2013 Predictions for the Energy Storage Industry

The new year is quickly approaching, which means it’s time to take a look at the developments and trends we expect to see for the energy storage industry in 2013. The clean technology industry is quickly changing, reaching an expected growth of $5.1 trillion per year until 2020. This rapid growth also affects the energy storage sector, where we expect to see fast growth rates in the ultracapacitor market.

Taking recent developments into consideration, we’re predicting that a wide range of ultracapacitor applications, such as uninterruptible power supplies, clean energy, backup power and automobiles, will see market growth. Below are our forecasts for some of these applications:

Wind: With the chance of an extension for the Production Tax Credit, we expect to see a pickup in the wind market for 2013.  Because wind turbines’ output varies significantly, depending on wind speed and direction, energy storage technologies can be used by an individual turbine or wind farm to make output smoother. As nothing else on the grid can charge fast enough to compensate for the output changes, turbine manufacturers will increasingly look to ultracapacitors as an affordable alternative to batteries.

bloomberg-windmill-300x216.jpg

Photo source: Bloomberg

Start/stop applications: As we saw new no-idle regulations and evolving emissions standards this year, providers are looking to new solutions for better fuel economy and more efficient energy storage technology. For start/stop applications, manufacturers will increasingly look to ultracapacitors to deliver power efficiently and affordably.

Industrial design: Vehicle designs constantly evolve to meet customer needs. This year we predict car designers and manufacturers will want to save even more space in their vehicles. To do this, many designers will incorporate thin-cell ultracapacitors on the firewall instead of the engine compartment.

Hybridized transportation: With government funding for energy efficient transportation and an increase in hybridized transportation projects, many fleet vehicles such as school buses and police cars will look for new energy storage solutions such as ultracapacitors in 2013, as they can handle extreme dynamic loads, such as engine starting, acceleration and regenerative absorption, at an affordable price point.

Industrial applications and AGVs: We expect to see an increase in the use of AGVs in factory and industrial settings, as they eliminate the need for onboard operators or drivers. AGVs benefit from ultracapacitors’ quick charge, long life and low price point, therefore reducing overhead.

Thanks to ultracapacitors’ functionality and efficiency, we anticipate this market will steadily grow as manufacturers develop innovative applications for this energy storage technology.

Latest News

  • IOXUS' uSTART® Receives Edison Award for its Engine Enhancement Innovation

    Ioxus, designers and manufacturers of smart power solutions based on its widely used ultracapacitor technology, today announced that it was named a Bronze winner in the Engine Enhancement category of the 2018 Edison Awards. The announcement was made at the Edison Awards Gala in New York City.

    “We are very proud to have received an internationally recognized Edison Award and to be named a winner alongside companies like Mazda Motor Corporation and CFM International, a joint company of GE and Safran Group, for our engine enhancement achievements,” said Mark McGough, CEO and president of Ioxus, Inc. “This award is recognition that uSTART is proving highly reliable and valuable for fleets in the trucking industry. Being recognized with an Edison Award is one of the highest accolades we can receive in the name of innovation.”

    Inspired by Thomas Edison’s persistence and inventiveness, the Edison Awards are judged by a panel of more than 3,000 leading business executives, including past award winners, academics and leaders in the fields of product development, design and engineering. The judges recognize products as true innovations in their category.

    In addition to the Awards Gala, the annual Edison Awards program encompassed a full-day, “Meet the Innovators Forum” and the, “Innovators’ Showcase,” which offered guests a hands-on experience with read more...

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