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The Green Investing Handbook: A detailed investment guide to the technologies and companies involved in the sustainability revolution by Nick Hanna

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5. POWER STORAGE

Introduction

Energy storage is a key component in the low carbon revolution, slotting into the matrix in partnership with renewables, smart grids, electric cars and energy efficiency. Advanced battery technologies that address these needs are forecast to grow to a market worth $60bn by 2013. [78]

Finding cost-effective and efficient ways of storing energy from renewable sources will contribute to a more widespread adoption of wind, wave and solar power techniques because it will also change the economics of renewables. For example, wind often blows hardest at night, and may produce more power than required at this time of day. If the electricity produced during off-peak periods could be stored and then sold during peak ...

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