NewEnergyNews: World’s Storage To Boom Through 2030

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    Friday, November 24, 2017

    World’s Storage To Boom Through 2030

    Global Storage Market to Double Six Times by 2030

    November 20, 2017 (Bloomberg New Energy Finance)

    “…[New research forecasts energy storage investment of $103 billion globally through 2030. The market will double six times and the U.S. will deploy a fourth of the] 125 GW/305 GWh capacity. This is a similar trajectory to the remarkable expansion that the solar industry went through from 2000 to 2015, in which the share of photovoltaics as a percentage of total generation doubled seven times. Eight countries will lead the market, with 70 percent of capacity to be installed in the U.S., China, Japan, India, Germany, U.K., Australia and South Korea. Energy storage, both utility-scale and behind-the-meter, will be a crucial source of flexibility throughout this period and will be essential to integrating increasing levels of renewable energy.” click here for more

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