|October 28, 2021
As energy transition took the world by storm, renewable energy capacity has been growing rapidly worldwide. In 2020, global cumulative installed solar energy capacity exceeded 700 GW, and the figure is expected to surpass 3,000 GW by 2030. However, the intermittent and unstable nature of renewables brought huge impacts to traditional grids, such as demand of feeders, electricity dispatch, voltage and frequency control, which will all intensify, as shares of renewables increase. To solve these issues, energy storage is the best solution, which has thus metamorphosed from the bench player as it was previously perceived, into an indispensable feature in the renewable energy industry.
Bullish growths in electrochemical energy storage and solar-plus-storage markets by 2030
Demand for energy storage has emerged in many regions around the world, either from a policy or an application perspective. This can be attributed to four reasons. Firstly, energy storage is a rigid demand and can directly regulate the grid and power stations. Secondly, energy storage systems can raise power usage effectiveness and solve wind and solar curtailments. The third reason is the flexibility of installing energy storage systems, which can be integrated with either centralized or distributed stations, and from FTM to BTM-Residential. Finally, supports from governmental policies.
Against this backdrop, InfoLink Consulting analyzes and provides forecast for key solar-plus-storage developing countries, and specifically their FTM, BTM-C&I, and BTM-Residential markets, following by the assessment of solar-plus-storage LCOE and major manufacturers in the supply chain.
Global electrochemical energy storage market size will reach 1,000 GWh by 2030, 30 times the levels in 2020, projected InfoLink Consulting. In the meantime, the application of solar-plus-storage will rise to nearly 50% from the pre-2020 single-digit level and see 400 GWh of market size.
To learn more about the developments of solar-plus-storage market in the U.S., China, the EU, Japan, and Australia, join InfoLink webinar on “Net Zero Future: Solar, Wind, ESS, and Carbon Policy and Market Developments” Nov. 18!
With our motto “Link the Value for you” in mind, InfoLink Consulting wishes to convene industry leaders, experts, manufacturers across supply chains, power station businesses, and industrial associations, to explore together the future of solar power, wind power, energy storage, and green technology roadmap.
Global market of solar-plus-storage: updates and prospects
Analysis of four offshore wind hubs in Asia Pacific
Carbon emission and carbon footprint calculation
PV supply chain analysis, technology roadmap, price forecast
Date: November 18, 2021
Time: 08:00-10:30 EST (New York) | 14:00-16:30 CET (Germany) | 21:00-23:30 CST (Beijing)
＊Please note, this webinar will be in English
There will be a 15-min Q&A session at the end of the presentation by Judy Chao, and another 15-min Q&A at the end of this webinar, where the speakers will answer a few questions that have been submitted during the webinar through a chat window.
Please note that we will not have time to answer all of the questions sent in.