Global industrial energy storage is projected to grow 2.6 times, from just over 60 GWh to 167 GWh in 2030. The majority of the growth is due to forklifts (8% CAGR). UPS and data centers show moderate growth (4% CAGR) and telecom backup battery demand shows the lowest growth level (2% CAGR) through 2030.
This paper explores the uncertainty around natural gas using insights from the scenarios underpinning the World Energy Outlook 2022, as well as a selection of other global scenario-based assessments. Published April 2023. Licence CC BY 4.0. Outlooks for gas markets and investment - Analysis and key findings. A report by the International …
Moreover, falling costs for batteries are fast improving the competitiveness of electric vehicles and storage applications in the power sector. The IEA''s Special Report on Batteries and Secure Energy Transitions highlights the key role batteries will play in fulfilling the recent 2030 commitments made by nearly 200 countries at COP28 to put the ...
The aim of SDG 7 is to "ensure access to affordable, reliable, sustainable, and modern energy for all.". This report thus summarizes global progress on energy access, energy efficiency, renewable energy, clean cooking, and international cooperation to advance SDG 7. It presents updated statistics for each of the indicators and provides ...
Even with near-term headwinds, cumulative global energy storage installations are projected to be well in excess of 1 terawatt hour (TWh) by 2030. In this report, Morgan …
Global energy investment is set to exceed USD 3 trillion for the first time in 2024, with USD 2 trillion going to clean energy technologies and infrastructure. Investment in clean …
Clean energy is growing rapidly, as annual deployment of a number of key technologies has accelerated in recent years driven by policy support and continued cost declines. From 2019 to 2023, clean energy investment increased nearly 50%, reaching USD 1.8 trillion in 2023 and growing at around 10% per year across this period.
Clean energy investment is – finally – starting to pick up and is expected to exceed USD 1.4 trillion in 2022, accounting for almost three-quarters of the growth in overall energy investment. The annual average growth rate in clean energy investment in the five years after the signature of the Paris Agreement in 2015 was just over 2%.
Batteries in electric vehicles (EVs) are essential to deliver global energy efficiency gains and the transition away from fossil fuels. In the NZE Scenario, EV sales rise rapidly, with demand for EV batteries up sevenfold by 2030 and displacing the need for over 8 million barrels of oil per day. Batteries in EVs and storage applications ...
Global energy investment is set to exceed USD 3 trillion for the first time in 2024, with USD 2 trillion going to clean energy technologies and infrastructure. Investment in clean energy has accelerated since 2020, and spending on renewable power, grids and storage is now higher than total spending on oil, gas, and coal.
The usual long-term modelling horizons are kept but the focus for the World Energy Outlook 2020 is firmly on the next 10 years, exploring in detail the impacts of the Covid-19 pandemic on the energy sector, and the near-term actions that could accelerate clean energy transitions. The analysis targets the key uncertainties facing the …
According to recent analysis from the Fraunhofer Institute for Solar Energy (Fraunhofer ISE), the installed base of battery storage close to doubled last year, going from …
Such initiatives have led to a surge in Indian clean energy investment in recent years. Spending reached USD 68 billion in 2023, up by nearly 40% from the 2016-2020 average. Almost half of this was devoted to low-emissions power generation, which includes solar PV. Fossil fuel investment grew by 6% over the same period to reach USD 33 billion ...
In 2022, Hungary''s energy policy strategy focuses on strengthening the country''s energy independence. Russia''s invasion of Ukraine in February 2022 has created a new set of energy security challenges in Europe. In response, Hungary declared a state of energy emergency on 13 July 2022.
The structure of this year''s WEI 2023 is as follows: In Chapter 1 we present the overview and key findings. Chapter 2 covers the power sector, while Chapter 3 reviews the latest developments and trends in fuel supply investment. Chapter 4 deals with investment in energy efficiency and the end-use sectors, and Chapter 5 brings insights on ...
Investment in grid-scale battery storage, 2012-2019 - Chart and data by the International Energy Agency. ... Get updates on the IEA''s latest news, analysis, data and events delivered twice monthly. Subscribe View sample Explore our other newsletters Browse ...
Clean energy investment is – finally – starting to pick up and is expected to exceed USD 1.4 trillion in 2022, accounting for almost three-quarters of the growth in overall energy investment. The annual average growth rate in …
See, for example, analysis on equity IRRs for renewable power projects in India in Clean Energy Investment Trends 2020. An updated version of this report will be released in December 2021. In China, state-owned enterprises – which can generally raise funds at lower cost than private companies – play an especially important role in heavy …
Based on the latest available data, the International Energy Agency''s World Energy Investment 2020 provides a unique and comprehensive perspective on how energy capital flows are being …
Overview. The World Energy Investment 2024 datafile includes world and regional investment data for supply (fossil fuels, renewables, electricity networks, other) and end-use (energy efficiency, renewables and other). Learn more about this data.
Actual capacity is only around 40 Mt – just 13% of the target. Investment in CCUS has also fallen well behind that of other clean energy technologies. Annual investment in CCUS has consistently accounted for less than 0.5% of global investment in clean energy and efficiency technologies (IEA, 2020b).
About this report. This year''s edition of the World Energy Investment report presents the latest data and analysis of how energy investment flows are recovering from the shock of the Covid-19 pandemic, including full-year estimates of the outlook for 2021. It examines how investors are assessing risks and opportunities across …
Comparing our estimates for 2023 with the data for 2021, annual clean energy investment has risen much faster than investment in fossil fuels over this period (24% vs 15%). Our new analysis highlights how the period of intense volatility in fossil fuel markets caused by the Russian Federation''s (hereafter "Russia") invasion of Ukraine has ...
World Energy Investment 2023 P AGE | 6 Introduction A turning point for energy investment? This new World Energy Investment 2023 2023) report is the (WEI eighth …
The integration of renewable energy with energy storage became a general trend in 2020. With increased renewable energy generation creating pressure on the …
World Energy Investment 2023 P AGE | 9 Overview and key findings Increases across almost all categories push anticipated spending in 2023 up to a record USD 2.8 trillion Energy-sector investment, 2019-2023e IEA. CC BY 4.0. Notes: "Low-emission fuels ...
Investment in clean energy has accelerated since 2020, and spending on renewable power, grids and storage is now higher than total spending on oil, gas, and coal. Yet much more needs to be done. In most cases, this growth comes from a very low base and many of the least-developed economies are being left behind (several face acute …
Dr Fatih Birol, IEA Executive Director. A better understanding of the risks faced by investors requires timely and authoritative data and analysis, which the IEA is providing with World Energy Investment 2019. This year''s report finds that global energy investment stabilised in 2018, ending three consecutive years of decline, as capital ...
Based on the latest available data, the International Energy Agency''s World Energy Investment 2020 provides a unique and comprehensive perspective on how energy capital flows are being reshaped by the crisis, including full-year estimates for global energy investment in 2020. Now in its fifth edition, the World Energy Investment report is the ...
About this report. One of the key goals of this new roadmap is to understand and communicate the value of energy storage to energy system stakeholders. Energy storage technologies are valuable components in most energy systems and could be an important tool in achieving a low-carbon future. These technologies allow for the decoupling of …
About this report. Digital technologies are everywhere, affecting the way we live, work, travel and play. Digitalisation is helping improve the safety, productivity, accessibility and sustainability of energy systems around the world. But it is also raising new security and privacy risks, while disrupting markets, businesses and workers.
World Energy Investment 2020 - Analysis and key findings. A report by the International Energy Agency. ... Get updates on the IEA''s latest news, analysis, data and events delivered twice monthly. Subscribe Explore our other newsletters Browse Topics Learn ...
Energy investment in the Middle East is expected to reach approximately USD 175 billion in 2024, with clean energy accounting for around 15% of the total investment. In the APS by 2030, clean energy investment more than triples compared with 2024. As a result, by the end of the decade, every 1 USD invested in fossil fuels in this scenario would ...
About this report. This year''s edition of the World Energy Investment provides a full update on the investment picture in 2023 and an initial reading of the emerging picture for 2024. The report provides a global benchmark for tracking capital flows in the energy sector and examines how investors are assessing risks and opportunities across ...
Chinese investments in energy remained extremely strong, accounting for one-third of clean energy investments worldwide and an important share of China''s overall GDP …
Comparing our estimates for 2023 with the data for 2021, annual clean energy investment has risen much faster than investment in fossil fuels over this period (24% vs 15%). Our new analysis highlights how the period of intense volatility in fossil fuel markets caused by the Russian Federation''s (hereafter "Russia") invasion of Ukraine has ...
Global energy investment is set to rebound by around 10% in 2021, reversing most of the drop caused by the pandemic. In 2021, annual global energy investment is set to rise to USD 1.9 trillion, rebounding nearly 10% from 2020 and bringing the total volume of investment back towards pre-crisis levels. However, the composition has shifted towards ...
Investment in low-carbon energy – both in supply and demand – was relatively stable at around USD 620 billion in 2018. Spending growth has stagnated over the past two years, compared with 3% growth in 2016. The share of low-carbon in total energy investment stayed at near 35%.
As part of the U.S. Department of Energy''s (DOE''s) Energy Storage Grand Challenge (ESGC), this report summarizes published literature on the current and projected …
Global investments in energy storage and power grids surpassed 337 billion U.S. dollars in 2022 and the market is forecast to continue growing. Pumped hydro, …
Global investment in the energy transition hit $1.8 trillion in 2023, up 17% on the previous year and a new record. Read more. Get a Grip, Unleash, Lock In: An Energy Transition To-Do List For 2024. Alongside the investment trends report, our Deputy CEO, Albert Cheung, discusses the energy-transition to-do list that must be addressed in 2024.