October 8, 2020
Global storage heading to 741 GWh by 2030, WoodMac projects, amid ongoing challenges
Global energy storage capacity could amount to 741 GWh by the end of the decade, representing a 31% compound annual growth rate, analysis from Wood Mackenzie has found — and the U.S. could make up nearly half of that. The average cost of lithium-ion battery cells is expected to drop during that timeframe, according to IHS Markit, falling below $100 per kWh in the next three years and potentially dipping to as low as $73 per kWh by the end of the decade.
