Energy storage in the form of pumped hydro and batteries are expected to reach 59GW by 2050. Image: Neoen Solar.
Analyst firm BloombergNEF has cautioned that Australia requires around AU$2.4 trillion (US$1.6 trillion) investment to reach net zero, with solar PV and wind installations to reach 290GW by 2050.
The organisation’s latest New Energy Outlook: Australia cautions that the nation’s energy transition risks being stalled without an “urgent scale-up” of clean energy technologies, such as solar PV and wind generation, alongside complementary technologies, like energy storage in the form of batteries and pumped hydro
(The above content is reproduced from pv-tech，By George Heynes）
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