Senior Analyst at Wood Mackenzie Rory McCarthy on the surge of the global energy storage market
Senior Analyst with the Energy Storage team at Wood Mackenzie Power & Renewables, Rory McCarthy joins us to unpack the global energy storage market.
We discuss opportunities and challenges facing the market, how the UK is becoming a leader in the space, and why a recent Wood Mackenzie report expects the industry to expand 13-fold by 2024, with investment growing six-fold to a total of $71 billion.
After a record-breaking year in 2018, featuring 140% year-on-year growth, and system costs continuing to fall-- and that seems like just the beginning for the global energy storage market. With global initiative around renewables and decarbonizing markets strengthening, now is the time to get familiarized with this burgeoning industry.
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