Growing clean energy investment beyond power generation

  • With renewables now among the cheapest forms of power generation in the world, greater energy storage capacity is needed to accommodate rapidly growing demand for clean energy.1
  • Supportive policies and momentum from projects in key markets2 are set to accelerate growth in installed gigawatts (GW) of battery storage capacity through 2030.
  • In 2021, global energy transition investment totaled $755 billion, according to BloombergNEF’s Energy Transition Investment Trends 2022.
  • Investors understand that the renewables investment opportunity set has expanded beyond wind and solar power to encompass a wider clean energy ecosystem, including storage, energy efficiency, and sustainable materials—sectors that have seen record investment in recent years.

1 Lazard’s Levelized Cost of Energy Analysis, 2021.

2Global Energy Storage Market Set to Hit One Terawatt-Hour by 2030,” BloombergNEF, November 15, 2021.