powerstoraging.com

Hurricane Sandy painfully illustrated how fragile a centralized power grid is. This will further stimulate the search for new forms of power storaging to rival the energy density found in a single tank of gasoline. Power storaging is an absolute necessity to avoid wasting large quantity of energy produced by renewable energy sources that are time sensitive, such as solar or wind. Also, the development of mobile devices and electric cars strongly depend on more efficient energy storage. Predictions are that who will develop the most efficient new power storage system will be the new Nelson Rockefeller or Bill Gates.

For Bloomberg, the market for energy storage is set to see big growth, from $500 million to over $12 billion by 2023.