This is according to the latest forecast from research company BloombergNEF (BNEF), which estimates that this boom in stationary energy storage will require more than $262 billion of investment.
BloombergNEF’s 2021 Global Energy Storage Outlook estimates that 345GW/999GWh of new energy storage capacity will be added globally between 2021 and 2030, which is more than Japan’s entire power generation capacity in 2020.
The US and China are the two largest markets, representing over half of the global storage installations by 2030. The clean power ambitions of state governments and utilities propel storage deployment in the US. In China, the ambitious installation target of 30GW of cumulative build by 2025 and stricter renewable integration rules boost expected storage installations.
