Energy storage installations are poised for a 122-fold increase between now and 2040, as the uptake of renewable energy and electric vehicles (EVs) and falling costs of technology provide an ideal platform to drive demand for storage solutions. BloombergNEF’s (BNEF) new Energy Storage Outlook report predicts that the energy storage market will surge from 9GW of potential capacity and 17GWh of output to more than 1,090GW and 2,850GWh by 2040.
Edie 1st Aug 2019 read more »
Utility scale, rather than behind-the-meter batteries will drive energy storage take-up – Bloomberg u-turn. The analyst has published its latest Energy Storage Outlook report and says large scale deployment will provide the majority of the 1,095 GW/2,850 GWh of battery storage worldwide in 2040, with prices driven down further by grid services demand and EVs.
PV Magazine 1st Aug 2019 read more »