This should jumpstart the learning curve... 2020s will be ramp... storage will really take off in 2030s. Cheap and abundant storage.
The report forecasts that the energy storage industry will experience rapid growth in 2021, with installations reaching over 12 GW – an increase of over 7 GW from 2020. This will mark the start of a period of continued expansion, with annual global installations set to exceed 20 GW in 2024 and 30 GW by 2030.
This robust outlook is underpinned by a growing number of ambitious national energy storage targets linked to strengthened decarbonisation commitments from around the globe. Of particular note is China’s recently announced 30 GW energy storage target by 2025, which will help Asia to account for a growing share of global demand in the coming five years.