The Annual Energy Outlook 2023 (AEO2023) explores long-term energy trends in the United States. Since we released the last AEO in early 2022, passage of the Inflation Reduction Act (IRA), Public Law 117-169, altered the policy landscape we use to develop our projections. The Appendix in this report explains our assumptions around …
Learn MoreThe share of energy investment in Africa''s GDP rises to 6.1% in the 2026-30 period, slightly above the average for emerging market and developing economies. But Africa''s energy investment in that period is still only …
Learn MoreDeloitte''s 2024 renewables industry outlook discusses how these trends could impact the industry in the coming year: Regulatory boosts and brakes: Historic investment could erode obstacles. Reshoring clean energy: Supply chains shorten and strengthen. Reskilling the workforce: Unlocking the talent bottleneck is key to …
Learn More1H 2023 Energy Storage Market Outlook. March 21, 2023. This Insight is part of the Energy Storage Market Outlook series. Energy storage hit another record year in 2022, adding 16 gigawatts/35 …
Learn MoreLargest EU solar markets. Like last year, Germany is again Europe''s biggest solar market in 2022 with 7.9 GW of newly installed capacity, followed by Spain (7.5 GW), Poland (4.9 GW), the Netherlands (4.0 GW), and France …
Learn MoreRead more from the Deloitte Center Energy & Industrials'' 2024 outlook collection. In 2024, electricity prices are expected to remain steady and sales are expected to rise about 2%, 7 while supply chain snarls will likely continue unraveling. Momentum for the clean-energy transition will likely carry over into 2024, building on multiple drivers.
Learn MoreThe share of energy investment in Africa''s GDP rises to 6.1% in the 2026-30 period, slightly above the average for emerging market and developing economies. But Africa''s energy investment in that period is still only around 5% of the global total in the IEA''s Net Zero Emissions by 2050 Scenario.
Learn MoreAfter solid growth in 2022, battery energy storage investment is expected to hit another record high and exceed USD 35 billion in 2023, based on the existing pipeline of projects …
Learn MoreThe World Energy Outlook 2023 provides in-depth analysis and strategic insights into every aspect of the global energy system. Against a backdrop of geopolitical tensions and fragile energy markets, this year''s report explores how structural shifts in economies and in energy use are shifting the way that the world meets rising demand for ...
Learn More"The Future of Energy Storage," a new multidisciplinary report from the MIT Energy Initiative (MITEI), urges government investment in sophisticated analytical …
Learn More4 · Premium Statistic Global outlook on electricity generation 2022-2050, by energy source Premium Statistic Cumulative global energy storage deployment 2022-2031
Learn MoreIntroduction. In 2021, the IEA published its Net Zero by 2050: A Roadmap for the Global Energy Sector, which sets out a narrow but achievable pathway for the global energy sector to reach net zero emissions by 2050. However, much has changed in the short time since that report was published. The global economy rebounded at record speed in 2021 ...
Learn MoreVideo. MITEI''s three-year Future of Energy Storage study explored the role that energy storage can play in fighting climate change and in the global adoption of clean energy grids. Replacing fossil fuel-based power generation with power generation from wind and solar resources is a key strategy for decarbonizing electricity.
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Learn MoreAbout this report. This year''s edition of the World Energy Investment provides a full update on the investment picture in 2023 and an initial reading of the emerging picture for 2024. The report provides a global benchmark for tracking capital flows in the energy sector and examines how investors are assessing risks and opportunities …
Learn MoreTraditional security threats remain, even as new potential vulnerabilities emerge. The World Energy Outlook 2022 proposes the following ten guidelines to help buttress energy security in the "mid-transition", when the clean energy and fossil fuel systems co-exist and are both required to deliver reliable energy services.
Learn MoreThe IEA World Energy Investment (WEI) report is the world''s benchmark for tracking investment trends across the energy world. The 2022 edition will be the seventh, and will present the latest data on capital flows to different types of energy projects, including a first set of full-year estimates for 2022. It will examine how investment is ...
Learn MoreGlobal refining capacity fell in 2021 for the first time in more than 30 years. As demand rebounded in 2022 and oil product exports from Russia and China have fallen, refining margins surged to record highs. In the STEPS, rising demand for diesel and kerosene means markets are likely to remain very tight for a number of years.
Learn MoreLatest analysis from SolarPower Europe reveals that, in 2023, Europe installed 17.2 GWh of new battery energy storage systems (BESS); a 94% increase compared to 2022. This marks the third consecutive year of doubling the annual market.
Learn MoreThese technologies and others will continue to be developed throughout 2022. Lithium-ion batteries. This type of battery was initially used for small electronics, such as computers and phones. Larger cells have been developed for use in EVs and in grid-scale energy-storage deployments. Storage capacity for this type of battery is only a few …
Learn MoreAbout this report. This year''s edition of the World Energy Investment report presents the latest data and analysis of how energy investment flows are recovering from the shock of the Covid-19 pandemic, including full-year estimates of the outlook for 2021. It examines how investors are assessing risks and opportunities across all areas of ...
Learn MoreEvery year, the U.S. Energy Information Administration (EIA) publishes updates to its Annual Energy Outlook (AEO), which provides long-term projections of energy production and consumption in the United States using EIA''s National Energy Modeling System (NEMS). The AEO update for 2022 (AEO2022) includes projections …
Learn MoreAbout this report. Against the backdrop of turbulent markets and a crucial meeting of the COP26 conference on climate change in Glasgow, the 2021 World Energy Outlook (WEO) provides an indispensable guide to the opportunities, benefits and risks ahead at this vital moment for clean energy transitions. The WEO is the energy world''s most ...
Learn MoreSubdued investment due to lower prices in the 2015-2020 period made the energy sector much more vulnerable to the sort of disruptions we have seen in 2022. While clean energy investment rises above USD 2 …
Learn MoreCosts and capacities are expressed in terms of net AC (alternating current) power available to the grid for the installed capacity. 2. Total overnight capital costs of new electricity generating technologies by region. $1,325 $5,255 NA $3,808 $1,948 $6,293 NA $1,317 $1,781 Source: U.S. Energy Information Administration, Office of Electricity ...
Learn MoreAbout this report. India Energy Outlook 2021 explores the opportunities and challenges ahead for India as it seeks to ensure reliable, affordable and sustainable energy to a growing population. The report examines pathways out of the crisis that emerged from the Covid-19 pandemic, as well as longer-term trends, exploring how …
Learn MoreWe estimate that around USD 2.8 trillion will be invested in energy in 2023. More than USD 1.7 trillion is going to clean energy, including renewable power, nuclear, grids, storage, low-emission fuels, efficiency improvements and end-use renewables and electrification.
Learn MoreThis year''s edition of the World Energy Investment report provides a full update on the investment picture in 2021 and full-year estimates of the outlook for …
Learn MoreGlobal investment in the energy transition hit $1.8 trillion in 2023, up 17% on the previous year and a new record. Read more. Get a Grip, Unleash, Lock In: An Energy Transition To-Do List For 2024. Alongside the investment trends report, our Deputy CEO, Albert Cheung, discusses the energy-transition to-do list that must be addressed in 2024.
Learn MoreRising demand for energy services to 2040 is underpinned by economic growth, which is lower to 2030 than in last year''s Outlook but which averages 2.8% per year through to 2050. The world''s population rises from 7.8 billion people in 2021 to 9.7 billion in 2050, an increase of almost one-quarter. These economic and demographic assumptions ...
Learn MoreGlobal industrial energy storage is projected to grow 2.6 times, from just over 60 GWh to 167 GWh in 2030. The majority of the growth is due to forklifts (8% CAGR). UPS and data centers show moderate growth (4% CAGR) and telecom backup battery demand shows the lowest growth level (2% CAGR) through 2030.
Learn Moresuggests that world energy investment is set to rise over 8% in 2022 to reach a total of USD 2.4 trillion, well above pre-Covid levels. Investment is increasing in all parts of the …
Learn MoreMore than 500 gigawatts (GW) of renewables generation capacity are set to be added in 2023 – a new record. More than USD 1 billion a day is being spent on solar deployment. Manufacturing capacity for key components of a clean energy system, including solar PV modules and EV batteries, is expanding fast.
Learn MoreThree years into the decade of energy storage, deployments are on track to hit 42GW/99GWh, up 34% in gigawatt hours from our previous forecast. China is …
Learn MoreAbout this report. This year''s edition of the World Energy Investment provides a full update on the investment picture in 2022 and an initial reading of the emerging picture for 2023. The report provides a global benchmark for tracking capital flows in the energy sector and examines how investors are assessing risks and opportunities …
Learn MoreThis Insight is part of the Energy Storage Market Outlook series. Energy storage hit another record year in 2022, adding 16 gigawatts/35 gigawatt-hours of capacity, up 68% from 2021. ... Global energy storage''s record additions in 2022 will be followed by a 23% compound annual growth rate to 2030, with annual additions reaching …
Learn MoreIn 2019, colocated systems contributed 33% of the annual addition of large-scale energy storage capacity. This metric rose to 48% in 2020 and jumped to 74% in 2021, before coming back down to 48% in 2022. Now, about 77% of colocated utility-scale BESSs in the US are paired with solar projects, according to Market Intelligence data.
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