost & Sullivan's Energy & Power Systems Senior Industry Analyst, Anu Cherian, will speak at the Advanced Energy Storage 2010 Conference & Exposition on Monday, October 11, 2010. This discussion aims to explore the growth opportunities, trends and new application potential within the energy storage market.

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The focus is on energy storage technologies to be clean, green, and to create a dynamic shift for several applications from automotive to backup power. It is expected that by 2020, a number of mandates will be in place to provide guidelines for energy efficiency, as well as advanced energy storage technologies.

Frost & Sullivan forecasts the global energy storage market to hit $85.4 billion in 2015. This includes all primary and secondary battery chemistries and fuel cells, along with alternatives such as flywheels and ultracapacitors. In addition to the high cost for alternatives, the lack of competition and an insufficient investment are major impediments to the adoption of newer entrants such as ultracapacitors and flywheels. The growth of these markets is inevitable; however, the pace of capturing the potential market will determine the level of interest in these technologies.

"Given the lower complexity of design of newer alternative energy storage technologies and their lower penetration in the market, awareness of these technology markets weighed against competing energy storage markets will be critical to the growth potential of the alternative energy storage market," states Anu Cherian, Frost & Sullivan's Senior Industry Analyst.

The Advanced Energy Storage 2010 Conference & Exposition in San Diego, California from October 11 - 14, 2010 brings together the leading suppliers of the energy storage components and systems critical to the development of a green energy future.  Sessions will address critical issues surrounding the deployment of advanced energy storage for automotive, mass transit, enterprise, renewable energy generation, and the distribution of power via a Smart Grid.  All attendees need to pre-register for the event. For the full speaker lineup, agenda and more details please visit:  http://www.fullpowerinc.com/AES2010.html

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SOURCE Frost & Sullivan