New Energy Outlook 2019: Data Viewer
This workbook contains full regional and sector data from our New Energy Outlook (NEO) 2019. There is one tab for charts and one for data tables. Selections can be made by choosing sectors and countries from the drop
2H 2023 Energy Storage Market Outlook
Global energy storage''s record additions in 2023 will be followed by a 27% compound annual growth rate to 2030, with annual additions reaching 110GW/372GWh, or 2.6 times expected 2023 gigawatt installations. Targets and subsidies are translating into project development and power market reforms that favor energy storage.
Energy Storage Investments Boom As Battery Costs Halve
BNEF''s Energy Storage Outlook 2019, published today, predicts a further halving of lithium-ion battery costs per kilowatt-hour by 2030, as demand takes off in two different markets – stationary storage and electric vehicles. The report goes on to model the impact of this on a global electricity system increasingly penetrated by low-cost
2019 Long-Term Energy Storage Outlook
The global energy storage market will grow to a cumulative 1,095GW/2,850GWh by 2040 from 9GW/17GWh in 2018, attracting $662 billion in investment over this period. Cheaper batteries are enabling usage in more applications, including
1H 2023 Energy Storage Market Outlook
Energy storage hit another record year in 2022, adding 16 gigawatts/35 gigawatt-hours of capacity, up 68% from 2021. Beyond record additions, several markets announced ambitious energy storage targets totaling more than 130GW by 2030, although BloombergNEF remains cautious on its impact on forecast demand given the lack of policy
BNEF revises forecast for global investment in energy storage
BNEF''s Energy Storage Outlook 2019, published today, predicts a further halving of lithium-ion battery costs per kilowatt-hour by 2030, as demand takes off in two different markets – stationary storage and electric vehicles.
1H 2019 Energy Storage Market Outlook
Annual energy storage deployments doubled from 2017 to 2018, and we expect them to nearly double again in 2019. Government support in Korea has created a booming domestic market, but one in danger of being undermined by fire incidents in the
2H 2023 Energy Storage Market Outlook
Global energy storage''s record additions in 2023 will be followed by a 27% compound annual growth rate to 2030, with annual additions reaching 110GW/372GWh, or 2.6 times expected 2023 gigawatt installations.
Bloomberg New Energy Outlook 2019: The future of the energy
Bloomberg New Energy Finance (BNEF) held its annual New Energy Outlook (NEO) presentation on 26 June 2019. The NEO report is BNEF''s annual economic forecast for the world''s power mix to 2050, and was published on 18 June 2019 .
New Energy Outlook 2019: Data Viewer
This workbook contains full regional and sector data from our New Energy Outlook (NEO) 2019. There is one tab for charts and one for data tables. Selections can be made by choosing sectors and countries from the drop-down lists at the top of these
2019 Long-Term Energy Storage Outlook
The global energy storage market will grow to a cumulative 1,095GW/2,850GWh by 2040 from 9GW/17GWh in 2018, attracting $662 billion in investment over this period. Cheaper batteries are enabling usage in more applications, including for energy
1H 2019 Energy Storage Market Outlook
Annual energy storage deployments doubled from 2017 to 2018, and we expect them to nearly double again in 2019. Government support in Korea has created a booming domestic market, but one in danger of being undermined by fire
6 FAQs about [Bnef energy storage outlook 2019 Svalbard and Jan Mayen]
How big will energy storage be in 2040?
London and New York, July 31, 2019 – Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF).
What is BNEF & why is it important?
The total demand for batteries from the stationary storage and electric transport sectors is forecast to be 4,584GWh by 2040, providing a major opportunity for battery makers and miners of component metals such as lithium, cobalt and nickel. BNEF’s definition includes stationary batteries used in eight applications.
What is BNEF's NEO report?
The NEO report is BNEF’s annual economic forecast for the world’s power mix to 2050, and was published on 18 June 2019. It was developed over nine months through a collaboration of more than 65 market and technical experts from BNEF’s 11 offices around the world.
Is BNEF achieving a 2°C decarbonisation target?
Renewable energy sources are predicted to expand by more than 150% in the BNEF NEO, but Giannakopoulou stated that this progression was still “nowhere close” to achieving the 2°C decarbonisation target.
Which countries are promoting energy storage?
Japan’s federal and local governments announced annual subsidy programs for utility-scale batteries, while South Korea set a 25GW/127GWh storage target by 2036. India is taking steps to promote energy storage by providing funding for 4GWh of grid-scale batteries in its 2023-2024 annual expenditure budget.
How is India promoting energy storage?
India is taking steps to promote energy storage by providing funding for 4GWh of grid-scale batteries in its 2023-2024 annual expenditure budget. BloombergNEF increased its cumulative deployment for APAC by 42% in gigawatt terms to 39GW/105GWh in 2030.