The Department of Energy writes on CleanTechnica that grid-scale U.S. energy storage capacity could grow five-fold by 2050.
- A new study by the National Renewable Energy Lab (NREL) has projected that grid-scale energy storage could grow exponentially in the United States in the coming years.
- This growth in energy storage will be driven by a variety of factors including market forces and innovation.
- This report highlights the importance of private-sector leadership in order to advance clean energy.
“Across all scenarios in the study, utility-scale diurnal energy storage deployment grows significantly through 2050, totaling over 125 gigawatts of installed capacity in the modest cost and performance assumptions — a more than five-fold increase from today’s total. Depending on cost and other variables, deployment could total as much as 680 gigawatts by 2050.”
Read the full article here.