And there's zero new expected nuclear after vogtle 4...
If we add 10-17GWh in 2023, it would be foolish to think we will add the same amount in 2024. The amount added per year will grow too.
We are at the beginning of the logistic curve, where growth is exponential. A few years ago, there wasn't even a single GWh on the grid.
For more than a century we have balanced the grid by keeping energy stored in fuel; as we switch to cheap renewables, that's the only time that grid storage becomes necessary, and you have to get to pretty high levels of renewables before it makes economic sense to add storage. So the market is small now, and will grow. Until then, those lithium ion batteries are being shoved into cars, because car makers can not acquire them fast enough to meet demand.
There are several other very promising and quickly advancing battery technologies as well, based on iron or sodium instead of lithium. We will see which get cheap, but until there's high amounts of renewables.
Why are you asking me? I am not Woodmac. Furthermore, their projections only go to 2027.
I’m sure they will commission a custom report for you if you compensate them enough.
Either way, 2030 grid storage projections are highly speculative. Projections for the next five years are based on announced and planned projects. Nobody is announcing or even planning 2030 deployments yet.
Besides that, what’s your point? Are you trying to say that the previously touted exponential growth is only going to start after 2027? In 2030 perhaps?
As an aside I find it amusing that you or somebody else downvoted me for quoting a report and asking where the exponential growth that contradicts the report findings are going to come from.
If we add 10-17GWh in 2023, it would be foolish to think we will add the same amount in 2024. The amount added per year will grow too.
We are at the beginning of the logistic curve, where growth is exponential. A few years ago, there wasn't even a single GWh on the grid.
For more than a century we have balanced the grid by keeping energy stored in fuel; as we switch to cheap renewables, that's the only time that grid storage becomes necessary, and you have to get to pretty high levels of renewables before it makes economic sense to add storage. So the market is small now, and will grow. Until then, those lithium ion batteries are being shoved into cars, because car makers can not acquire them fast enough to meet demand.
There are several other very promising and quickly advancing battery technologies as well, based on iron or sodium instead of lithium. We will see which get cheap, but until there's high amounts of renewables.