Frost + Sullivan: R+D in the Energy Storage Sector Still Intense

Presently, researchers are not only focusing on meeting energy demands, but also on the aspect of tapping the potential benefits of energy resources that are environment friendly. Such a difficult task can be achieved only through dedicated and continuous research and development in the energy storage area.

While sustainable energy production continues to be a tough ask, the research community’s top priority is storing this generated energy in an efficient manner. The current research taking place on the topic of energy storage materials focuses on developing present technologies that increase the efficiency of energy storage and innovating new materials that facilitate energy storage in different forms.

Frost & Sullivan’s news analysis titled ‘Materials for Energy Storage: R&D Management’ concludes that R&D activity in the energy storage sector has been quite intense, more so, with the participation of major corporations, renowned research universities and national laboratories.

Rajaram Vijayan, Senior Research Analyst in Technical Insights of Frost & Sullivan, said that the consumers in the transportation and electronics sectors are wary of the shortfalls of traditional energy storage technologies in decreasing pollution. This environmental aspect combined with possible strict regulations imposed by different governing councils have assisted the development of different nanomaterials for the purpose of energy storage applications.

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