Battery storage: 14-fold increase necessary to meet climate goals, says IEA
To triple renewable energy capacity by 2030 energy storage needs to reach 1,500 GW – up from less than 300 GW at present.
Battery storage deployment more than doubled in 2023, yet another 14-fold increase will be necessary for the world to meet 2030 climate goals, according to the International Energy Agency (IEA).
Batteries were one of the fastest-growing clean energy technologies in 2023, with almost 42 gigawatts (GW) of capacity added in power projects alone – up from less than 18 GW in 2022. (In comparison, the wind sector installed 117 GW of new capacity last year: a 50% increase.) At the same time, battery-electric car sales surged from 3 million in 2020 to almost 14 million last year.
