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Energy storage is a vital component of the Smart Grids that are currently being built around the world. These grids are designed to improve the reliability of electricity transmission and distribution, facilitate the integration of renewable energy generators, and allow long-distance trading of electricity supplies. All of these functions require the grid to offer buffers where electricity can be stored locally.
However, for the most part the technologies up to this task have not been available. To the extent that grids have incorporated storage it has either been through the use of conventional batteries originally targeted towards the automotive industry and which are not optimal for grid storage or through major engineering projects such as compressed air storage which are impossible to replicate generally.
As a result of all this, NanoMarkets believes there are exciting opportunities for manufacturers of batteries and supercapacitors that target emerging applications in the Smart Grid.