In order for electric vehicles, renewable energy, the internet of things, and expanding rural electrification to move online in the near future, energy storage solutions (i.e., batteries) will be needed to ensure renewable energy generation is readily available when the sun is not shining, and the wind is not blowing.
It is anticipated that the global demand for battery capacity will increase by a significant measure from present levels to over 2 TWh in 2030.1
The majority of this capacity will be rolled out in electric vehicle fleets, the relative charging infrastructure, the internet of things, mobile devices, and large-scale long-duration storage that will be crucial to securing the grid, time-shifting renewable solar and wind generation, and reinforcing key infrastructure to protect against disaster and outages related to climate change.
Image Credit: Shutterstock/ Black_Kira
References
- https://www.statista.com/statistics/1103218/ global-battery-demand-forecast/
This information has been sourced, reviewed and adapted from materials provided by Asylum Research - An Oxford Instruments Company.
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