5 April 2021
In an effort to stave off a repeat of 2020s summer blackouts, California is planning to install 1.7GW worth of new battery storage by August, according to new figures published this week by BloombergNEF, more capacity than China is expected to install.
Bloomberg Green citing new BloombergNEF numbers revealed that the leading power analysts expect California to not only install 1.7GW worth of new battery storage in 2021, but another 1.4GW in 2022 followed by 1.2GW in 2023.
But this will need to be only the start of a decades’ long push to ramp up energy storage deployment across the state.
A report published in March by three California agencies that regulate energy and climate issues – California’s Air Resources Board, Energy Commission, and Public Utilities Commission – concluded that 48.8GW worth of battery storage will be necessary by 2045 to achieve the state’s plan to eliminate greenhouse gas emissions.