Global energy storage market set to grow 20X by 2030; will hit 1 TWh

By wpafzjp The U.S. and China will lead, claiming over half of the global installations by the end of this decade, according to a new outlook by Bloomberg New Energy Finance (BNEF).

According to the latest outlook from Bloomberg New Energy Finance (BNEF), energy storage installations — which BNEF defines as stationary batteries used in ancillary services, energy shifting, transmission and distribution grids investment deferral, customer-sited, and other applications but does not include pumped hydro storage — will reach a cumulative 358 gigawatts/1,028 gigawatt-hours by the end of 2030, more than twenty times larger than the 17 gigawatts/34 gigawatt-hours online at the end

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