Darrell Proctor of Power reports on a new study that forecasts massive increases in energy storage by 2030.
- BloombergNEF projects that energy storage systems and gigawatt capacity around the world will grow significantly by 2030.
- The report estimates that the United States and China will lead the way and remain the two largest energy storage markets, accounting for over half of the global installs over the next decade.
- Private sector innovation and market demands will be a driving force for increased energy storage in the coming decade.
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