BNEF: Energy storage to surge past 1,000GW worldwide by 2040 as costs halve

Michael Holder
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The battery system at the Pen y Cymoedd wind farm in Wales | Credit: Vattenfall/Steve Pope
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The battery system at the Pen y Cymoedd wind farm in Wales | Credit: Vattenfall/Steve Pope

Expectations for stationary energy battery storage market continue to surge, as influential analyst house revises up deployment forecasts

The global stationary energy storage market is set for surging growth over the next two decades, as sharp declines in lithium-ion battery costs and rising demand for wind and solar power drives capacity...

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