Battery storage capacity is projected to surpass 400GWh per year by 2030
Around 948 GWh of lithium-ion (Li-ion) battery capacity is currently deployed globally. Out of this, the global EV battery production capacity is almost 274 GWh.10 Feb 2023
Long Duration Energy Storage Council
On November 23 2021 the LDES Council will publish its first annual report on the need for long duration energy storage to reach NetZero carbon emissions. The report, based on extensive research and collaboration of Council members, concludes that 1.5-2.5 TW and 85-140 TWh LDES could be deployed globally by 2040.
Present at the signing of the agreement at COP26 in Glasgow were CEOs and senior executives from Anchor members (Alfa Laval, Baker Hughes, BP, Greenko, Rio Tinto, Siemens Energy) and Technology providers (Ambri, Azelio, CellCube, Ceres Power, Echogen, Energy Dome, Enlighten Innovation, ESS, Form Energy, Highview, Malta, Quidnet).
85-140TWh & the current deployment has not yet cracked 1TWh according to the above info.
(20min delay)