Energy Storage

With the rapid growth of the electric vehicle market and a focus on the importance of safety, EV fire protection brings a large opportunity for material suppliers. In this article by Dr James Edmondson, Research Director here at IDTechEx, we share some of these opportunities including those outside of the automotive market, along with some challenges for material suppliers in this space and findings from recent industry events.

IDTechEx, a trusted provider of independent market intelligence, announces the availability of a new market report, "Battery Markets in Construction, Agriculture & Mining Machines 2024-2034". The report forecasts battery demand for off-highway industries will be worth nearly US$8 billion in 2034.

Thursday 9 May 2024 - Demand and key drivers for industrial thermal energy storage; Thermal energy storage technology overview including working principles, technology considerations (cost, materials, round-trip efficiency, etc.), ETES, TCES, and commercial readiness of these technologies; Key existing and emerging thermal energy storage applications; Market overview and key projects; IDTechEx's outlook and conclusions

The vanadium redox flow battery (VRFB) has prevailed as the most widely deployed and commercialized RFB chemistry over the last decade; despite this, the volume of their installations for stationary energy storage applications is still minimal compared to the incumbent Li-ion battery, but is this set to change?

Metal-organic frameworks (MOFs) are a class of materials with exceptionally high porosity and surface area (up to 7000m2/g). The design flexibility and structural versatility afforded by MOFs have attracted widespread interest in numerous applications, albeit with several unsuccessful attempts to commercialize the materials historically.

Energy is a universally familiar concept, but how it is stored may not be. Battery innovation underpins many sectors, including electric vehicles, sustainability, and renewable energy. Research Director Alex Holland explains how the market is set for greater success in the near future, with innovation in battery technology set to play a key role in this success.

Nuclear SMRs offer a powerful tool for decarbonization, with Gen IV reactor design-based SMRs offering uses beyond supplying to the grid directly. This article by IDTechEx outlines some of the ways SMRs can work within the energy ecosystem, including decarbonizing industries, producing "pink hydrogen", and offering a potential solution to the data center energy crisis.

At the end of February 2024, the UK ran its second Hydrogen Week. During this week, Hyundai set two new records for the driving range of its fuel cell electric vehicles (FCEVs). While certainly a significant achievement, will the ultimate range of FCEVs impact consumer opinions and adoption?

There is undoubtedly a huge push to build global DC fast-charging networks. The US government is providing more than $5 billion in funding and incentives as part of the NEVI program to build a coast-to-coast fast charging network, and many countries in Europe are rolling out similar programs following the AFIR regulations to spur EV charging infrastructure growth. 2024 will be a big year for EV charging, but, as IDTechEx discuss in this article, there's more to the story.

IDTechEx announces the availability of a new report, "Metal-Organic Frameworks (MOFs) 2024-2034: Market, Technology, and Players". This comprehensive market report offers an independent analysis of metal-organic frameworks trends and considers applications of MOFs for carbon capture, water harvesting, chemical separation and purification, and several other early-stage technologies.