ElectroniCast Consultants has announced their market forecast of the worldwide use of lithium-ion capacitors used in wind and solar power generation. A lithium-ion capacitor (LIC) is a hybrid type of capacitor out of the family of the supercapacitors.
The worldwide consumption value of lithium-ion capacitors used in standalone wind turbine plus standalone solar photovoltaic (PV) plus combined (hybrid) wind/solar power generation applications reached US$ 10.8 million in 2015, and it is forecast to reach US$500 million in the year 2025. The use of lithium-ion capacitor (LIC) based rechargeable energy storage systems in conjunction with wind and solar power is being advanced for a wide range of devices such as light emitting diode (LED) streetlights, roadside signage/displays, airfield lighting, surveillance cameras, security sensors, as well as various commercial and residential applications. Lithium-ion capacitors are characterised by an ability to charge with even weak current; therefore, ElectroniCast forecasts market demand for LICs to increase substantially in the renewable energy industry sector.
