Sources and links on page 93 (4)
Links embedded in the original report PDF, including citations and other references. These destinations have not been independently reviewed. Links open in a new tab.
- https://www.dlapiper.com/en/uk/insights/publications/2022/08/the-clean-energy-provisions-of-the-inflation-reduction-act-of-2022/
- https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal/repowereu-affordable-secure-and-sustainable-energy-europe_en
- https://about.bnef.com/blog/global-energy-storage-market-to-grow-15-fold-by-2030/
- https://www.woodmac.com/news/opinion/global-energy-storage-staggering-growth-continues--despite-bumps-in-the-road/
Text on page 93
US and China remain the largest ESS markets. Major policies such as Inflation Reduction Act (IRA) and RePowerEU+ stimulate ESS market growth
IRA drives development of 111 GWh (30 GW) of energy storage from 2022 to 2030, 15X the installed capacity of 2021
Grid-scale ESS installations dominate the storage capacity, with steady growth of behind-the-meter markets Li-ion-based (particularly LFP) ESS is likely to dominate for the next decade due to price competitiveness, while emerging non-Li-ion technologies progress towards demonstrations/commercialization for utility markets Industry: Technology Applications Source: BloombergNEF (Oct 2022), Wood Mackenzie (July, 2022)
Volta Foundation
Extracted from the PDF; charts and images may read imperfectly.
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