Current State of Energy Storage 2020 - Technology & Markets

This 2020 SCV Sustainability Chapter video, recorded October 14, 2020, covers the nascent market, major players, utility resource planning, technologies, cumulative capacity by 2030 ...

Website: https://site.ieee.org/scv-sust/

Global energy storage capacity could grow at a CAGR of 31%, recording 741 GWh of cumulative capacity by 2030, according to Wood Mackenzie. Energy storage, still a nascent market, is starting to be part of utility resource planning in tandem with solar or on a stand-alone basis.

Regulations at the federal and state level are making energy storage part of the energy transition and helping replace gas-fired peaker plants. The U.S. maintains pole position and will make up over 49% or 365 GWh of global cumulative capacity by 2030.

This presentation will provide a snapshot of where we are today in energy storage — market dynamics, major players, utility planning, current technologies, and new advanced technologies that aim to compete with the incumbent lithium-ion battery technology.

Eric Wesoff, our speaker, is a prominent industry analyst, writer, consultant, speaker, thought-leader, and expert witness in the renewable energy field. He has expertise in clean technology investing and finance, utility structures and regulatory climate, solar power, energy storage, microgrids, and the electrical grid.