Lithium-Ion Batteries Find Niche in Backup Storage, UPS
Led by lithium-ion (Li-ion), emerging battery technologies used in the backup and uninterruptible power supply (UPS) markets will grow six-fold from $143 million this year to $896 million in 2020, according to Lux Research. Li-ion batteries will account for a bulk of this market, reaching $553 million in 2020, and additionally restoring demand-supply balance in the Li-ion market, according to Lux Research’s report Backup and UPS: Stable Growth in the Unstable Stationary Storage Markets. Medical, commercial and data center operators are the major users of the conventional backup and UPS markets, which have a global installation base of 800 GW, or 15 percent of global peak consumption. The Li-ion chemistry offers enhanced life and power density over incumbent lead acid systems, according to LUX. Other conclusions from the report include:
Recently, power management products firm Xtreme Power unveiled its new 1 MW lithium ion-based battery energy storage system for Texas’ Center for the Commercialization of Electric Technologies.
Energy Manager Today - Copyright ©2013, all rights reserved. http://www.energymanagertoday.com/lithium-ion-batteries-find-niche-in-backup-storage-ups-096368 |