Mainland China accounts for most of the global energy storage demand, driven in the near term by regional requirements for new utility-scale wind and solar projects to include energy storage capacity.
We leverage seven global climate models (GCMs) 31 to characterize variations in wind speeds, solar radiation and air temperature under future climate change.
In the five-year period from 2018 to 2023, global renewable energy capacity expanded at a compound annual growth rate (CAGR) of 10.4%. If this historical trend were to continue, it would result in 8.0 TW of installed renewable capacity by 2030 — falling 3.1 TW (or 27.9%) short of
In the five-year period from 2018 to 2023, global renewable energy capacity expanded at a compound annual growth rate (CAGR) of 10.4%. If this historical trend were to continue, it would result in 8.0 TW of installed renewable capacity by 2030
Global renewable energy capacity grew by a record-breaking 15.1% in 2024 to reach 4,448 gigawatts (GW). Around the world, an additional 585 GW of power was added, largely due to solar and wind energy expansion, figures released by the International Renewable Energy Agency (IRENA) show.
The combination of affordable solar and wind energy, supported by flexible grids and storage solutions, is enabling faster decarbonisation and at lower cost than previously imagined.
Comparing the share of global GDP and under-construction projects for G7, China, and the rest of the world illustrates an asymmetry for utility-scale solar and wind projects.
With renewable sources expected to account for the largest share of electricity generation worldwide in the coming decades, energy storage will play a significant role in maintaining the...
Meeting the 3XRenewables by 2030 and Paris Agreement goals require a six-fold increase in global energy storage capacity. Without a global energy storage target, the goals of tripling renewables by 2030 and meeting the Paris Agreement are at risk.
Renewable electricity use in the transport, industry and buildings sectors accounts for more than three-quarters of the overall rise in forecasted global renewable energy demand.
