In Short : Union Minister Pralhad Joshi stated that India is on track to lead the global energy storage revolution, driven by falling battery costs and robust policy support. With over 200 GW of renewable energy capacity, the country is accelerating deployment of battery and pumped hydro storage systems to support its clean energy goals and […]
COP29 Global Energy Storage and Grids Pledge gains support of 58 nations – EQ
In Short : The COP29 Global Energy Storage and Grids Pledge aims to accelerate the deployment of energy storage systems and modernize power grids to support the transition to renewable energy. This initiative focuses on enhancing grid resilience, enabling renewable integration, and ensuring energy access. It underscores global cooperation to meet climate targets and secure […]
Global energy storage market to reach 500GW by 2031 – EQ Mag Pro
US and China will lead growth while regulatory barriers fail to improve project economics in EU, says WoodMac Cumulative energy storage deployments worldwide are expected to reach 500GW by 2031, according to Wood Mackenzie’s Global Energy Storage Outlook. Europe demand lags behind the US and China, as the region’s grid-scale market struggles to stabilise, with […]
Global Energy Storage invests in low carbon storage at Rotterdam – EQ Mag Pro
Independent energy storage company, Global Energy Storage (GES) is set to buy an interest in part of the assets of Gunvor Group (Gunvor)’s Stargate Terminal. In addition to the deal, GES will develop more than 20 hectares at the port. The development will include a multi-purpose seagoing jetty, in addition to the creation of infrastructure […]
Global Energy Storage Industry Primed to Treble Annual Installations by 2030 Despite Tightening Supply of Li-ion Batteries, IHS Markit Says – EQ Mag Pro
Energy storage market’s rapid expansion is underpinned by ambitious government targets The global energy storage market continues to prove resilient to the impacts of COVID-19 and supply constraints for Li-ion batteries and will enter a prolonged period of growth this year, with annual installations reaching more than 30 GW by 2030 – up 250% from […]
Global Energy Storage Industry Primed to Treble Annual Installations by 2030 Despite Tightening Supply of Li-ion Batteries, IHS Markit – EQ Mag Pro
Energy storage market’s rapid expansion is underpinned by ambitious government targets. The global energy storage market continues to prove resilient to the impacts of COVID-19 and supply constraints for Li-ion batteries and will enter a prolonged period of growth this year, with annual installations reaching more than 30 GW by 2030 – up 250% from […]
Global energy storage capacity to grow at CAGR of 31% to 2030
Wood Mackenzie’s latest report shows global energy storage capacity could grow at a compound annual growth rate (CAGR) of 31%, recording 741 gigawatt-hours (GWh) of cumulative capacity by 2030. Front-of-the-meter (FTM) will continue to dominate annual deployments and will account for up to 70% of annual total capacity additions to the end of the decade. […]
Global energy storage boom gathering speed: report
Big solar, China and home-buyers incentives together heating market expected to be worth $8.4bn in 2025, says IHS Markit Utility-scale solar, China’s mushrooming renewables build-out and new residential incentives are combining to drive an increasingly bullish international energy storage market, according to new figures from IHS Markit, which suggest 4.3GW of grid-connected batteries will deployed […]