2025 Predictions: Evolving Energy Markets
The energy industry is facing unprecedented changes — rising electricity demand, evolving market dynamics, and a shifting political
Grid-scale storage deployments alone are expected to reach 13.3 GW in 2025. Across all segments, Wood Mackenzie expects 15 GW of storage deployments, growing another 25% over the record year of 2024. “Energy storage has entered a new phase of growth with its first year of double-digit deployment.
Storage deployment grew across all segments and is forecast to grow another 25% in 2025, according to Wood Mackenzie. Across all segments, including residential, commercial and industrial, and utility-scale, energy storage had year-over-year deployment growth in 2024.
Over 12.3 GW and 37.1 GWh of energy storage was deployed in the U.S. in 2024, Wood Mackenzie and the American Clean Power Association (ACP) reported. This represents 33% and 34% growth respectively over 2023 totals. Grid-scale storage deployments alone are expected to reach 13.3 GW in 2025.
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%.
That makes Q1 2025 the biggest first quarter for energy storage in US history. The surge was led by utility-scale projects, which accounted for over 1.5 GW of the new capacity, a 57% jump compared to Q1 2024. Surging energy demand is putting the electric grid under strain,” said John Hensley, SVP of markets and policy analysis at ACP.
This represents 33% and 34% growth respectively over 2023 totals. Grid-scale storage deployments alone are expected to reach 13.3 GW in 2025. Across all segments, Wood Mackenzie expects 15 GW of storage deployments, growing another 25% over the record year of 2024.
The energy industry is facing unprecedented changes — rising electricity demand, evolving market dynamics, and a shifting political
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Grid-scale storage deployments alone are expected to reach 13.3 GW in 2025. Across all segments, Wood Mackenzie expects 15 GW of
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30 GW Energy storage target by 2025 at a federal level. Multiple provincial targets will likely exceed this.
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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,
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Global energy storage capacity outlook 2024, by country or state Leading countries or states ranked by energy storage capacity target worldwide in 2024 (in gigawatts)
The Wood Mackenzie/American Clean Power U.S. Energy Storage Monitor forecasts 15.2 GW/48.7 GWh of capacity will be added in 2025 across
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CampusEnergy2025, coming to the Westin Boston Seaport District, February 3-6, is an unparalleled opportunity to learn from industry experts, discover cutting
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
In the near term, the report expects 15 GW/49 GWh of new storage capacity to be installed across all segments in 2025, with utility-scale
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