07 August 2017
Visiongain’ has launched a new energy report Thermal Energy Storage (TES) Market 2017-2027: Forecasts and Analysis By Technology (Sensible Heat Storage, Latent Heat Storage, and Thermo-Chemical Storage), By Material (Molten Salt, Water, and Others), By Application (Power Production, District & Process Heating/Cooling) AND By Regions & National Market PLUS Profile of Leading Companies in Thermal Energy Storage
Thermal Energy Storage involves the storage of energy obtained from different energy sources for later use. It allows excess thermal energy to be stored and used hours, days, or even months later. It has applications in balancing the energy demand between daytime and nighttime, storing summer heat for winter heating, or winter cold for summer air conditioning. There are mainly three forms of TES systems available and are being used today; they are Sensible heat storage, Latent heat storage and Thermo-Chemical Storage
Due to a growing concern for depletion of conventional resources and the negative impact of fossil fuels on the environment, the need for a search for alternative and renewable energy sources has intensified. Renewable sources of energy have gained a wider acceptance for power generation due to their environmental benefits as well as abundance in nature. However, their intermittent nature is a topic of concern. Intermittent nature of renewable energy sources has created interest for energy storage technologies
Thermal Energy Storage Technology allows renewable energy to be stored for later use. It also allows renewable energy facilities to be designed to optimize the electricity load profile according to market needs. With the gradual shift from traditional fossil fuel based energy sources to the renewable energy, storage systems are becoming vitally important.
The visiongain report analyst commented “The development of TES projects across the world is still largely dependent on power production and the investment in the field. Governments across the countries are increasing their renewable energy share, and the support of the projects which have storage facility is likely to drive the market
Leading companies featured in the report who are developing Thermal Energy Storage (TES) include SolarReserve, Calmac Inc., Abengoa Solar, BrightSource Energy, Ice Energy, Brenmiller Energy Ltd., Terrafore Technologies LLC, Aalborg CSP A/S, Cristopia Energy Systems, SunCan Co. Ltd., SaltX Technology Holding AB & Cryogel
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