Media Contact: Theresa Hosking
thosking@electronicastconsultants.com
Telephone/USA: 831-708-2381
www.electronicast.com
NEWS RELEASE
Lithium-Ion Capacitors in
Wind Turbine and Solar Photovoltaic Power Generation
Global Market Forecast (2012-2022)
According to ElectroniCast, the consumption value of Li-ion capacitors in Solar and Wind power
generation is projected to reach $2.7 million on 2013…
Aptos, California (USA) – September 16, 2013 -- ElectroniCast Consultants, a
leading market & technology forecast consultancy, today announced their market
forecast of the worldwide consumption of lithium-ion capacitors (Li-ion capacitors) used
in wind turbine and solar photovoltaic (PV) power generation.
Li-ion capacitors (also know as LICs) are appropriate for use in the energy storage subsystem in wind and solar power generation systems. If you want to use solar power at
night or wind power on calm days, you must store energy after it’s produced.
Lithium-Ion Capacitors (LICs) have a higher power density as compared to batteries
and they are safer in use than Lithium-Ion Batteries (LIBs), since thermal runaway
reactions may occur with LIBs. Compared to an Electric Double-Layer Capacitor
(EDLC), the lithium-ion capacitor has a higher output voltage. They both have similar
power densities, but energy density of a lithium-ion capacitor is higher. Li-ion capacitors
are characterized by an ability to charge with even weak current, and as a result,
demand is expected to increase substantially in renewable energy applications.
The use of lithium-ion capacitors as independent power supplies in combination with
wind/ and/or solar power is being considered for a wide range of devices such as light
emitting diode (LED)-based streetlights, LED-based roadway signs and signals, off-grid
home electrical power, roadway emergency/help phones, solar parking meters,
surveillance cameras, security sensors, and many other possibilities.
“The market for lithium-ion capacitors used in wind turbine and solar photovoltaic power
generation applications is relatively new and it is still open for new competitors,
acquisitions, joint ventures (JVs) and brands,” said Stephen Montgomery, principal
Green-Tech analyst at ElectroniCast. “An increasing public concern regarding climate
change/global warming, along with high energy prices, and the fact that some areas are
not accessible with electrical lines are pushing governmental renewable energy
legislation, incentives and energy-saving innovation,” Montgomery added.
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Media Contact: Theresa Hosking
thosking@electronicastconsultants.com
Telephone/USA: 831-708-2381
www.electronicast.com
The 2013 global consumption for lithium-ion capacitors in wind/solar power generation
systems is projected to reach $2.7 million. The market forecast covers the use of
lithium-ion capacitors (LICs) is segmented by the following end-user product categories:
Hybrid (combined) Wind and Solar; Standalone Wind Turbine; and Standalone Solar
Photovoltaic power generation.
According to ElectroniCast, the use of Li-ion capacitors in renewable energy is led by
solar photovoltaic (PV) power generation in 2013…
Li-Ion Capacitors used with Selected Renewable Energy Products
($ 2.7 Million in 2013)
1%
20%
Hybrid (1%)
Wind (20%)
Solar (79%)
79%
###
This 315-page market forecast report is available immediately from ElectroniCast Consultants (fee $3800).
For detailed information on this or other services provided by ElectroniCast, please contact Theresa
Hosking, Marketing/Sales; thosking@electronicastconsultants.com
(Telephone/USA: 831-708-2381)
ElectroniCast Consultants – www.electronicast.com specializes in forecasting trends in technology
forecasting, markets and applications forecasting, strategic planning and consulting. ElectroniCast
Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade
associations, government agencies, communication and data network companies and the financial
community. Reduction of the risk of major investment decisions is the main benefit provided.
ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to
provide timely, accurate information for strategic planning.
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