Wind power pv cost declining power energy storage market development

According to bloomberg new energy ( BNEF) Latest forecasts, in 2020, the global energy storage size is expected to be 9 gw / 17 GWH, energy storage capacity in the asia-pacific region accounts for about 45% of the global total, Europe, Middle East, Africa, installed capacity in total will account for about 29%, and the americas energy storage capacity is approximately 26%. And this number will grow in 2040 to 1095 gw / 2850 GWH, achieve 122 times the growth, and then fixed storage and the transportation departments of electric power to the battery of total demand is expected to reach 4584 GWH

in the next 20 years, 122 double long storage growth will need $662 billion of investment, energy storage investment will exceed $40 billion in 2040. Global power system more and more affected by the low cost of wind and solar energy, global energy storage capacity of the first to reach 100 gw in 2025, by 2040 will reach 942 gigawatts (gw), and will appeal to 1. The $2 trillion investment.

because of the cost of the wind power, solar energy and energy storage technology has fallen dramatically, by 2050 nearly half of global power will be rapid development of the two kinds of renewable energy supply. BNEF long-term outlook of the new energy market in 2019, 2019年新能源前景,NEO) Report said that about two-thirds of the area in the whole world, the wind or solar has is the lowest price of the new power supply.

global electricity demand is expected to increase 62%, caused power installed scale in almost tripled between 2018 and 2050. This will lead to 13. 3 trillion dollars of new investment, including five. Wind power investment and 4 3 trillion. 2 trillion pv investment. In addition to the new power generation assets, $840 billion will be in energy storage, 11. 4 trillion will be used to the expansion of the power grid infrastructure.

by analyzing the technology trends and the development of fuel electric power industry research on the price of the lowest cost path, the results show that by 2050, the coal and electricity generation in the proportion of the power system in the world will be dropped from the current 37% to 12%, at the same time, oil generation will largely disappeared; Wind power and solar power generation proportion will increase from the current 7% to 48%; Water and electricity, gas power and nuclear power market share is roughly the same.

power system and the transportation industry is undergoing a fundamental transformation. Declining of wind, solar and battery costs means that by the year 2040, wind power and photovoltaic power generation output accounts for nearly 40% of the world's electricity demand, and now only less than 7%. At the same time, the electric passenger cars by 2040 could account for one-third of global passenger car market, and now is less than 0. 5%, which will bring huge development scale energy storage industry.

at present, renewable energy, especially solar energy storage, energy storage industry construction is the main power. New contract between developers and power grid structure is strongly suggested that a new era of renewable sources of energy must be schedulable. Energy storage generally applied to the energy transfer, usually from solar and wind power surplus in need in a timely manner to receive extra electricity grid, reaches its peak in the large capacity of power system, as well as the hope that through in low price to save electricity purchase customers energy costs. Analysis shows that will be used in more and more application cheaper energy storage devices.

markets that need to balance by energy storage power system in a higher proportion of unstable renewable energy generation, energy storage will become the new power or power to strengthen a practical alternative. Demand for energy storage devices, will bring important to industry growth opportunities.