Battery storage could propel wind and solar to power half the world

Falling battery costs will have a “huge impact” on the world’s electricity mix in the coming decades, and “could help wind and solar rise to 50% of the world’s electricity generation by 2050,” reports. Bloomberg New Energy Finance (BNEF)’s annual “long-term analysis of the future of the global electricity system, New Energy Outlook (NEO) 2018,” predicts $11.5 trillion in new power generation capacity investments between 2018 and 2050, with $8.4 trillion in wind and solar power. Seb Henbest, lead author of NEO 2018, said, “[t]he arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining.” For more, read the full article.

Renewable Energy