Global Energy Storage Market set to grow rapidly

Wind Industry Profile of

The U.S. and China will lead, claiming over half of the global installations by the end of this decade.

Energy storage installations around the world will reach a cumulative 358 gigawatts/1,028 gigawatt-hours by the end of 2030, more than twenty times larger than the 17 gigawatts/34 gigawatt-hours online at the end of 2020, according to the latest forecast from research company BloombergNEF (BNEF). This boom in stationary energy storage will require more than $262 billion of investment, BNEF estimates. BloombergNEF’s 2021 Global Energy Storage Outlook estimates that 345 gigawatts/999 gigawatt-hours of new energy storage capacity will be added globally between 2021 and 2030, which is more than Japan’s entire power generation capacity in 2020. The... ... More: Official Press Release Bloomberg NEF

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BloombergNEF, global, energy storage, installation, decade, China, USA, gigawatts, terrawatt hour, Japan, outlook, UK, Australia, Germany