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Wood Mackenzie, an international market research institution, recently said that the global annual energy storage capacity deployment is expected to be close to 1 TWh
from 2021 to 2030.
The natural resources consultancy has just released its global energy storage outlook, predicting that the U.
S.
and China will account for more than 70%
of total global installed capacity by 2030.
By 2021, WoodMac expects global energy storage installations to reach 12 GW/28 GWh
.
A senior research analyst at the agency said: "The pace of accelerated decarbonization of the power sector in the United States and China is accelerating and laying the foundation
for our global market forecast.
”
Total storage capacity across Asia Pacific is expected to increase by 400 GWh by 2030, with 82% coming from the front-of-meter (FTM) sector
.
In addition, led by Germany and Italy, the deployment in Europe will exceed 100 GWh
.
During this period, global FTM energy storage deployments are expected to exceed 700 GWh, or 73% of new energy storage capacity; China alone will contribute 260 GWh
.
Wood Mackenzie, an international market research institution, recently said that the global annual energy storage capacity deployment is expected to be close to 1 TWh
from 2021 to 2030.
The natural resources consultancy has just released its global energy storage outlook, predicting that the U.
S.
and China will account for more than 70%
of total global installed capacity by 2030.
By 2021, WoodMac expects global energy storage installations to reach 12 GW/28 GWh
.
A senior research analyst at the agency said: "The pace of accelerated decarbonization of the power sector in the United States and China is accelerating and laying the foundation
for our global market forecast.
”
Total storage capacity across Asia Pacific is expected to increase by 400 GWh by 2030, with 82% coming from the front-of-meter (FTM) sector
.
In addition, led by Germany and Italy, the deployment in Europe will exceed 100 GWh
.
During this period, global FTM energy storage deployments are expected to exceed 700 GWh, or 73% of new energy storage capacity; China alone will contribute 260 GWh
.
