Growing clean energy investment beyond power generation
June 21, 2022 /
- With renewables now among the cheapest forms of power generation in the world, greater energy storage capacity is needed to accommodate rapidly growing demand for clean energy.1
- Supportive policies and momentum from projects in key markets2 are set to accelerate growth in installed gigawatts (GW) of battery storage capacity through 2030.
- In 2021, global energy transition investment totaled $755 billion, according to BloombergNEF’s Energy Transition Investment Trends 2022.
- Investors understand that the renewables investment opportunity set has expanded beyond wind and solar power to encompass a wider clean energy ecosystem, including storage, energy efficiency, and sustainable materials—sectors that have seen record investment in recent years.
1 Lazard’s Levelized Cost of Energy Analysis, 2021.
2 “Global Energy Storage Market Set to Hit One Terawatt-Hour by 2030,” BloombergNEF, November 15, 2021.