BloombergNEF forecasts a record 94 GW (247 GWh) of utility-scale storage in 2025—a 35% rise—driven by China’s storage mandates. US tariffs, policy shifts and LFP dominance will drive growth to 220 GW/972 GWh by 2035. The global energy storage sector is on track for another record year in 2025 as utility-scale projects expand into new regions.
The global energy storage sector is on track for another record year in 2025 as utility-scale projects expand into new regions. BloombergNEF (BNEF) forecasts that developers will add 94 gigawatts (247 gigawatt-hours) of battery capacity this year, a 35% increase over 2024 and the highest annual total to date (excluding pumped hydro).
BEIJING, Jan. 24 -- China''s new energy storage sector has seen a rapid growth in 2024, with installed capacity surpassing 70 million kilowatts, said an official with the National Energy Administration (NEA).
Global installed energy storage is on a steep upward trajectory. From just under 0.5 terawatts (TW) in 2024, total capacity is expected to rise ninefold to over 4 TW by 2040, driven by battery energy storage systems (BESS). Last year saw a record-breaking 200 gigawatt-hours (GWh) of new BESS projects coming online, a growth rate of 80%.
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The government’s target to deploy at least 300 GW of new energy storage by 2030 will require sustained diversification to ensure …
China''s new energy storage sector has seen a rapid growth in 2024, with installed capacity surpassing 70 million kilowatts, said an official with the National Energy …
The global energy storage market is poised to hit new heights yet again in 2025. Despite policy changes and uncertainty in the world’s two largest markets, the US and China, …
China''s new energy storage sector saw rapid growth in 2024, with installed capacity surpassing 70 million kilowatts, said an official with the National Energy Administration.
The energy storage systems market size exceeded USD 668.7 billion in 2024 and is expected to grow at a CAGR of 21.7% from 2025 to 2034, driven …
The global energy storage sector is on track for another record year in 2025 as utility-scale projects expand into new regions. …
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 …
Global energy storage system (ESS) shipments soared to a record 286 GWh in 2025, with industry heavyweights like Tesla and leading Chinese manufacturers such as BYD …
Particularly, among the eight new energy fields analyzed, solar energy, energy storage and hydrogen have the largest research …
The energy storage systems market size exceeded USD 668.7 billion in 2024 and is expected to grow at a CAGR of 21.7% from 2025 to 2034, driven by the rising demand for grid stabilization …
When the sun doesn’t shine and the wind doesn’t blow, humanity still needs power. Researchers are designing new technologies, from reinvented batteries to compressed air and …
China''s nationwide installed capacity of new-type energy storage has exceeded 100 GW, more than 30 times the level at the end of the 13th Five-Year Plan period.
Wang said China has achieved an early global leadership position in the key technological field of new energy storage, which is …
The global energy storage sector is on track for another record year in 2025 as utility-scale projects expand into new regions. BloombergNEF (BNEF) forecasts that …
China''s new energy storage sector saw rapid growth in 2024, with installed capacity surpassing 70 million kilowatts, said an official with …
The government’s target to deploy at least 300 GW of new energy storage by 2030 will require sustained diversification to ensure resilience against supply chain bottlenecks …
Global installed energy storage is on a steep upward trajectory. From just under 0.5 terawatts (TW) in 2024, total capacity is expected to rise ninefold to over 4 TW by 2040, …
Energy-Storage.news Premium speaks with John Farrell, Co-Director of The Institute for Local Self-Reliance (ILSR), on rising utility …
The global new energy storage market has also been expanding rapidly in recent years, with a 99.6 percent year-on-year growth and 91.3 GW in cumulative installed capacity in …
A technician works with power lines at Daqing Oilfield in Heilongjiang province in April. XIE JIANFEI/XINHUA The global new …
Latest developments in photovoltaic container technology, energy storage advancements, PV power station products, and industry insights from our team of renewable energy experts.
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