Global Energy Storage and Grids Pledge: Accelerating Infrastructure Transition for a Sustainable Future
Key Ideas
- The COP29 energy storage and grids pledge aims to deploy 1,500GW of energy storage globally by 2030, significantly increasing grid infrastructure.
- Key actions include modernizing infrastructure, promoting regional integration, and investing in advanced technologies to support renewable energy integration.
- Stakeholders, including major utilities and suppliers, support the pledge, emphasizing the importance of grid enhancements and energy storage for the transition to a renewables-led system.
- The pledge calls for increased investments in grids and flexibility measures to align with the renewable energy capacity tripling and energy efficiency doubling goals by 2030.
At COP29, the energy storage and grids pledge garnered significant support from stakeholders, aiming to deploy 1,500GW of energy storage globally by 2030 and enhance grid infrastructure. The pledge emphasizes actions like modernizing infrastructure, addressing bottlenecks, supporting renewable integration, promoting regional cooperation, investing in advanced technologies, and strengthening international collaboration. Major utilities and suppliers, including the Utilities for Net Zero Alliance, back the pledge, stressing the crucial role of grid enhancements and energy storage in transitioning to a renewables-led system. Investments in grids and flexibility measures need to double to align with the 1.5°C pathway, requiring around $717 billion per year. The pledge advocates for diversified supply chains, technology development, and policy frameworks to facilitate energy storage adoption. Overall, the pledge highlights the importance of accelerating infrastructure transition for a sustainable energy future.
Topics
Utilities
Renewable Energy
Clean Energy
Infrastructure
Technology
Investment
Climate Action
Collaboration
Grid Modernization
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