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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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Hitachi ABB Power Grids launches EV charging system for large-scale e-mobility: Grid-eMotion Fleet

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Hitachi ABB Power Grids has launched Grid-eMotion Fleet, a scalable, modular and fully customizable solution for large-scale EV charging of smart public and commercial transport. Grid-eMotion Fleet comes in standard containers that integrate the grid connection and charging systems.

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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). Global cumulative energy storage installations. Source: BloombergNEF.

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IDTechEx forecasts second-life EV battery market to reach US$7B by 2033

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IDTechEx forecasts that the second-life EV battery market will reach US$7B in value by 2033. This brings value to cross-sector stakeholders, including EV/battery manufacturers, EV customers, utilities, grid operators, energy companies, and electricity consumers.

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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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Installed revenue by ESG technology, worldwide. In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. Electric grids require balance in order to function properly. Click to enlarge. Earlier post.).

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These 10 U.S. states have the most battery storage capacity installed

Teslarati

Installation of large-scale energy storage systems is expected to continue increasing in the U.S. energy storage system deployment is expected to nearly double in 2024, with battery capacity forecasted to grow by 89 percent. GW (7,302 MW) of battery capacity installed. As of November 2023, two U.S. territory of Puerto Rico.

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In a milestone, the US exceeds 5 million solar installations

Baua Electric

Photo by RAZE Solar on Unsplash The US has now officially surpassed 5 million solar installations, a significant landmark in its shift toward clean energy, according to data released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. Solar arrays have been installed on homes and businesses and as utility-scale solar farms.