Connect with us

Hi, what are you looking for?

CleanTechnica
The global energy storage market is expected to double six times between 2016 and 2030 according to new analysis by Bloomberg New Energy Finance, reaching a total of 125 gigawatts with 305 gigawatt-hours of capacity.

Energy Storage

Global Energy Storage Market To Double Six Times By 2030, Predicts BNEF

The global energy storage market is expected to double six times between 2016 and 2030 according to new analysis by Bloomberg New Energy Finance, reaching a total of 125 gigawatts with 305 gigawatt-hours of capacity.

The global energy storage market is expected to double six times between 2016 and 2030 according to new analysis by Bloomberg New Energy Finance, reaching a total of 125 gigawatts with 305 gigawatt-hours of capacity.

Bloomberg New Energy Finance (BNEF) published a new report on Monday, Energy Storage Forecast, 2017-30, which shows that not only will the global energy storage market double six times between 2016 and 2030, but that the United States will account for a quarter of all deployments.

In total, global energy storage will increase to 125 GW (gigawatts) of capacity with 305 gigawatt-hours (GWh), a similar trajectory to what the global solar industry experienced between 2000 and 2015.

“The industry has just begun,” explained BNEF energy storage analyst Yayoi Sekine and lead author of the report. “With so much investment going into battery technology, falling costs and with significant addition of wind and solar capacity in all markets, energy storage will play a crucial part in the energy transformation.”

A total of $103 billion will be invested between 2016 and 2030 into the energy storage market, spread roughly across the Americas, Asia Pacific and Europe, Middle East and Africa regions. BNEF also highlights eight countries which will lead the market and account for 70% of global capacity — the United States, China, Japan, India, Germany, the United Kingdom, Australia, and South Korea.

The full report is available here for Bloomberg New Energy Finance subscribers.

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: Cruise Talks Autonomous Driving Tech, Regulations, & Auto Design

New Podcast: Battery Mineral Mining Policies & Regional Trends

Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Batteries

BYD has introduced two new electric car models for the Chinese market and announced it will use only LFP batteries from now on.

Batteries

Old(ish) Audi e-tron batteries are getting another life in India. In Uttar Pradesh, a German-Indian startup founded by Berlin-based Prodip Chatterjee, Nunam, has turned...

Cars

One of the hottest young electric vehicle startups, NIO, hit a notable production milestone this week. It produced its 100,000th vehicle on April 7....

Cars

Geely has been making some wild business moves in recent years. Ever since buying Volvo from Ford back in 2010, the company seems to...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.