As the need for the integration of renewable energy into the power grid grows, Asia will emerge as dominant region for energy storage, according to Frost & Sullivan. That need is expected to drive significant interest in community and grid-scale energy storage solutions next year, particularly in Japan, China and South Korea.
Utility-scale energy storage is poised for prodigious growth over the next decade, according to the market research firm Frost & Sullivan. “Overall, attractive pricing, combined with a surge in manufacturing and supportive policies for renewable energy development, will increase the bankability of renewable energy associated storage projects,” said Ross Bruton, an analyst at Frost & Sullivan.
A joint effort from regulatory, technology, funding and infrastructure stakeholders globally can turn the tide in favor of tidal energy, according to Frost & Sullivan.Credit: Lockheed MartinThe growing emphasis on renewable and carbon neutral energy generation has thrust tidal energy into the spotlight. Tidal energy being more reliable than wave energy has a few operational plants with substantial capacity across the globe. New, experimental concepts such as dynamic tidal power, which enable production even in low-tide regions, possess the potential to disrupt existing technologies and make tidal power a key energy resource.
Aside from existing, well-established lead acid, lithium-ion, and flow batteries, Frost & Sullivan predicts there will be several mega trends creating a high demand for batteries with different chemistries and applications.For example, the role of the Internet of Things (IoT), advancements in telecommunication networks (LTE), wearable devices with sensors, renewable integration, smart grid, and energy storage are some of the key technologies dependent on batteries for their successful implementation and performance.
The Internet of Things (IoT) offers smart building participants a game-changing opportunity to provide integrated solutions that maximize operational and energy efficiency, enhance innovation, develop remote services and create valuable insights for end users, according to a recent report from Frost & Sullivan. IoT is on the verge of breaking new ground as market participants turn the spotlight on flexible, secured and cost-effective cloud-based applications that will convert building data into a decision-making platform.
The Internet of Things could be a game-changer for companies that provide integrated solutions that can process and analyze large amounts of data that will maximize the operational and energy efficiency of smart buildings, according to a report released by Frost & Sullivan.
Net zero-energy buildings (NZEB) are a relatively new concept and unfamiliar to many. But government financial support is helping those technologies achieve greater visibility than they might otherwise be able to achieve.
A new report from Frost & Sullivan, Enabling Technologies for Net Zero-Energy Buildings — Funding Analysis, has determined that Europe is ranked at the top for available funding with North America and the Asia-Pacific region following.
Silver Spring Networks, Inc. (NYSE:SSNI – News) today announced that it was recognized with the Frost & Sullivan 2014 New Zealand Smart Grid Solutions Company of the Year award. In New Zealand’s retailer led, disaggregated market, Silver Spring’s standards-based IPv6 networking platform, software, and services has helped enable energy retailers, distribution companies, and Metering Service Providers more flexibility and reliability in the delivery of their services and empowered consumers to take more control over their energy choices. Silver Spring has collaborated with SmartCo, a consortium of lines companies including Alpine Energy, Electricity Invercargill, Network Tasman, The Power Company, OnMetering, and WEL Networks, to deploy smart infrastructure services to support a number of retailers, and serving urban and rural consumers across New Zealand.
Smart grid technology may have taken a while to make its mark in the Middle East but that could all be about to change. The next two years could prove to be a bonanza for companies engaged in the sector, as countries in the region make their move after a period of quiet assessment.
The global market for smart grid technology is growing rapidly and is expected to reach $125bn in 2017, according to a recent Frost & Sullivan report. But while 75% of Europe should be smart grid-enabled by the following year, adoption in the GCC has so far been “sluggish”.
The global market for smart grid is growing rapidly with total spend expected to reach US$ 1 trillion by 2017. However, the implementation of the technology in Gulf Cooperation Council (GCC) countries is yet to take off with regional utilities targeting greater efficiencies to meet escalating peak demand, according to a Frost & Sullivan report.