Are batteries the key to a sustainable future?

Those pledges include tripling global renewable energy capacity by 2030, doubling the rate of energy efficiency improvements, and facilitating the transition away from fossil fuels. Batteries have an essential role to support of the goal of tripling the installed capacity of renewables worldwide.

How should EVs and battery storage be regulated?

Establish clear and stable regulatory frameworks that define the role of EVs and battery storage in the energy transition. This involves clarifying the role over time of these technologies in the context of clean energy transition plans and emissions reduction targets.

What is the future of battery storage?

Batteries account for 90% of the increase in storage in the Net Zero Emissions by 2050 (NZE) Scenario, rising 14-fold to 1 200 GW by 2030. This includes both utility-scale and behind-the-meter battery storage. Other storage technologies include pumped hydro, compressed air, flywheels and thermal storage.

Why is battery use growing in Africa?

Battery use is also growing in emerging market and developing economies outside China, including in Africa, where close to 400 million people gain access through decentralised solutions such as solar home systems and mini-grids with batteries in order to achieve universal access by 2030.

Are batteries the key to achieving climate goals?

In the NZE Scenario, about 60% of the CO2 emissions reductions in 2030 in the energy sector are associated with batteries, making them a critical element to meeting our shared climate goals. Close to 20% are directly linked to batteries in EVs and battery-enabled solar PV.

Are batteries a key role in energy transitions?

Batteries are set to play a leading role in secure energy transitions. They are critical to achieve commitments made by nearly 200 countries at COP28 in 2023. Their commitments aim to transition away from fossil fuels and by 2030 to triple global renewable energy capacity and double the pace of energy efficiency improvements.