Monday, November 14, 2011

FW: Top five emerging energy storage technology companies

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Top five emerging energy storage technology companies


November 10, 2011
Source: Lux Research

The new Lux Research Grid Storage Tracker reveals that the lineup of leading
emerging energy storage suppliers is indeed seeing a significant shake-up.
Japanese molten salt battery producer NGK Insulators has historically
dominated the grid storage market for emerging technologies (excluding
pumped hydro, compressed air, and traditional lead-acid batteries). After
capturing over 76% of the total market at the end of 2010, NGK's market
share plummeted to just 53% of operating grid storage projects as of
September 30th of this year, according to Lux Research's Grid Storage
Tracker. 

2011 Installed Grid Storage
Market Leaders

2011 Market Share

NGK Insulators
53%

Xtreme Power
10%

Beacon Power
7%

International Battery
7%

A123 Systems
6%

 
Source: Lux Research


NGK's monopoly withered and allowed other players with a variety of
technologies to make waves into the grid storage market, including Xtreme
Power's advanced lead acid battery, Beacon Power's(Nasdaq:BCON)flywheels
(although Beacon's share will drop after filing Chapter 11 last week), and
lithium ion batteries from International Battery and A123 Systems
(Nasdaq:AONE),. The strong traction of these players resulted in a 56%
increase in the number of installed megawatts in 2011 over 2010. Based upon
announced and ongoing projects, NGK's market share will sharply drop by the
end of 2012 with A123 Systems capturing nearly one quarter of the market. 

The Lux Research Grid Storage Tracker, built upon data gathered from primary
interviews with technology developers, is a customizable database and tool
that keeps track of grid storage projects around the world from conception
through operation and completion. The Grid Storage Tracker details each
project's technology, technology provider, status, size, location, cost, and
applications and breaks down the market for battery components by cathode,
anode, separator, and electrolyte. 

The Tracker is a flexible platform that allows the user to input proprietary
data and manipulate Lux Research's underlying assumptions. This dynamic tool
supports an almost infinite quantity of easily customized graphical and data
outputs ready for instant insertion into any reporting format.

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