Click here FOR DETAILS OF THE CLEANTECH INVESTOR DISCOUNT ON PURCHASES OF the GLOBAL FLOW BATTERY MARKET report
This summary is from the introduction to the GLOBAL FLOW BATTERY MARKET REPORT, which was published by 4th Energy Wave in July 2015.
Flow batteries have remarkable potential: The ability to store and then discharge large amounts of energy for 4 or more hours. The ability to fully discharge repeatedly yet remain at nameplate power rating. Trouble-free service lives measured possibly in decades. Out of context, flow batteries are the ideal solution for large-scale energy storage. But there are concerns.
4th Energy Wave’s report, A Technical and Business Case Assessment of the Global Flow Battery Market 2014 – 2024, is an in-depth examination of flow batteries’ business and technical cases, and their likely success as energy storage.
Enormous Sums of Investment
Flow batteries have attracted enormous sums of investment, including stimulus funding via the U.S. American Recovery and Reinvestment Act (ARRA). A typical vendor still in product development may have attracted $25-50 million of mixed private and government investment.
Time-Shifting of Renewable-Source Energy
The top use case for flow batteries is time-shifting of renewable-source energy – generating energy with the wind at 0200 and selling that energy at 1800. Unfortunately, that use case is still in its infancy. And it can be met by competing storage technologies that are today tested-and-ready for sale.