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Energy Storage Market Outlook 2024

Battery Technologies, Grid Integration, and Market Dynamics

In-depth examination of the rapidly transforming energy storage ecosystem, analyzing cutting-edge battery technologies, large-scale grid deployments, and breakthrough market opportunities.

Published May 20, 2024
20 min read
1.8 MB
6 preview pages
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Technology Trends

Energy Storage Market Outlook 2024

Battery Technologies, Grid Integration, and Market Dynamics

May 20, 2024

Executive Summary

Global energy storage markets experience explosive growth as battery costs plummet 90% since 2010, while grid-scale deployments accelerate across continents.

Key Findings

1

Battery storage capacity trajectory indicates 15-fold expansion by 2030

2

Lithium-ion technology maintains robust 8% annual cost decline momentum

3

Grid-scale storage crosses economic viability threshold in major markets

4

Next-generation storage technologies capture increasing market share

Table of Contents

Executive SummaryPage 3
Technology LandscapePage 7
Market DynamicsPage 14
Grid IntegrationPage 21
Regional AnalysisPage 28
Future OutlookPage 35

Methodology

Analysis based on technology cost databases, project pipeline tracking, and interviews with 80+ storage developers and utilities.

Data Sources:

BNEF, GTM Research, EPRI, Wood Mackenzie, Primary Research

About the Author

林志华

Energy Storage Technology Lead

Expert in clean energy markets with 10+ years of industry research experience.

Download Options

Topics Covered

Energy StorageBattery TechnologyGrid IntegrationMarket Trends

Report Details

Category:Technology Trends
File Size:1.8 MB
Pages:~50 pages
Format:PDF

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