Energy storage capacity spending to increase six-fold by '24
New research from Bloomberg New Energy Finance(BNEF) forecasts massive growth in the energy storage market, first in utilities and then in corporations seeking to reduce their overhead costs.
The "Global Energy Storage Forecast, 2016-2024" shows that the annual investment in energy storage systems will increase six-fold to $8.2 billion in 2024. Over the same period, about 45 billion watts (81 gigawatt hours/GWh) of energy storage capacity will be installed globally, excluding pumped hydroelectric systems. The top five markets are Japan, India, the United States, Chin, and Europe; they represent 71% of the global total for storage installed in 2024.
The "Global Energy Storage Forecast, 2016-2024" shows that the annual investment in energy storage systems will increase six-fold to $8.2 billion in 2024. Over the same period, about 45 billion watts (81 gigawatt hours/GWh) of energy storage capacity will be installed globally, excluding pumped hydroelectric systems. The top five markets are Japan, India, the United States, Chin, and Europe; they represent 71% of the global total for storage installed in 2024.
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via Computerworld.com
