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‘Made for Each Other’: Solar and Storage Will Be a Regular Pair by 2030 [GTM Squared]

Annual global energy storage deployments are expected to shoot up from 11 gigawatt-hours in 2020 to 164 gigawatt hours in 2030, reaching a cumulative 741-gigawatt hours in that year. A great majority of that is expected to be tied to solar.

“Solar and storage is huge and is going to be huge,” said Dan Finn Foley, head of energy storage research at Wood Mackenzie, which developed the forecast. “These technologies are made for each other.”

Building large-scale solar projects with the optionality to later add storage — if it’s not included right off the bat — is already regular practice in the U.S. solar industry. In the next decade, Finn-Foley and developers anticipate storage will become a near-constant companion for large-scale solar.

Source: Greentech Media