Breakthrough Flow Battery Technologies for Grid-scale Energy Storage 2021: Long Operational Life, Eco-friendly Construction and Low Lifetime Cost Drive Market Growth - ResearchAndMarkets.com
The flow battery energy storage solution comprises 2 electrolytes, which differs from the traditional battery design, where energy is stored as the electrode material.
The "Breakthrough Flow Battery Technologies for Grid-scale Energy Storage" report has been added to ResearchAndMarkets.com's offering.
The flow battery energy storage solution comprises 2 electrolytes, which differs from the traditional battery design, where energy is stored as the electrode material. These electrocytes' electrochemical nature drives the ion transfer and enables the storage and discharge of energy.
A flow battery can be used as a fuel cell and rechargeable battery. The fundamental working concept is to extract spent fuel and pump fresh electrolytes. Flow battery has technical advantages over typical batteries, including virtually unlimited life cycles, multiple deep discharges, and separate liquid tanks providing superior safety compared with traditional batteries.
Flow batteries are categorized as redox flow battery (uses the same material in different chemical forms in both electrolytes); hybrid redox flow battery (uses 2 materials in the form of electrolytes); and membrane-less redox flow battery (eliminates the use of membranes, but uses the fluid dynamics of laminar flow to keep the electrolytes separate while allowing ions to pass through). This study largely centers around grid-scale redox flow battery technologies.
Flow battery technologies are relatively mature, with Vanadium flow batteries and zinc-based flow batteries forming the largest share of deployable batteries. However, their high upfront costs, low energy density, and electrolyte maintenance requirements remain critical challenges to widespread deployment.
R&D efforts aiming to reduce the cost and improve the performance of flow batteries signal fresh opportunities. Researchers also focus on developing membrane-free battery chemistry with potentially higher durability and lower cost.
Flow battery technologies are well-suited to enable utilities, micro-grids, and industries to adopt renewable energy integrated with energy storage solutions for a net zero-carbon footprint.
Growth opportunities in flow battery technologies for grid-scale energy storage encompass:
- Identification of novel electrolyte solutions and battery materials for cost-effective and energy-efficient flow batteries
- Auxiliary system integration to enhance battery performance and ensure minimal maintenance
- Strategic collaborations with research Institutes and organizations to fast-track lab-to-commercialization potential
Key Topics Covered:
Technology Snapshot
- Flow Battery Technologies are Ideal for High-Power Stationary Applications with Low-Maintenance Requirements
- Flow Battery Technologies Categories - Redox, Hybrid, and Membrane-free Technologies
- Flow Battery Technologies Cost Analysis Compared with Traditional Energy Storage Technologies
- Cost-effectiveness and Raw Material Availability Among the Biggest Hurdles to Widespread Deployment of Grid-scale Flow Batteries
- Growth Drivers for the Widespread Adoption of Grid-scale Redox Flow Batteries
- Growth Restraints for the Widespread Adoption of Grid-scale Redox Flow Batteries
Flow Battery Technology Landscape: Key Innovations
- Technology Enablers for Cost-effective, Reliable Redox Flow Batteries in Grid-scale Energy Storage Applications
- All-Iron Redox Flow Battery with the Potential for Practical Applicability
- Cost-effective and Eco-friendly All-Iron Redox Flow Battery
- All-Vanadium Redox Flow Battery Enabling Renewable Grid Integration
- All-Iron Flow Battery with Patented Electrode Design for Superior Performance
- Metal-free Redox Flow Battery as a Clean and Sustainable Energy Storage Solution
- Low-cost, Long-duration Membrane-less Redox Flow Battery
Regulatory Landscape and IP Analysis
- United States Leads in Grid-scale Flow Battery Technology R&D Activity
Growth Opportunity Universe
- Identification of Novel Electrolyte Solutions and Battery Materials
- Auxiliary System Integration for Enhanced Battery Performance and Minimal Maintenance
- Strategic Collaborations with Research Institutes and Organizations
Key Industry Influencers
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