Long duration energy storage (LDES) technologies that provide more than 24-hour flexibility are forecast to grow in the near future, to reach around 40 percent of the cumulative installed capacity in 2040. Meanwhile, 8-to-24-hour flexibility systems would account for the remaining 60 percent of the installed capacity that year, down from an estimated share of 80 percent in 2030.
Distribution of long duration energy storage (LDES) cumulative installed capacity worldwide from 2030 to 2040, by system duration
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LDES Council, & McKinsey & Company. (November 22, 2021). Distribution of long duration energy storage (LDES) cumulative installed capacity worldwide from 2030 to 2040, by system duration [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1304477/share-of-ldes-cumulative-installed-capacity-by-system-duration/
LDES Council, und McKinsey & Company. "Distribution of long duration energy storage (LDES) cumulative installed capacity worldwide from 2030 to 2040, by system duration." Chart. November 22, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1304477/share-of-ldes-cumulative-installed-capacity-by-system-duration/
LDES Council, McKinsey & Company. (2021). Distribution of long duration energy storage (LDES) cumulative installed capacity worldwide from 2030 to 2040, by system duration. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1304477/share-of-ldes-cumulative-installed-capacity-by-system-duration/
LDES Council, and McKinsey & Company. "Distribution of Long Duration Energy Storage (Ldes) Cumulative Installed Capacity Worldwide from 2030 to 2040, by System Duration." Statista, Statista Inc., 22 Nov 2021, https://www.statista.com/statistics/1304477/share-of-ldes-cumulative-installed-capacity-by-system-duration/
LDES Council & McKinsey & Company, Distribution of long duration energy storage (LDES) cumulative installed capacity worldwide from 2030 to 2040, by system duration Statista, https://www.statista.com/statistics/1304477/share-of-ldes-cumulative-installed-capacity-by-system-duration/ (last visited July 22, 2024)
Distribution of long duration energy storage (LDES) cumulative installed capacity worldwide from 2030 to 2040, by system duration [Graph], LDES Council, & McKinsey & Company, November 22, 2021. [Online]. Available: https://www.statista.com/statistics/1304477/share-of-ldes-cumulative-installed-capacity-by-system-duration/