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

Green Car Congress

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. trillion of that going to wind and solar and a further $1.5 The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.

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

Green Car Congress

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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Solar + wind now make up more than 20% of US electrical generating capacity

Baua Electric

Photo by Amol Mande on Pexels.com Solar and wind now make up more than 20% of total US electrical generating capacity, according to new data from the Federal Energy Regulatory Commission (FERC). The renewable energy mix – biomass, geothermal, hydropower, solar, and wind – is now nearly 30% of total US electrical generating capacity.

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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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US solar and wind growth defies expectations – a decade in numbers

Baua Electric

Photo: Primergy The latest US EIA and FERC data reflect a decade of explosive solar and wind growth – here’s how it breaks down. The installed US generating capacity mix of all renewable energy sources (i.e., biomass, geothermal, hydropower, solar, and wind) now totals 389 gigawatts (GW). GW vs. wind: 98.86 GW vs. 61.45

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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.

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Solar, wind to lead US power generation growth for the next 2 years

Baua Electric

The US Energy Information Administration (EIA) forecasts that solar and wind will lead US power generation growth for the next two years in its latest Short-Term Energy Outlook. The EIA also expects wind power generation to grow 11% from 430 billion kWh in 2023 to 476 billion kWh in 2025. Get started here. –ad*

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