BNEF Predicts Explosive Energy Storage Growth On Both Sides Of The Meter

The latest “Energy storage forecast 2016–2030” from Bloomberg New Energy Finance predicts explosive growth in energy storage over the next 12 years. BNEF says storage will grow in much the same way that solar power grew between 2010 and 2015. Solar power expanded 700% during that time. It sees a six fold increase in energy storage to 305 gigawatt-hours between now and the year 2030. Making that happen will require an investment in excess of $100 billion.

Countries Can “Significantly” Increase Renewable Energy Ambition Within NDCs, Concludes IRENA

A new report from the International Renewable Energy Agency has concluded that there is significant untapped potential for countries to “significantly” increase their renewable energy ambition within Nationally Determined Contributions when they are revised in 2020, helping to accelerate deployment in line with the goals and needs of the Paris Climate Agreement.