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

Green Car Congress

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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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. These players have generally been focused on behind-the-meter installations. However, IDTechEx has observed that the US and Europe are key regions with players making great advancements in deploying second-life BESS.

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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.

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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. The post These 10 U.S.

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US renewables’ installed generating capacity beats coal

Baua Electric

Photo by Los Muertos Crew on Pexels.com Solar capacity additions hit the ground running in 2024, pushing renewables’ installed generating capacity past coal, according to new US Federal Energy Regulatory Commission (FERC) data. That’s more than the installed capacity of coal (207.15 Installed utility-scale solar capacity (104.61

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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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Why US community solar is forecast to more than double by 2027

Electrek

gigawatts (GW) of community solar installed in the US through the second quarter of 2022, and at least 7 gigawatts of community solar are expected to come online in the US in the next five years, according to new research released by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA). There are currently 4.9

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