Friday, May 30, 2008

Energy Storage: ‘The Next Big Thing’

From Red Herring:

Venture investments in “fragmented” energy storage technologies like batteries, flywheels, and fuel cells grew 74 percent to $709 million in 2007, a new study says.

Among the report’s predictions:

--Fuel cells “will return from the dead” as sales increase from $92 million in 2007 to $1.8 billion in 2012. The growth will be driven not by fuel cell cars, but by applications in residential combined heat and power systems and distributed generation. Among the leading companies will be Ballard Power Systems and Ceramic Fuel Cells....MORE