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Then we'll ramp up production over the next few years. It's already happening at a phenomenal rate [0]. The world does not need vast amounts of storage in 2023:
by matthewdgreen 3y ago
Then we'll ramp up production over the next few years. It's already happening at a phenomenal rate [0]. The world does not need vast amounts of storage in 2023: the goal for the next decade should be to build out renewables from 1% to ~50% of production everywhere, and to use storage mostly to smooth out the demand curve (which is currently highly profitable and happening quickly in places like CA [1].)
[0] https://www.iea.org/data-and-statistics/charts/lithium-ion-battery-manufacturing-capacity-2022-2030 https://www.iea.org/data-and-statistics/charts/lithium-ion-b...
[1] https://www.canarymedia.com/articles/batteries/chart-the-remarkable-rise-of-californias-grid-battery-capacity https://www.canarymedia.com/articles/batteries/chart-the-rem...