Executive summary – Batteries and Secure Energy Transitions –
To triple global renewable energy capacity by 2030 while maintaining electricity security, energy storage needs to increase six-times. To facilitate the rapid uptake of new solar PV and wind,
Outlook for battery demand and supply – Batteries and
Batteries account for 90% of the increase in storage in the Net Zero Emissions by 2050 (NZE) Scenario, rising 14-fold to 1 200 GW by 2030. This includes both utility-scale and behind-the-meter battery storage. Other storage technologies
Global Energy Perspective 2023: Hydrogen outlook
The Global Energy Perspective 2023 models the outlook for demand and supply of energy commodities across a 1.5°C pathway, aligned with the Paris Agreement, and four bottom-up energy transition scenarios. These
Global Renewables Outlook: Energy Transformation 2050
energy investments could align with global climate goals. The time has come to invest trillions, not into fossil fuels, but into sustainable energy infrastructure. Recovery measures could help to
How battery energy storage can power us to net zero
The use of battery energy storage in power systems is increasing. But while approximately 192GW of solar and 75GW of wind were installed globally in 2022, only 16GW/35GWh (gigawatt hours) of new storage
Energy 2050: Insights from the ground up | McKinsey
With that in mind, McKinsey took a hard look at the data, modeling energy demand from the bottom up, by country, sector, and fuel mix, with an analysis of current conditions, historical data, and country-level
New Energy Outlook 2024 | BloombergNEF | Bloomberg Finance LP
The New Energy Outlook presents BloombergNEF''s long-term energy and climate scenarios for the transition to a low-carbon economy. Anchored in real-world sector and country transitions,
Global installed energy storage capacity by scenario,
GW = gigawatts; PV = photovoltaics; STEPS = Stated Policies Scenario; NZE = Net Zero Emissions by 2050 Scenario. Other storage includes compressed air energy storage, flywheel and thermal storage. Hydrogen
The Future of Energy Storage | MIT Energy Initiative
MITEI''s three-year Future of Energy Storage study explored the role that energy storage can play in fighting climate change and in the global adoption of clean energy grids. Replacing fossil fuel-based power generation with power