Like solar photovoltaic (PV) panels a decade earlier, battery electricity storage systems offer enormous deployment and cost-reduction potential, according to this study by the International Renewable Energy Agency (IRENA).
The International Energy Outlook (IEO) presents the U.S. Energy Information Administration''s (EIA) assessment of the outlook for international energy markets.
Batteries need to lead a sixfold increase in global energy storage capacity to enable the world to meet 2030 targets, after deployment in the power sector more than doubled last year, the IEA...
The IEA''s flagship World Energy Outlook, published every year, is the most authoritative global source of energy analysis and projections. It identifies and explores the biggest trends in
The global battery storage capacity must increase six-fold by 2030 – this is the main message of the International Energy Agency''s (IEA) Special Report, Batteries and Secure Energy Transitions, published in April.
Global installed energy storage capacity by scenario, 2023 and 2030 - Chart and data by the International Energy Agency.
This study was prepared by the World Energy Outlook (WEO) team in the Directorate of Sustainability, Technology and Outlooks (STO) in co-operation with other directorates and offices of the International Energy Agency (IEA).
Global installed energy storage is on a steep upward trajectory. From just under 0.5 terawatts (TW) in 2024, total capacity is expected to rise ninefold to over 4 TW by 2040, driven by battery energy storage systems (BESS).
By the reckoning of the International Energy Agency (iea), a forecaster, grid-scale storage is now the fastest-growing of all the energy technologies.
The IEA forecasts a rapid increase in the global deployment of battery storage, supported by falling costs and increasing government support. Under a Stated Policies Scenario, total global installed BESS is forecast to increase from 86 GW in 2023 to over 760 GW in 2030.
