Redox Flow Batteries 2017-2027: Expiry of a Number of Patents Related to RFBs in 2006 has Sparked an Industrial Race to Comme...
April 21 2017 - 09:38AM
Business Wire
Research and Markets has announced the addition of the "Redox
Flow Batteries 2017-2027: Markets, Trends, Applications" report to
their offering.
Redox Flow Batteries were initially developed by NASA in the
70's for its space programme. The expiry of a number of patents
related to RFBs in 2006 has sparked an industrial race to
commercialization, which will grow to become a $4bn market by
2027.
Often perceived as an underdog, redox flow batteries (RFB) may
not deliver the same power of a Li-ion battery, but they can
compete in terms of cycle life, safety, and reliability for
stationary applications. Utilities around the world are avidly
testing RFBs in pilot projects, while China is underway in the
construction of the largest battery in the world (200 MW / 800
MWh), which will be entirely powered by redox flow batteries. If
successful, this project will be replicated across the country and
probably also in Europe and the US.
Stationary energy storage is a cost-effective way to increase
renewable energy utilisation, as well as to implement energy
efficiency measures, both at residential, industrial, and grid
level. The redox flow battery technology, despite higher upfront
costs and lower energy density, has a shorter payback time thanks
to a good capacity retention even after many thousands of cycles.
Additionally, redox flow batteries (RFBs) retain most of their
initial value thanks to the possibility to recycle their core
components more easily than other battery chemistries. Some RFB
chemistries, like that based on vanadium, are already commercial
and set to capture most of the $4bn market value.
Companies Mentioned
- EleStor
- Primus Power
- Toyota
- UniEnergy Technologies (UET)
- VoltStorage
Key Topics Covered:
1. EXECUTIVE SUMMARY
2. INTRODUCTION
3. TYPES OF REDOX FLOW
4. MATERIALS FOR RFBS
5. PROPERTIES OF RFBS
6. REDOX FLOW FOR ELECTRIC VEHICLES
7. COST AND PERFORMANCE ANALYSIS
8. TECHNOLOGY AND MARKET READINESS
9. CASE STUDIES
10. MARKETS FORECASTS
11. APPENDIX
For more information about this report visit
http://www.researchandmarkets.com/research/9zrbc2/redox_flow
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version on businesswire.com: http://www.businesswire.com/news/home/20170421005412/en/
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U.S.): +353-1-481-1716Related Topics: Battery Technology