Energy Storage

The Holy Grail of the Energy Ecosystem

The future of renewable energy relies directly on the strength, quality, and longevity of energy storage technologies. Advances in energy storage technology have the potential to positively affect the energy distribution and transmission systems (smart grid), our energy consumption (electric vehicles), make electricity more reliable and available, and improve power grid efficiency. Because of the potential world changing effects of advancements in energy storage, this sector will have implications to the auto and energy industries, commercial and residential energy consumers. Technologies around lithium ion batteries are expected to significantly increase in capacity in the next decade. As this happens, electric vehicles will become more cost competitive with internal combustion engines, the power grid can be strengthened – reducing cost of meeting peak demand and facilitating feeds from wind or solar generators, and billions of people living in developing countries with limited access to electricity can be given access to affordable energy.

How the Center of Innovation for Energy Technology Helps Business

• The Center works closely with the University System to identify cutting edge research on Energy Storage.
• The Center works with local companies to offer access to applied research in the University system.
• The Center acts as a bridge between the Universities and Industry.