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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). BNEF has more than doubled its estimates for energy storage deployments from 2025 to 2030 across Europe from previous forecasts.

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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). In the near term, renewables-plus-storage, especially solar-plus-storage, has become a major driver for battery build.

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IBM introduces new wind and solar forecasting system for utilities; big data analytics and weather modeling to predict output

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IBM has developed an advanced power and weather modeling technology that will help utilities increase the reliability of renewable energy resources. The solution combines weather prediction and big data analytics to forecast accurately the availability of wind power and solar energy.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Demand for lithium ion batteries is forecast to grow to 3.7 The amount is just a fraction of the estimated $35 trillion needed to be spent on the energy transition by 2030, according to the International Renewable Energy Agency. This includes spending on renewables such as wind and solar as well as grid and other infrastructure.

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IBM Research launches 10y project to support China in transforming national energy systems; “Green Horizon”

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IBM Research is launching a 10-year project to support China in transforming its national energy systems and protecting the health of citizens. China has made great achievements and contributed much to the world’s economic growth over the past 30 years. Chien, Chairman and CEO, IBM Greater China Group. —D.C.

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. Production rose by 56 mtoe in China and 23 mtoe in the US.

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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

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billion by 2023, according to a new forecast by GlobalData. Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. The global battery energy storage market will to grow to $13.13 APAC will continue to be the largest market, reaching $6.05