World : Battery storage to become $1.2trn market, with Australia leading the way

Australia is set to lead the global energy storage boom, which according to a report by Bloomberg New Energy Finance (BNEF) will grow to a $1.2trn industry.

The global energy storage market is set to draw in $1.2trn investment by 2040 and the cost of batteries is also set to significantly decrease.

The report, entitled the Long-Term Energy Storage Outlook, predicts a strong uptake of stationary energy storage, thanks to households trying to maximise solar self-generation and networks working to balance increasingly renewable grids.

 

Source : https://www.energydigital.com/sustainability/battery-storage-become-12trn-market-australia-leading-way

Smart Grid Bulletin December 2018


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