How to invest into the stationary energy storage boomġ) Consider to buy the companies that are selling and leading the production of stationary energy storage products (mostly the 'LFP' battery leaders) Note: Red oval done by the author for emphasis. Master Plan 3 comparison of energy storage types - Lithium-ion batteries come out on top ( source) We think sodium-ion batteries will also be required, as will VRFBs and all types of cost-effective efficient energy storage. Tesla Master Plan 3 - Summary of key requirements needed for the world to move to 100% clean sustainable energy, including electric transportation ( source)įor now Tesla believes that the vast majority of energy storage will be done via lithium-ion batteries. Note: This figure of 1,200x could work out to be less if we include all forms of energy storage such as pumped hydro etc. This is the size of the challenge, or opportunity, assuming the world follows Master Plan 3 to be 100% renewable energy (perhaps by 2050). To go from 35 GWh to 5 TWh is a ~143x increase. Or put another way we need to rapidly ramp from 35 GWh pa to 10 TWh pa, then maintain that production for 12 years. Given 2022 total global lithium-ion battery stationary energy storage capacity added was only ~35 GWh and total global lithium-ion battery installed stationary energy storage is <100 GWh (about 90 GWh, but let's assume 100 GWh for round numbers), it means we need to produce 1,200x (120,000/100) more energy storage to reach the goal of a 100% renewable energy planet. Roughly speaking that leaves about 120 TWh of stationary energy storage needed for the world to be able to move 100% to renewable energy. Tesla Master Plan 3 reports that we need 240 TWh of energy storage globally to support both energy production (stationary energy storage) and EVs (of which EVs will need 112 TWh). 2023)īloombergNEF Tesla Master Plan 3 says the world will need about 120 TWh of stationary energy storage Trend Investing's forecast (50% YoY growth) reaches 885 GWh by 2030 and will likely need to be increased, especially if the growth rate does run at 100% pa in 2023.īloomberg forecasts rapid growth in global lithium-ion battery stationary energy storage and a doubling in 2023 ( source) (Jan. Yet this will be nowhere nearly enough growth for what the world will need if it wants to move to 100% renewable energy (see Tesla Master Plan 3 below).īloomberg's forecast below will likely one day look woefully conservative at 230 GWh by 2030. The chart below shows massive global growth forecast for global lithium-ion battery stationary energy storage. Stationary energy storage growth forecasts In 2022 the entire global stationary energy storage market deployment was at 34.5 GWh pa. Once both Lathrop and Shanghai are at full capacity they would produce 80 GWh pa. Next will be the Tesla Shanghai stationary energy storage factory targeted to begin in Q2, 2024 with a plan to produce 10,000 megapacks pa (40 GWh pa). It plans to have capacity to produce 10,000 megapacks pa, equivalent to about 40 GWh pa. The above growth is due to the ramp up of Tesla's Lathrop stationary energy storage factory in California. Tesla Q1, 2023 financials reveal that Tesla's stationary energy storage grew 360% YoY in Q1, 2023 ( source) Their stationary energy storage deployed grew a massive 360% YoY to 3.889 GWh. Tesla ( TSLA) recently released their Q1, 2023 financials and hidden in there was a stunning statistic. Stationary energy storage is booming, led by Tesla March 2018 - Companies To Benefit From The Stationary Energy Storage Boom.2019 - An Update On The Stationary Energy Storage Boom And A Recap Of The Main Players March 2021 - Energy Storage Is Now Booming As The World Moves Faster To Renewable Energy.This article first appeared in 'Trend Investing Group' on May 16, 2023, but has been updated for this article.įor a background on the stationary energy storage trend you can read our past articles:
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