WÄRTSILÄ OYJ Wärtsilä Energy storage
June 2021
•
1 | © Wärtsilä | P U B L I C | 14.6.2021 |
Agenda
Energy market trends
Energy storage market
Wärtsilä Energy role & position
Wärtsilä Energy storage
Project references
2 | © Wärtsilä |
Energy market trends:
what's driving the energy storage growth?
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PRICE ALONE WILL TURN MOST OF THE WORLD TO RENEWABLE ENERGY.
The transition has been extremely fast and is only accelerating
MOST COMPETITIVE SOURCE OF NEW BULK | MOST COMPETITIVE SOURCE OF NEW BULK | ||
GENERATION IN 2014 | GENERATION IN 1H 2020 | ||
Source: BloombergNEF, Note: Reflective of the cheapest benchmark project for each technology and market
4 | © Wärtsilä | P U B L I C | 14.6.2021 |
In 2020, renewable energy projects captured nearly 50% of all new generation built. By 2030, analysts estimate that to rise to 67%.
Capacity mix 2019 (7.4 TW) | Annual gross capacity additions 2020-2050 (GW) | Capacity mix 2050 (20.4 TW) |
New
technologies
20%
4% 4% 4%
800 | New | |
technologies | ||
65% | ||
700 | ||
600 | 6% | 7% |
6% |
9%
9%
16%
28%
19%
500 | |
400 | |
300 | 38% |
10%
7%
20%
5%
Traditional technologies 80%
200
100
0
2020 | 2025 | 2030 | 2035 | 2040 | 2045 | 2050 | ||||||||||||||
Coal | Gas | Nuclear | Hydro | Wind | Solar | Other renewables | Oil | Battery | Pumped hydro | Peaker gas | ||||||||||
Traditional technologies 35%
Source: BloombergNEF New Energy Outlook 2020
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Wärtsilä Oyj published this content on 14 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2021 11:27:02 UTC.
