In 2009, he sold NEF to Bloomberg, LP, the mega-financial firm started by billionaire and NYC mayor, Michael Bloomberg. He continued on as the CEO and then Chairman of Bloomberg New Energy Finance (BNEF),
Energy Transition Investment Trends is BloombergNEF''s annual review of global investment in the low-carbon energy transition. It covers a wide scope of sectors central to the transition, including renewable energy, energy storage, nuclear,
Shanghai ZOE Energy Storage Technology Co., Ltd., established in 2022, is dedicated to providing global users with safe, efficient, and intelligent energy storage product
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Global energy storage’s record additions in 2023 will be followed by a 27% compound annual growth rate to 2030, with annual additions reaching 110GW/372GWh, or 2.6 times expected 2023 gigawatt installations. Targets and subsidies are translating into project development and power market reforms that favor energy storage.
India is taking steps to promote energy storage by providing funding for 4GWh of grid-scale batteries in its 2023-2024 annual expenditure budget. BloombergNEF increased its cumulative deployment for APAC by 42% in gigawatt terms to 39GW/105GWh in 2030.
BloombergNEF’s Carbon Knowledge Hub is a public web platform by that provides companies, policymakers and other players with the information required to understand and navigate compliance and voluntary carbon markets.
The figures are compiled through a combination of bottom-up research on hundreds of thousands of individual deals and projects, aggregated estimates for consumer-led technologies, Bloomberg terminal data and other third-party sources. Global investment in the energy transition hit $1.8 trillion in 2023, up 17% on the previous year and a new record.
The region added 4.5GW/7.1GWh in 2022, with residential battery installations in Germany and Italy outpacing BNEF’s expectations. The residential segment is now the largest in the region and will remain so until 2025.
Global investment in the energy transition hit $1.8 trillion in 2023, up 17% on the previous year and a new record. Read more Alongside the investment trends report, our Deputy CEO, Albert Cheung, discusses the energy-transition to-do list that must be addressed in 2024. Read more
The European energy storage market is booming with Germany leading residential adoption (+58% YoY) thanks to €500/kWh subsidies. Italy's new tax credits drive 5.2GWh commercial deployments, while UK grid-scale projects exceed 8GWh with 2-hour duration systems. Key selection criteria: German-certified safety (VDE-AR-E 2510), 10+ year warranties, and VPP readiness. Top-performing products include Sonnen's hybrid inverters (98% efficiency) and BYD's Blade Battery (12,000 cycles @80% DoD). For snowy regions like Scandinavia, consider Huawei's -30°C compatible systems. France mandates carbon footprint declarations - Sungrow's ISO-14067 certified solutions gain preference.
For European homeowners, 5-10kWh systems with 3-phase compatibility are ideal. Top picks: 1) Tesla Powerwall 3 (13.5kWh, 97% round-trip efficiency) for smart home integration; 2) LG Chem RESU Prime for compact urban installations; 3) SMA Sunny Boy Storage for retrofit projects. Critical features: EU-made battery cells (exempt from CBAM tariffs), dynamic tariff optimization (like Octopus Energy integration), and fire-safe LiFePO4 chemistry. Southern Europe demands 85%+ depth of discharge capability, while Nordic markets require -25°C operation. Always verify CEI 0-21 compliance for Italian grid connection and EnWG certification for German feed-in.