Posted by: Windfair Editors
BloombergNEF: Energy Storage Boom Will Come
Official Press Release BloombergNEF:
Energy Storage Investments Boom As Battery Costs Halve in the Next Decade
Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF).
This 122-fold boom of stationary energy storage over the next two decades will require $662 billion of investment, according to BNEF estimates. It will be made possible by further sharp declines in the cost of lithium-ion batteries, on top of an 85% reduction in the 2010-18 period. BNEF’s Energy Storage Outlook 2019, published today, predicts a further halving of lithium-ion battery costs per kilowatt-hour by 2030, as demand takes off in two different markets – stationary storage and electric vehicles. The report goes on to... ... More: Official Press Release BloombergNEF
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- BloombergNEF, energy storage, storage, battery, outlook, forecast, research, boom, decade