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THERMAL ENERGY STORAGE Outlook

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THERMAL ENERGY STORAGE Outlook ( thermal-energy-storage-outlook )

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Figure 3: Installed TES capacity projections according to IRENA’s Paris Agreement-aligned Transforming Energy Scenario 900 800 700 600 500 400 300 200 100 0 2019 Power 2030 Heating Space cooling Note: Heating projections are not in the scope of this analysis due to a lack of data on aquifers and small-scale distributed TES (e.g. residential water tanks). Nonetheless, growth in the installed capacity of these technologies is expected given their versatile use from short to seasonal scale. Figure 4: Molten-salt TES installed capacity 700 600 500 400 300 200 100 0 631.3 491.2 147.6 93.9 Planned projects Planned energy scenario Transforming energy scenario (70-90% deployment, cumulative values) THERMAL ENERGY STORAGE 19 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 GWh GWh

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