Terawatt-hour of energy storage by 2030: BloombergNEF forecasts boom in installations
The 2020s are “the energy storage decade,” and the world will surpass a terawatt-hour of installations by the time they are over, according to predictions made by analysts at BloombergNEF. It’s the rapid evolution of battery tech which drives the energy storage market.Batteries will dominate over non-electrochemical storage technologies that could theoretically offer practical solutions to the question of storing energy for longer durations, BloombergNEF said, at least until the 2030s.
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