Global BESS deployments soared 53% in 2024
Energy storage deployments globally grew 53% in 2024, with grid-scale segment the driver of this, market intelligence firm Rho Motion says.
View DetailsThis treemap, created in partnership with the National Public Utilities Council, visualizes which countries had the most grid-scale battery energy storage systems (BESS) in 2023. China has nearly half the world's grid storage battery capacity and keeps growing at a breakneck pace.
Developing energy storage has become a global consensus. It was announced at COP29 in late 2024 that global storage capacity will increase to 1,500 GW by 2030, more than six times the 2022 level. As a result, InfoLink maintains a cautiously optimistic outlook for the medium- to long-term development of energy storage systems.
The policy and regulatory roadmap is aimed at pushing China's installed base of large-scale energy storage – primarily lithium-ion battery energy storage systems (BESS) – to 180GW by the end of 2027.
To support the global transition to clean electricity, funding for development of energy storage projects is required. Pumped hydro, batteries, hydrogen, and thermal storage are a few of the technologies currently in the spotlight.
Other storage includes compressed air energy storage, flywheel and thermal storage. Hydrogen electrolysers are not included. Global installed energy storage capacity by scenario, 2023 and 2030 - Chart and data by the International Energy Agency.
According to official National Energy Administration data from its recent 'China new energy storage development report 2025,' the country's installed base at the end of 2024 totalled 73.8GW/168GWh. The China Energy Storage Alliance (CNESA) trade group said this represented a 130% year-on-year increase and about 40% of the global total.
Energy storage deployments globally grew 53% in 2024, with grid-scale segment the driver of this, market intelligence firm Rho Motion says.
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This information was prepared as an account of work sponsored by an agency of the U.S. Government. Neither the U.S. Government nor any agency thereof, nor any of their employees,
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This makes the use of new storage technologies and smart grids imperative. Energy storage systems – from small and large-scale batteries to power-to-gas technologies – will play a
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U.S. battery storage capacity has been growing since 2021 and could increase by 89% by the end of 2024 if developers bring all of the energy storage systems they have
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A record-breaking 380MW of residential storage was installed in the fourth quarter, marking an increase of 6% over the year ago period. Meanwhile, 145MW of
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To support the global transition to clean electricity, funding for development of energy storage projects is required. Pumped hydro, batteries, hydrogen, and thermal storage
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Technology costs for battery storage continue to drop quickly, largely owing to the rapid scale-up of battery manufacturing for electric vehicles, stimulating deployment in the power sector.
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The global energy storage market added 175.4 GWh of installed capacity in 2024, with the three major regional markets—China, the Americas, and Europe—continuing to
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The policy and regulatory roadmap is aimed at pushing China''s installed base of large-scale energy storage – primarily lithium-ion battery energy storage systems (BESS) – to 180GW by the end of 2027.
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Global installed energy storage capacity by scenario, 2023 and 2030 - Chart and data by the International Energy Agency.
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According to TrendForce''s estimates, the surge in demand for large-scale commercial and industrial energy storage in 2024 is set to fuel substantial growth in the global energy storage sector. In terms of
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China accounts for approximately two thirds of the installed capacity of grid scale BESS worldwide. It is followed by the US which accounts for roughly 25% of the total installed market.
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To address challenges from large-scale renewable development and the establishment of a new power system, State Grid Xinjiang has been implementing a
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The country''s latest future energy plan published by its government “significantly elevates its short-term energy storage installation goals,” and rapid short-term growth is expected in a market that
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Figure 2: Cumulative installed capacity of new energy storage projects commissioned in China (as of the end of June 2023) In the first half of 2023, China''s new energy storage continued to develop at a
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This EPRI Battery Energy Storage Roadmap charts a path for advancing deployment of safe, reliable, affordable, and clean battery energy storage systems (BESS) that also cultivate equity, innovation, and
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This treemap, created in partnership with the National Public Utilities Council, visualizes which countries had the most grid-scale battery energy storage systems (BESS) in 2023.
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Cumulative installed storage capacity, 2017-2023 - Chart and data by the International Energy Agency.
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My country is vigorously developing new energy storage projects, showcasing its commitment to renewable energy.
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A Shanghai shopping mall that cuts its electricity bills by 40% using battery storage, while a wind farm in Inner Mongolia avoids wasting enough clean energy to power
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The rapid growth of the scale of new energy storage installed capacity indicates that my country has made key progress in building a new power system and provides solid
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