Strong growth ahead for storage
Annual battery storage installations will exceed 10 GW/28 GWh in 2021, following a particularly strong year in 2020, despite the challenges created by the global pandemic, writes IHS Markit analyst Mike Longson. Combined solar and storage will be a core focus for new deployment in 2021, as the front-of-the-meter and behind-the-meter energy storage markets are both expected to grow significantly in the months ahead.
Large-scale battery deployment was subdued in the first quarter of 2020, but this slowdown was only temporary, as more than 1 GWh was deployed globally in each subsequent quarter. IHS Markit’s latest company and project database report highlighted the fourth quarter in 2020 as a record-breaking period, with more than 2.2 GWh of installations (not …
Advertisement
Advertisement
Advertisement
Advertisement