Wood Mackenzie Highlights Six Key Trends in Energy Storage

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Wood Mackenzie highlights 6 key trends to watch in 2020 and beyond

The starting gun has sounded for the global storage market, which is set to grow from approximately 4GW of annual deployments in 2019 to more than 15GW in 2024, according to Wood Mackenzie. Costs have fallen, direct incentives and clean energy targets are proliferating and competitive markets and vertically-integrated electricity providers are beginning to recognise the potential of energy storage. In the next decade, the already consolidating web of manufacturers, developers, investors and integrators will compete for their slice of this burgeoning industry, carving out mature supply chains and propelling cost reductions. As they do, continued policy and regulatory efforts will be key to... ... More: Official Press Release Wood Mackenzie

Keywords:

energy transition, storage, battery, onshore, offshore, grid, trends, resiliency, supply chain, cost reduction, renewable energy