This report provides an analysis of the different technologies that help in storage of energy in the power grid. Energy storage can be defined as a set of technologies used to store energy in the form of chemical, kinetic or potential energy and then discharge this energy whenever required. Energy storage technologies are going to play a major role in the implementation of smart grid as they resolve many issues related to the efficiency and reliability of the power system.  The different forms of energy storage technologies used in power grid include pumped hydro systems, compressed air energy storage (CAES), and sodium sulfur batteries. The report covers different topics such as types of storage technologies, application of the systems, benefits and challenges related with energy storage technologies in power grid.

Scope

• Market prospect for companies providing energy storage systems in smart grid
• Key benefits and challenges of using energy storage technologies in power grids
• Key players in the global market for energy storage technologies in smart grid
• Application of energy storage technologies in smart grid

Reasons to buy

• Identify key growth and investment opportunities for energy storage in smart grid sector
• Gain insight on the industry’s growth potential 
• Developing strategies for market penetration
• Facilitate decision-making based on application of energy storage in the smart grid sector

TABLE OF CONTENTS

1.1 List of Tables
1.2 List of Figures 1

2 GlobalData Market Analysis Alert
2.1 Summary 1

3 Energy Storage in Smart Grid - Technology Analysis, Benefits, Challenges and Applications
3.1 Introduction 1
3.2 Types of Energy Storage Technologies in Smart Grid 2
3.3 Key Industry Players 7
3.4 Applications of Energy Storage Systems in Smart Grid 8
3.5 Benefits of the Energy Storage Technologies 9
3.6 Challenges for Storage Technologies 10

4 Appendix
4.1 Abbreviations 11
4.2 Methodology 11
4.3 Contact Us 12
4.4 Disclaimer 12

LIST OF TABLES

Table 1: Energy Storage Market, Global, ARRA-Funded Energy Storage Technology Demonstration Projects, 2009 2
Table 2: Energy Storage Market, Global, Cumulative Installed Capacity, (MW), 2008 2
Table 3: Energy Storage Market, Global, NaS Battery Projects, 2009 6
Table 4: Energy Storage Market, Global, Comparison of Storage Batteries 7
Table 5: Abbreviations 11

LIST OF FIGURES

Figure 1: Energy Storage Market, Global, Comparison of Capital Cost Per Unit Power for Storage Technologies ($/kW), 2002 3
Figure 2: Energy Storage Market, Global, Comparison of Capital Cost Per Unit power for Storage Technologies ($/kW), 2002 3