26 Nov '17, 4pm

Global Energy Storage to Double 6 Times by 2030, Matching Solar’s Spectacular Rise https://t.co/OeVJvGuIaS

The energystorage industry is set to rise dramatically -- for those companies that can play the long game. Bloomberg New Energy Finance released a report Tuesday that forecasts the global energy storage market will “double six times” from now to 2030, from a meager starting point of less than 5 gigawatt-hours last year, to more than 300 gigawatt-hours and 125 gigawatts of capacity by the end of the next decade. An estimated $103 billion will be invested in energy storage over that time period. The trajectory for energy storage mirrors the market expansion that solar went through from 2000 to 2015, when the share of solar PV as a percentage of total generation doubled seven times. This rapid global growth rate tracks well with the U.S. energy storage market forecast from GTM Research , which projects a twelvefold growth in the U.S. alone between 2016 and 2022, to reach 7.2 ...

Full article: https://www.greentechmedia.com/articles/read/global-energ...

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