Grid-Scale Energy Storage to be worth $113.5 Billion per year by 2017

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Grid-Scale Energy Storage to be worth $113.5 Billion per Year by 2017

Posted: 04 Apr 2012 03:06 PM PDT

Lux Research, an independent research and advisory firm providing strategic advice and on-going intelligence for emerging technologies, have recently released a bottom-up evaluation of energy storage technologies for grid-scale application. In their report, “Grid Storage under the Microscope: Using Local Knowledge to Forecast Global Demand”, they predict that by 2017 annual demand for grid-scale energy storage will be at 185.4 gigawatt hours globally, and worth $113.5 billion a year. They forecast an average annual demand growth of…

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Why America will become an Export Powerhouse

Posted: 04 Apr 2012 11:20 AM PDT

At least three forces are likely to combine to make the United States an [increasing] export powerhouse.First, artificial intelligence and computing power are the future, or even the present, for much of manufacturing. It’s not just the robots; look at the hundreds of computers and software-driven devices embedded in a new car. Factory floors these days are nearly empty of people because software-driven machines are doing most of the work. The factory has been reinvented as a quiet place. There is now a joke that “a modern textile mill…

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