Escalating Electricity Prices, Improving Grid Reliability And Demand For Electricity Fuels Need For Large-scale Energy Storage Systems In Asia-Pacific, Finds Frost & Sullivan
"Research and development, along with government support to reduce the prices of li-ion batteries in particular, will spearhead their installation in renewable energy, transmission and distribution projects," noted Satheesh. "A structured business model will enhance effectiveness and reliability, and lead to market expansion."
Flywheel energy storage and super capacitors, which are in the development stage, will soon become widely used in the Asia-Pacific wind energy sector because of its effectiveness in pitch control, peak power support etc.
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