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Sunday, October 18, 2015

Kent Moors: Why 2015 Is the Year of the Battery, and How You Can Profit From It

Kent Moors covers the energy field and writes in Why 2015 Is the Year of the Battery, and How You Can Profit From It:
Renewable power is on the rise. U.S. wind power capacity grew by 8.3% in 2014, and total renewable electric power will grow by 5.5% in 2016.
Utility-scale solar power capacity alone is expected to increase by 100% over 2015 and 2016. And in Europe, renewable power generation increased by 84% from 2003 to 2013.
But the great stumbling block for solar energy, as well as wind power and electric vehicles, has always been storage. The sun doesn't always shine, and the wind doesn't always blow. And we don't always need power when they do.
Batteries can bridge this gap by storing renewable power for when its needed, but conventional batteries, even the most high-tech ones, are inefficient and expensive, and don't last more than a few years.
But in 2015, that's all changing.
Recently, researchers at Ohio State University announced a breakthrough battery that's 20% more efficient and 25% cheaper than anything else on the market.
That's just one of the battery breakthroughs that could transform the energy industry and create some of the most exciting opportunities I've seen.
Because whoever figures out the "holy grail" of energy storage is going to make an absolute fortune, and not just in the energy industry. The implications are far-reaching across almost every industry you can imagine (and some you can't)....(more)