Energy Storage Boom: Global Growth Rates and New Markets up to 2030

The smarter E Podcast Episode 175 | May 16, 2024 | Language: English

Last year marked a turning point with record additions in the energy storage industry, and the outlook to 2030 is even more impressive. Experts at BloombergNEF forecast annual growth of 27 percent, with annual additions expected to reach 110 GW or 372 GWh by 2030, more than two and a half times the 2023 installations. This momentum is fueled by targeted subsidies and policy reforms that favor energy storage projects. New markets are opening up around the world that are increasingly relying on energy storage solutions to meet their capacity requirements. The Asia-Pacific region in particular, led by China, is seeing strong growth, accounting for almost half of global access. But what is actually happening deep in the West, in South America, but also in Latin America?

We explore this question in this episode with Markus Vlasits, NewCharge Energy and Patricia Tatto, ATA Renewables.

Timeline:

  • 03:13 Overview of the global energy storage market? What are the most important trends and innovations at the moment?
  • 11:27 What is the state of manufacturing in the global energy storage market? How is the market currently structured, how are the locations in Europe and South/Central/North America developing?
  • 23:22 Deep Dive Mexico: How do the political and regulatory frameworks in Mexico influence the energy storage market?
  • 25:17 Deep Dive South America: What are the special features of the energy storage market in South America, particularly in Chile and Brazil?
  • 31:10 Global Technological advances: What new technologies or innovations in energy storage do you find particularly promising?

About The smarter E Podcast

The smarter E podcast is all about the current trends and developments in a renewable, decentralized and digital energy industry. Our moderators Tobias Bücklein and Zackes Brustik welcome and interview personalities who shape our industry and drive developments forward. A new episode is published every Thursday.

Click on the logo to listen to the podcast on the platform of your choice.

About Patrica Tatto and ATA Renewables

With over 15+ years of international experience in renewable energy, Patricia is the Vice President for America at ATA Renewables, a lean and independent renewable energy group with more than 200 GW of expertise in projects worldwide.

ATA provides technical consultancy, construction management, and certification services for wind, solar, storage, and green hydrogen projects, acting as independent guardians of their clients' best interests with a tailor-made approach.

About Markus Vlasits and NewCharge Energie

As Managing Director of NewCharge Energy, Markus has a long history in the photovoltaic sector - he was vice president of Q-Cells in Germany, executive director of Yingli Green Energy of Brazil and co-founder and commercial director of Faro Energy, an investment company focused on photovoltaic projects for commercial clients and industrial. He is Austrian and has lived in Brazil since 2012.

NewCharge Energy develops solutions for power generation and storage and provides solutions for customers in the agricultural, industrial and commercial sectors throughout Brazil. The work ranges from assessing the economic and technical feasibility, selecting suppliers, financial structuring, installation, operation and maintenance of energy storage systems.

Content Partner

Europe’s Largest & Most International Exhibition for Batteries & Energy Storage Systems
Learn more
Further Content
Press Release
Intersolar Mexico, The Green Expo® and Aquatech Mexico will be held simultaneously from september 3rd to 5th, 2024, at Centro Citibanamex, Mexico City.

July 17, 2024

The largest offering of solar, energy storage, environmental management and water solutions and technologies will be presented on a powerful show floor.

Press Release
First day of Intersolar Mexico brings together leading experts at its international conference and exhibits solutions on the show floor for the photovoltaic, solar thermal and energy storage industries.

September 4, 2024

The 5th edition of Intersolar Mexico, the 31st edition of THE GREEN EXPO® and the 8th edition of Aquatech Mexico successfully commenced. These co-located events will run until September 5, 2024, at Centro Citibanamex in Mexico City.

Press Release
Intersolar Mexico, The GREEN Expo® and Aquatech Mexico, the main platform for renewable energy, water and clean technologies, will be held from 3 to 5 september 2024 at Centro Citibanamex.

September 3, 2024

The 5th edition of Intersolar Mexico, the 31st edition of THE GREEN EXPO® and the 8th edition of Aquatech Mexico, to be held simultaneously from 3 to 5 September 2024, at Centro Citibanamex, Mexico City, begin today.

Press Release
Intersolar Mexico 2024 Concludes with Solid Attendance and Unprecedented Industry Collaboration

September 5, 2024

Intersolar Mexico: The International Exhibition and Conference for the Solar Industry has successfully concluded, marking another milestone in the region's renewable energy landscape.

Press Release
Intersolar Mexico presents the program of its international conference to analyze and discuss the challenges of the solar industry towards 2030.

August 19, 2024

The International Conference of the fifth edition of Intersolar Mexico, will be held on September 3 and 4, 2024, at Centro Citibanamex, Mexico City with the participation of specialists from the energy industry, the most important markets and supply chains in the world, focused on the areas of photovoltaic, energy storage and solar thermal energy.

You are using an outdated browser

The website cannot be viewed in this browser. Please open the website in an up-to-date browser such as Edge, Chrome, Firefox, or Safari.