The global energy storage market will double six times between 2016 and 2030, rising to a total of 125 GW/305 GWh, according to a report from Bloomberg New Energy Finance (BNEF). In its “Energy Storage Forecast, 2017-30” report, BNEF says this is a similar trajectory to the remarkable expansion that the solar industry went through from 2000 to 2015, in which the share of photovoltaics as a percentage of total generation doubled seven times.
BNEF expects $103 billion will be invested in energy storage over the forecast period. Eight countries will lead the market, with 70% of capacity to be installed in the U.S., China, Japan, India, Germany, the U.K., Australia and South Korea. However, BNEF forecasts one-fourth of the deployments will take place in the U.S. alone.
Energy storage, both utility-scale and behind-the-meter, will be a crucial source of flexibility throughout this period and will be essential to integrating increasing levels of renewable energy, according to BNEF
Yayoi Sekine, BNEF energy storage analyst and lead author of the report, comments, “The industry has just begun. With so much investment going into battery technology, falling costs and with significant addition of wind and solar capacity in all markets, energy storage will play a crucial part in the energy transformation.”
Input your address to see if it is solar friendly and how much you can save with solar.
Great. Your address is perfect for solar. Solar incentive is still available. Select monthly utility cost and calculate the size of solar system you will need now.
| kw System size | years Payback period | Lifetime savings |
No money down, 100% finance is available.
|
You design, we deliver. Enjoy solar! Get Started |
CompanyAbout Solar QC Contact us Career Promotion Program |
About SolarSolar Beginner 101 Solar QC Blog News Feed FAQ |
How It WorksEasy Step 1234 2 Min Design DIY Price Checker Design DIY |
Installer Sign UpSign up to receive more high quality fresh leads. Sign up now |
|
Go Solar with Solar QC. There’s no need to shop around since Solar QC directs manufacturers to our customers with the best prices in solar industry.
|
Solar InstallerInstaller Review Join Us Finance |
ProductPanel Inverter Racking BOS |
World Class BrandCanadian Solar Solar Edge Dual Rack |
Installer APP DownloadIOS Ipad Android |
Term & Condition• Privacy Policy• Site Map• COPYRIGHT © SOLAR QC 2016 - 2024 TEL:(818) 254-8209
Welcome to the Solar QC Website. This site equips homeowners with information regarding the most effective solar products and provides access to expert solar installers and manufacturers. The information listed in the Terms & Conditions provides a list of the services provided by solarqcgroup.com with specific user obligations in reference to content, conduct, company disclaimers, copyright, and privacy. The Terms & Conditions described are designed to protect the users and solarqcgroup.com. By accessing this website, the user automatically agrees with the content of the Terms & Conditions.
A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
Comments