International energy storage outlook

What is the International Energy Outlook (IEO)?

The International Energy Outlook (IEO) presents the U.S. Energy Information Administration's (EIA) assessment of the outlook for international energy markets. The global energy system is governed by complex dynamics that play out over time across regions and sectors of the economy.

What is the future of energy storage?

Storage enables electricity systems to remain in balance despite variations in wind and solar availability, allowing for cost-effective deep decarbonization while maintaining reliability. The Future of Energy Storage report is an essential analysis of this key component in decarbonizing our energy infrastructure and combating climate change.

What is the Global Renewables outlook?

The Global Renewables Outlook shows the path to create a sustainable future energy system. This flagship report highlights climate-safe investment options until 2050, the policy framework needed for the transition and the challenges faced by different regions.

Why is energy storage important?

Energy storage is a potential substitute for, or complement to, almost every aspect of a power system, including generation, transmission, and demand flexibility. Storage should be co-optimized with clean generation, transmission systems, and strategies to reward consumers for making their electricity use more flexible.

Does India have a plan for battery energy storage?

In its draft national electricity plan, released in September 2022, India has included ambitious targets for the development of battery energy storage. In March 2023, the European Commission published a series of recommendations on policy actions to support greater deployment of electricity storage in the European Union.

Should energy storage be co-optimized?

Storage should be co-optimized with clean generation, transmission systems, and strategies to reward consumers for making their electricity use more flexible. Goals that aim for zero emissions are more complex and expensive than net-zero goals that use negative emissions technologies to achieve a reduction of 100%.