Libya iea batteries and secure energy transitions

Are batteries the key to a sustainable future?

Those pledges include tripling global renewable energy capacity by 2030, doubling the rate of energy efficiency improvements, and facilitating the transition away from fossil fuels. Batteries have an essential role to support of the goal of tripling the installed capacity of renewables worldwide.

Are batteries a key role in energy transitions?

Batteries are set to play a leading role in secure energy transitions. They are critical to achieve commitments made by nearly 200 countries at COP28 in 2023. Their commitments aim to transition away from fossil fuels and by 2030 to triple global renewable energy capacity and double the pace of energy efficiency improvements.

Who wrote the IEA special report on batteries & secure energy transitions?

I would like to thank the IEA colleagues who worked on this special report on Batteries and Secure Energy Transitions for their excellent and insightful analysis – under the leadership of Laura Cozzi, Director of Sustainability, Technology and Outlooks, and lead authors Brent Wanner and Apostolos Petropoulos.

Are batteries the key to achieving climate goals?

In the NZE Scenario, about 60% of the CO2 emissions reductions in 2030 in the energy sector are associated with batteries, making them a critical element to meeting our shared climate goals. Close to 20% are directly linked to batteries in EVs and battery-enabled solar PV.

Why is battery use growing in Africa?

Battery use is also growing in emerging market and developing economies outside China, including in Africa, where close to 400 million people gain access through decentralised solutions such as solar home systems and mini-grids with batteries in order to achieve universal access by 2030.

Are batteries making more inroads in ancillary service markets?

Beyond energy shifting, batteries are expected to make further inroads in ancillary service markets in regions where they have not done so already, though the share of battery storage targeting this application is set to decline as these markets become saturated and as the global battery fleet expands considerably.