Li-ion Battery Market for Energy Storage Systems (ESS) in the US 2015-2019
Energy storage is a mechanism of storing electricity during the off-peak period and supplying the stored electricity during the on-peak period. An ESS stores the excess electricity, which can be utilized during power shortages, power blackouts, and peak hours of demand. Various technologies such as pumped-hydro storage systems, flywheels, advanced batteries (Li-ion) , and other evolving technologies such as CAES are available for ESS. Li-ion batteries are increasingly being preferred because of their inherent advantages such as high dynamic charge acceptance, longer shelf life, reliability, and lower total cost of ownership. Rapid technological evolution will enable large-scale storage of electricity in Li-ion batteries. Such electricity storage is required when the amount of electricity generated is greater than the electricity demand. See Complete Details at: http://www.researchbeam.com/li-ion-battery-for-energy-storage-systems-ess-in-the-us-2015-2019-market
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