http://www.renewableenergyworld.com/rea/news/article/2010/03/energy-storages-quiet-revolutionWhen A123Systems saw its shares jump more than 50 percent in a successful Nasdaq debut back in September, some industry insiders expected it would be the first of a bevy of big energy-storage headlines. Instead, energy storage seems to have fallen out of the limelight, getting nothing near as much hype as Bloom Energy, a fuel-cell company focused on electricity generation instead of energy storage, generated when it launched last month.
But a series of recent small announcements suggest that energy-storage technologies are quietly making progress toward commercialization nonetheless. "There seems to be a lot more buzz in the last few months, and what's interesting is it's not all on the automotive side," said Sara Bradford, a principal consultant for global research firm Frost & Sullivan. While automobiles remain a key area for new energy-storage technologies, she's seeing a "spillover effect" as research and investment spreads into other areas, including grid applications for utilities and nonautomotive transportation.
Some examples? In February, Valence Technology signed a $45 million deal to supply its lithium-ion battery systems for a new line of hybrid-electric yachts, sailboats and motorboats from Beneteau Group. And International Battery, another lithium-ion rechargeable battery manufacturer, announced it was selected to supply battery systems for an American Electric Power smart-grid demonstration project in Ohio.
The community energy storage part of the project, which is being developed by S&C Electric Company, is intended help stabilize the grid and provide backup power, potentially enabling plug-in electric vehicles and a higher percentage of intermittent renewable-energy sources, such as solar and wind power.
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