Emerging Needs Offer Growth Opportunities for Energy Storage, Renewable Energy and Smart Grids
Experts have observed a direct correlation between energy security and economic development of the region and energy has become a fundamental input in the modern world. Improved R&D efforts in generation and storage technologies, increasing efficiencies and reduction in cost of renewable technologies has led to grid parity in various regions
There has been an increase in the adoption of renewable energy technologies such as solar and wind. These energy sources have potential to address the complex climate change issue, but they face challenges of scalability and intermittent power generation. In this context, energy storage technologies are expected to play a crucial role making the energy infrastructure sustainable and more efficient
This Top Technologies in Energy and Utilities report focuses on the technologies from E&U sector which will impact multiple industries, applications, and regions. Technologies were chosen after weighing the importance of these issues carefully. The selection of the technologies is made using TechVision’s proprietary selection process and methodology. Criteria like funding, the market potential of the technology, regional adoption, the technology’s disruptiveness, megatrend impact and patenting activity, were considered while assessing each technology
The study offers in-depth strategic analysis of 10 important technologies including Advanced Batteries, Distributed Energy Generation, Next Gen Smart Grids, Super Fuel Cells, Thermal Energy Storage, Battery Energy Management, Solid State Battery, BIPV, Energy Management Systems and Tight Oil Extraction
