• 2 months ago
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Global energy storage is estimated to grow 15-fold by 2030. But can supply chain constraints meet rising demand?

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Transcript
00:00Global energy storage is projected to grow 15-fold by 2030.
00:07According to Bloomberg-Neff, the anticipated acceleration of the U.S. market follows the
00:13passage of the Inflation Reduction Act in August of 2022, since a lot of money was then
00:19allocated to wind, solar, and storage tax credits.
00:23While the new tax credit policy supports more growth, supply chain constraints, cloud deployment,
00:30until 2024.
00:32Russia's invasion of Ukraine has had a clear impact on energy storage deployments in Europe.
00:37Plus, the world is still dealing with pandemic-related supply chain issues.
00:41Tack that onto inflation, high transport costs, and raw material prices making battery cells
00:46more expensive over the last year.
00:49The U.S. and China continue to be the two largest markets for energy storage, representing
00:54over half of global installations by the end of this decade.
00:59For more UN videos visit www.un.org

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