BNEF: Global battery storage capacity to grow 20 times over by 2030

BNEF: Global battery storage capacity to grow 20 times over by 2030

17th November 2021 Energy Storage 0

Bloomberg NEF (BNEF) has released new battery energy storage forecasts, predicting a twenty-fold increase in grid-scale and domestic-scale battery capacity by the end of this decade that would push capacity beyond 1TWh.

The organisation’s 2021 edition of the Global Energy Storage Outlook, published this week, forecasts that the global market for grid-scale and smaller batteries – excluding those in electric vehicles (EVs) – will attract at least $262bn of capital investment by the end of the decade.

Source: BNEF: Global battery storage capacity to grow 20 times over by 2030 (edie.net)