Battery storage is set to play multiple roles in the energy transition. Today it is already an integral part of off-grid solutions which are now the economic source for off-grid electrification either in solar home systems or mini-grids. IRENA is in the process of completing a report “Battery electricity storage costs and market outlook to 2030” that provides an overview of current and emerging electricity storage technologies (with a focus on battery storage), their costs and performance, as well as the cost reduction potential to 2030 and the market outlook for battery storage. On 15 March 2017, IRENA held a workshop at Energy Storage Europe, to give an overview of the reports preliminary findings and help shape recommendations in the report.
The Agenda of the event is available here.
Michael Taylor, Senior Analyst, IRENA, presented on the energy transition and the role of storage in this process.
Eun young So, Programme Office, IRENA, presented an overview of battery storage cost reduction potentials and market outlook to 2030.
Kai-Philipp Kairies, Head of Department, RWTH Aachen University, presented on battery storage technology improvements and cost reductions to 2030.
Harald Diaz Bone, Storage market Analyst, Agora Energiewende, presented on the policy implications of the cost reductions in battery storage.