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Energy Storage: The Next Multi-billion Dollar Sector?

10:49 AM MDT | June 10, 2009 | Alex Scott

Energy storage-a potential growth market for electronic materials producers-could become a multibillion dollar sector within 10 years or so, according to a new report by Steven Milunovich, an analyst with Bank of America Securities-Merrill Lynch. The hybrid/electric automotive lithium-ion battery opportunity alone could lead to sales of $20 billion or more by 2020, Milunovich states.   The energy storage sector today is a “miniscule” sector with a market capitalisation of less than $2 billion/year. “Although storage should take longer to...

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