Energy storage outbreak can grow | 2030 capacity will reach 305GWh

According to Bloomberg New Energy, the global energy storage market will have explosive growth between 2016 and 2030, with a six-fold increase in 15 years and a device capacity of 125GW or 305GWh. This growth trajectory will be similar to that of solar power generation between 2000 and 2015 In the past 15 years, the proportion of solar power generation in the world's electricity generation has increased by 7 times.

By 2030, the world's major energy storage market will be headed by eight major countries, namely the United States, China, Japan, India, Germany, the United Kingdom, Australia and South Korea. The total installed capacity of these eight countries will account for the world's total installed capacity 70%.

Bloomberg New Energy believes that grid-level and consumer-type energy storage will provide an indispensable operational flexibility for the power grid in the future and will become more and more integrated with renewable energy sources.