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ARTICLE · 19 NOVEMBER 2024

COP29's Energy Storage Pledge

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Azerbaijan's COP29 proposal urges a six-fold increase in global energy storage to 15,000 GW by 2030, emphasizing battery storage while addressing sustainability, recycling, and ethical resource extraction.

United KingdomEnergy and Natural Resources
Duncan White
Duncan White
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In a bid to boost renewable energy capacity, the host of this year's UN COP29 Climate Summit, Azerbaijan, are proposing a pledge by the participating governments to increase global energy storage capacity six-fold, to 15000 GW by 2030.

It is widely acknowledged that, in order to transition to renewable energy, it is vital to provide sufficient energy storage to ensure electricity supplies, for example at peak times or when renewable energy production is low. Thus energy storage is vital, in addition to a mix of renewable energy sources.

There are various options for energy storage but the bulk of energy storage will inevitably be provided by battery storage installations. Other options include, pumped storage hydropower, liquid air energy storage, and compressed air energy storage. It is thought that 90% of energy storage requirements will be provided by battery installations. Especially since the cost of batteries has been falling steeply as global supply

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