Nanotechnology Now - Press Release: Today's Broken Power Grid to be Replaced by a Smarter Power Web

Home > Press > Today's Broken Power Grid to be Replaced by a Smarter Power Web

Abstract:
Lux Research report predicts that focus energy efficiency and grid reliability will drive a $65 billion market opportunity in 2013

Today's Broken Power Grid to be Replaced by a Smarter Power Web

New York, NY | Posted on November 18th, 2008

The power grid today is wasteful, costly, inefficient and dumb - and ill-equipped to address many pressing energy issues, from the need to focus on climate change and carbon cost, to the demand for high reliability. However, the advent of distributed generation, distributed storage, and distributed intelligence will change power infrastructure into an intelligent and more nimble power web, according to a new report from Lux Research, "Alternative Power and Energy Storage State of the Market Q4 2008: Weaving the $65 Billion Power Web."

"Smart grid technologies, like advanced metering infrastructure and demand response services, will enable the transformation of the current grid to a more reliable and intelligent power web," said Ying Wu, Senior Analyst at Lux Research. "They will also allow carbon-saving technologies, from plug-in hybrid electric vehicles to renewables like solar and wind, to be better integrated into the energy mix."

To analyze the latest technology and business development trends in Alternative Power and Energy Storage markets, Lux Research updated its Q2 2008 State of the Market Report by incorporating up-to-date information in 2008 investments, market growth, and key announcements by technology developers. Report highlights include:

The market for metering hardware and software plus networking technologies for the smart grid is already $2.7 billion in 2008 and will grow to $4.7 billion in 2013.

Light electric vehicles will be dominated by hybrid electric vehicles (HEV) in the next two years. Plug-in HEVs (PHEVs) and full electric vehicles (EVs) will only enter the market after 2010. In total, the light electric vehicle market will grow from $551 million in 2008 to $3.1 billion in 2013.

Lithium raw materials will not be a constraint in the near term for growth in transportation lithium-ion batteries, although prices will be volatile, and investors will jump in to fund mining activities.

Investment in alternative power and energy storage is shifting from batteries and fuel cells to smart grid technologies that VCs hope will have a faster payback time - smart grid technologies garnered $262 million in investment from 2007 through mid-2008.

"In the next five years, transportation and utility markets will see higher rates of growth for energy storage technologies like Li-ion and other large format batteries," said Wu. "After down time for investments in 2009 and 2010, with stagnant VC investments and decreased IPOs, financing in alternative power and energy storage will see resurgence in 2011 and beyond."

"Alternative Power and Energy Storage State of the Market Q4 2008: Weaving the $65 Billion Power Web" is part of the Lux Research Alternative Power and Energy Storage Intelligence service. Clients receive: 1) regular market overview reports; 2) ongoing technology scouting reports and proprietary data points in the weekly Lux Research Alternative Power & Energy Storage Journal; and 3) on-demand inquiry with Lux Research analysts. For information on how to become a client, contact John Schwartz at or (646) 649-9582.

####

About Lux Research, Inc.
Lux Research provides strategic advice and on-going intelligence for emerging technologies. Leaders in business, finance, and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections, and competitive advantage to our clients.

For more information, please click here

Contacts:
Lux Research Inc.
1 Liberty Square
Suite 210
Boston, Massachusetts 02109
John Schwartz

(646) 649-9582

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark: