NewEnergyNews: Global Battery Storage Boom Gets Bigger

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

While the OFFICE of President remains in highest regard at NewEnergyNews, the administration's position on the climate crisis makes it impossible to regard THIS president with respect. Therefore, until November 2020, the NewEnergyNews theme song:

YESTERDAY

  • MONDAY STUDY: How Electric Cooperatives Can Move To New Energy
  • THE DAY BEFORE

  • Weekend Video: More On How Michael Moore Got New Energy All Wrong
  • Weekend Video: New Energy Is Good For What Ails The World
  • Weekend Video: Will The Florida Keys Sink?
  • THE DAY BEFORE THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-A Global Recovery Script, Starring New Energy
  • FRIDAY WORLD HEADLINE-Global New Energy To Hesitate, Then Bounce Back
  • THE DAY BEFORE THAT

    THINGS-TO-THINK-ABOUT WEDNESDAY,:

  • TTTA Wednesday-ORIGINAL REPORTING: Solar’s Changing Market And Policy Landscape
  • TTTA Wednesday-The Green Hydrogen Solution
  • THE LAST DAY UP HERE

    MONDAY’S STUDY AT NewEnergyNews, May 25:

  • Bringing New Energy To Heating; A Case Study
  • --------------------------

    --------------------------

    Founding Editor Herman K. Trabish

    --------------------------

    --------------------------

    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

    email: herman@NewEnergyNews.net

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • THINGS-TO-THINK-ABOUT WEDNESDAY, June 3:
  • ORIGINAL REPORTING: How To Get The Investments Needed For A New Grid
  • New Energy Beating Coal, Nuclear In 2020

    Friday, August 02, 2019

    Global Battery Storage Boom Gets Bigger

    Energy Storage Investments Boom As Battery Costs Halve In The Next Decade

    July 31, 2019 (Bloomberg New Energy Finance)

    “…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…This 122-fold boom of stationary energy storage over the next two decades will require $662 billion of investment…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…[Lithium-ion battery costs per kilowatt-hour will fall another 50%] by 2030, as demand takes off in two different markets – stationary storage and electric vehicles…

    [Cheaper batteries can be used in more and more applications. These include energy shifting (moving in time the dispatch of electricity to the grid, often from times of excess solar and wind generation), peaking in the bulk power system (to deal with demand spikes), as well as for customers looking to save on their energy bills by buying electricity at cheap hours and using it later…

    Just 10 countries are on course to represent almost three quarters of the global market in gigawatt terms… South Korea is the lead market in 2019, but will soon cede that position, with China and the U.S. far in front by 2040. The remaining significant markets include India, Germany, Latin America, Southeast Asia, France, Australia and the U.K…Falling wind, solar and battery costs mean wind and solar are set to make up almost 40% of world electricity in 2040, up from 7% today…[Passenger electric vehicles could become a third of the global passenger vehicle fleet by 2040, up from less than half a percent today…

    [Energy storage will become a practical alternative to new-build electricity generation or network reinforcement. Behind-the-meter storage will also increasingly be used to provide system services on top of customer applications…The total demand for batteries from the stationary storage and electric transport sectors is forecast to be 4,584GWh by 2040…” click here for more

    0 Comments:

    Post a Comment

    << Home