Global energy storage installations will multiply exponentially, from a modest 9 GW / 17 GWh deployed as of 2018 to 1,095 GW / 2,850 GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). This 122-fold boom of stationary energy storage over the next two decades will require $662 billion of investment,…
Portland General Electric proposes more renewables & battery storage
Portland General Electric (PGE) presented a new integrated resource plan to the Oregon Public Utility Commission for approval. The plan focuses on adding more renewable power, capturing more energy efficiency, and strengthening partnerships with customers to help balance energy supply and demand during periods of peak energy use. “This is the first resource plan developed since…
Global battery storage market to reach $13.13bn by 2023, says GlobalData
The global battery energy storage market is forecast to grow to $13.13bn by 2023. Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023, according to GlobalData, a data and analytics company. The company’s latest report Battery Energy Storage Market, Update 2019 reveals that the fall in…