Facts & Figures

“A next-generation smart gridCollectively; devices, practices and protocols that enable rich monitoring and situational awareness and flexible and robust control of various parts of or entire power systems under varying conditions. Among other objectives, Smart Grid is expected to... without energy1. Energy is the potential of a physical system to perform work. (A common unit of work is foot-pound—the amount of energy needed to lift one pound up a distance of one foot.) Energy exists in several forms such as electromagnetic radiation ... storage is like a computer without a hard drive: severely limited.”
 - Katie Fehrenbacher, GigaOm

Did you know?

  • According to market research firm IHS, the energy storage market is set to “explode” to an annual installation size of 6 gigawatts (GW) in 2017 and over 40 GW by 2022 — from an initial base of only 0.34 GW installed in 2012 and 2013.
  • The U.S. energy storage industry comprises hundreds of companies and thousands of American workers building commercial energy storage systems throughout the country.
  • Flywheel and battery1. Two or more electricAn adjective meaning “needing electricity to operate” such as electric motor or wire. IEEE: Containing, producing , arising from, actuated by or carrying electricity. cells connected together electrically. In common usage, the term “battery” is also applied to a single cell, such as a household battery. 2. A system comprised of identical electrochemical cells. energy storage systems are operating today in the competitive ancillary services powerThe rate at which energy is generated, converted, transmitted, distributed or delivered. market – providing a 10x faster and more accurate response to a power dispatcher’s signals compared to power turbine generators.
  • Over 60 million Americans in 13 mid-Atlantic states plus the District of Columbia are saving money and receiving highest quality service thanks to energy storage systems operating in that region.
  • PJM Interconnection projects that just a 10-20% reductionA chemical process that results in the acceptance of electrons by an electrode’s active material. The opposite of oxidation. in its frequency regulation capacityThe rate at which equipment can either generate, convert or transfer energy. procurement - made possible by additional storage projects - could result in $25-50 million in savings to residential, commercial and industrial consumers.
  • The California Public Utilities CommissionCPUC regulates investor-owned utility companies (IOUs) and sets the rates customers pay for electricity. (CPUC) approved a target requiring the state’s three largest investor-owned utilities, aggregators, and other energy service providers to procure 1.3 gigawatts of energy storage by 2020.
  • An IMS Research report expects the market for storing power from solar panels – which was less than $200 million in 2012 – will catapult to $19 billion by 2017.