BNEF Forecasts Big Things For Booming Energy Storage Market

by | Nov 6, 2018 | Blog posts, Industry News

Citing the tumbling cost of batteries, a new report from Bloomberg NEF (BNEF) says the global energy storage market, excluding pumped hydro, is expected to attract $1.2 trillion in investment from now until 2040.

BNEF has significantly increased its forecast for the global deployment of behind-the-meter (BTM) and grid-scale batteries over the coming decades. The research organization says the global energy storage market is set to grow to a cumulative 942 GW/857 GWh over the next 22 years… read more

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