Extremely Low-Cost Flow Battery Technology with Improved Power Density
Large scale utility energy storage is a growing market. Cost effective energy storage will increase the robustness and efficiency of the energy transmission grid will enable the development of a \"smart grid\"" and will facilitate the introduction of intermittent renewable energy conversion systems such as wind and solar. A recent report by Sandia National Laboratory identifies 17 major grid applications that could benefit from energy storage. The market for energy storage is estimated by this report to exceed $228 billion over the next 10 years.