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<big>'''Battery costs have dropped 90% in under 15 years giving renewables a boost, new IEA report reveals'''</big> | |||
''While China produces most batteries today, the report shows that 40 per cent of announced plans for new battery manufacturing is in advanced economies such as the US and the European Union.'' | ''While China produces most batteries today, the report shows that 40 per cent of announced plans for new battery manufacturing is in advanced economies such as the US and the European Union.'' | ||
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''To do so, overall energy storage capacity will need to increase sixfold by 2030 worldwide, with batteries accounting for 90 per cent of the increase and pumped hydropower covering most of the rest.'' | ''To do so, overall energy storage capacity will need to increase sixfold by 2030 worldwide, with batteries accounting for 90 per cent of the increase and pumped hydropower covering most of the rest.'' | ||
References: | |||
* https://www.euronews.com/green/2024/05/02/battery-costs-have-dropped-90-in-under-15-years-giving-renewables-a-boost-new-iea-report-r | |||
* https://www.iea.org/ | * https://www.iea.org/ | ||
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Visit GreenPolicy360 | 🌎 | ||
For More, Visit GreenPolicy360 | |||
* https://www.greenpolicy360.net/w/Green_Stories_of_the_Day | * https://www.greenpolicy360.net/w/Green_Stories_of_the_Day | ||
* https://www.greenpolicy360.net/w/Climate_News | |||
* https://www.greenpolicy360.net/w/Earth_and_Space,_Politics | |||
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[[File:Our Biggest Experiment - by Alice Bell.jpg]] | [[File:Our Biggest Experiment - by Alice Bell.jpg]] | ||
Revision as of 19:20, 9 May 2024
Battery costs have dropped 90% in under 15 years giving renewables a boost, new IEA report reveals
While China produces most batteries today, the report shows that 40 per cent of announced plans for new battery manufacturing is in advanced economies such as the US and the European Union.
Battery deployment still needs to scale up significantly in the next few years if the world is to hit our energy and climate goals.
To do so, overall energy storage capacity will need to increase sixfold by 2030 worldwide, with batteries accounting for 90 per cent of the increase and pumped hydropower covering most of the rest.
References:
🌎
For More, Visit GreenPolicy360
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