Battery storage to grow 122-fold by 2040 as costs halve: BNEF

'This is a new era of dispatchable renewables', says analyst, predicting that the utility-scale market will be larger than the behind-the-meter segment

A battery storage system at Vattenfall's Pen y Cymoedd wind farm in Wales.
A battery storage system at Vattenfall's Pen y Cymoedd wind farm in Wales.Photo: Vattenfall
Published 1 August 2019, 10:09Updated 1 August 2019, 13:36