Energy storage: Global capacity predicted to surge by a third every year in 2020s

clock
EDF'S West Burton B battery storage project in Nottinghamshire, one of Europe's largest battery storage projects | Credit: EDF
Image:

EDF'S West Burton B battery storage project in Nottinghamshire, one of Europe's largest battery storage projects | Credit: EDF

The consultancy predicts that US and China will drive global growth in cumulative energy storage capacity, which should top 740GWh by the end of the decade

Energy storage is poised for a decade-defining boom, with capacity set to grow by almost a third worldwide every year in the 2020s to reach around 741GWh by 2030, according to analyst Wood Mackenzie...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports and exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on BusinessGreen

What does the falling pound mean for the green economy?

What does the falling pound mean for the green economy?

BusinessGreen talks to green business and finance experts about how the slump in sterling might impact businesses and investors driving the UK's transition to a low carbon economy

Cecilia Keating
clock 27 September 2022 • 9 min read
Plans advance for Teesside Green Lithium refinery

Plans advance for Teesside Green Lithium refinery

Engineering services company Worley to work with Green Lithium to deliver refinery that aims to produce 50,000 tonnes of battery-grade lithium a year

clock 27 September 2022 • 2 min read
Credit: Centrica Business Solutions

Centrica begins converting former Lincolnshire gas plant into 50MW battery storage facility

Facility to help provide energy storage to support North Lincolnshire's 43 onshore wind farms

clock 27 September 2022 • 2 min read