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Global energy storage is estimated to grow 15-fold by 2030. But can supply chain constraints meet rising demand?
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Global energy storage is estimated to grow 15-fold by 2030. But can supply chain constraints meet rising demand?
About EarthxNews:
A weekly program dedicated to covering the stories that shape the planet. Featuring the latest updates in energy, environment, tech, climate, and more.
EarthX
Love Our Planet.
The Official Network of Earth Day.
About Us:
At EarthX, we believe our planet is a pretty special place. The people, landscapes, and critters are likely unique to the entire universe, so we consider ourselves lucky to be here. We are committed to protecting the environment by inspiring conservation and sustainability, and our programming along with our range of expert hosts support this mission. We’re glad you’re with us.
EarthX is a media company dedicated to inspiring people to care about the planet. We take an omni channel approach to reach audiences of every age through its robust 24/7 linear channel distributed across cable and FAST outlets, along with dynamic, solution oriented short form content on social and digital platforms. EarthX is home to original series, documentaries and snackable content that offer sustainable solutions to environmental challenges. EarthX is the only network that delivers entertaining and inspiring topics that impact and inspire our lives on climate and sustainability.
EarthX Website: https://earthxmedia.com/
Follow Us:
Instagram: https://www.instagram.com/earthxmedia/
LinkedIn: https://www.linkedin.com/company/earthxmedia
Facebook: https://www.facebook.com/EarthXMedia/
TikTok: https://www.tiktok.com/@earthxmedia
YouTube: https://www.youtube.com/@EarthXMedia
How to watch:
United States:
- Spectrum
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- Philo
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#EarthDay #Environment #Sustainability #Eco-friendly #Conservation #EarthxTV #EarthX
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NewsTranscript
00:00Global energy storage is projected to grow 15-fold by 2030.
00:07According to Bloomberg-Neff, the anticipated acceleration of the U.S. market follows the
00:13passage of the Inflation Reduction Act in August of 2022, since a lot of money was then
00:19allocated to wind, solar, and storage tax credits.
00:23While the new tax credit policy supports more growth, supply chain constraints, cloud deployment,
00:30until 2024.
00:32Russia's invasion of Ukraine has had a clear impact on energy storage deployments in Europe.
00:37Plus, the world is still dealing with pandemic-related supply chain issues.
00:41Tack that onto inflation, high transport costs, and raw material prices making battery cells
00:46more expensive over the last year.
00:49The U.S. and China continue to be the two largest markets for energy storage, representing
00:54over half of global installations by the end of this decade.
00:59For more UN videos visit www.un.org