25. May 2012 · Comments Off · Categories: News · Tags: , , , ,

Low natural gas prices in the US have slowed momentum in the development of grid-level energy storage solutions, an expert panel gathered from venture capital, power generation and utility companies said last week.

In the absence of official targets on costs, energy storage companies would have to compete “at a unit below” the price of natural gas, currently trading at around $2.50MMBtu said Hanns Anders, an associate in the energy technology practice at Claremont Creek Ventures.

via Energy Storage Startups Battle Natural Gas, Looking to Asia and Europe.