September 30, 2002—Energy storage technologies could positively impact the US economy by up to $175 billion over the next 15 years, according to Energy Storage: The Sixth Dimension of the Electricity Value Chain, a report recently released by Pearl Street, Inc., a technology deployment and electricity consulting firm.
“Energy storage ensures power quality, facilitates the integration of renewable generation assets into the grid, raises the productivity of existing generation, transmission and distribution assets, and increases the efficiency and security of the power generation market,” said Mr. Jason Makansi, President of Pearl Street.
By supplying power when and where needed and by integrating the five existing electricity value chain segments—fuel, generation, transmission and marketing, distribution, and energy services—into a far more flexible framework, energy storage has become the “sixth dimension” of the electric power market.
The report describes the leading storage technologies (including pumped-hydroelectric, compressed air energy storage, regenerative fuel cells/flow batteries, sodium/sulphur and lead acid batteries, superconducting magnetic energy storage, flywheels, thermal, and hydrogen systems), existing installations, and current market leaders.
The report also includes 87 tables, outlines of market applications including ancillary services, a review of state and regional business opportunities, and forecasts of the impact on the US economy.
For a copy of an overview and table of contents, contact Richard Baxter at 617/320.0598.
