Influential analyst upgrades expectations for behind-the-meter and grid-scale storage markets as costs continue to fall. The global energy storage market is on the cusp of a long-running investment and deployment boom, according to one of the world’s most influential energy analysts. Bloomberg New Energy Finance (BNEF) this week announced an upgrade to its forecasts for the behind-the-meter (BTM) and grid-scale energy storage sectors, confirming that in response to falling costs it had “significantly increased” its projections for the sector. The latest annual report on the global energy storage market predicts global energy storage capacity, excluding pumped hydro storage, will soar over the next two decades from less than 20GW to nearly 1,000GW by 2040.
Business Green 8th Nov 2018 read more »