NewEnergyNews: Global Energy Storage Boom

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  • FRIDAY WORLD HEADLINE-New Energy Is A Matter Of Life And Death
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    Founding Editor Herman K. Trabish

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

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  • TODAY AT NewEnergyNews, December 10:

  • TODAY’S STUDY: The Way To A U.S. Offshore Wind Industry
  • QUICK NEWS, December 10: Climate Change, Nuclear War, And The Slow Tomorrow; Are T-RECs The Key To Real 100% New Energy?

    Friday, November 09, 2018

    Global Energy Storage Boom

    Energy Storage Is A $1.2 Trillion Investment Opportunity To 2040

    November 6, 2018 (Bloomberg New Energy Finance)

    “The tumbling cost of batteries is set to drive a boom in the installation of energy storage systems around the world in the years from now to 2040…The global energy storage market[1] will grow to a cumulative 942GW/2,857GWh by 2040, attracting $1.2 trillion in investment over the next 22 years. Cheap batteries mean that wind and solar will increasingly be able to run when the wind isn’t blowing and the sun isn’t shining…[T]he capital cost of a utility-scale lithium-ion battery storage system sliding another 52% between 2018 and 2030, on top of the steep declines seen earlier this decade. This will transform the economic case for batteries in both the vehicle and the electricity sector…[Behind-the-meter installations] will be sited at business and industrial premises, and at millions of residential properties…[and] perform a variety of tasks, including shifting grid demand in order to reduce electricity costs, storing excess rooftop solar output, improving power quality and reliability, and earning fees for helping to smooth voltage on the grid…” click here for more

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