New report: European battery storage grows 15% in 2024, EU energy
21.9 GWh of battery energy storage systems (BESS) was installed in Europe in 2024, marking the eleventh consecutive year of record breaking-installations, and bringing
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.
Battery storage. In 2025, capacity growth from battery storage could set a record as we expect 18.2 GW of utility-scale battery storage to be added to the grid. U.S. battery storage already achieved record growth in 2024 when power providers added 10.3 GW of new battery storage capacity.
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).
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). Through 2035, BNEF expects the market to grow at a 14.7% compound annual rate, reaching annual additions of 220 GW/972 GWh.
In the United States, the 2022 introduction of the Inflation Reduction Act included an investment tax credit for stand-alone storage. Since then we have seen huge growth in the sector in the US, and we expect to see this to continue into 2025, with several large-scale battery storage projects set to complete in 2025.
Tenders held by the province of Ontario could see Canada add more than 2 GWh of energy storage during the year. A 2.6 GWh project by BYD and a 7.8 GWh site for Sungrow will help Saudi Arabia lead as the Middle East and Africa is expected to add 13 GWh of energy storage in 2025, up 381%, year on year.
21.9 GWh of battery energy storage systems (BESS) was installed in Europe in 2024, marking the eleventh consecutive year of record breaking-installations, and bringing
Cumulative installed storage capacity, 2017-2023 - Chart and data by the International Energy Agency.
China''s installed energy storage capacity reached 164 GW by June 2025, according to the China Energy Storage Alliance (CNESA). More than 100 GW came from new energy
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,
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
The Energy Information Administration said cumulative solar installations are expected to double from 91 GW to 182 GW from the end of
The most notable finding: by the end of 2024, China had reached 73.76 GW / 168 GWh in cumulative new energy storage capacity—an increase of more than 130% year-on
Global installed energy storage capacity by scenario, 2023 and 2030 - Chart and data by the International Energy Agency.
The remarkable growth in U.S. battery storage capacity is outpacing even the early growth of the country''s utility-scale solar capacity.
145 MW of community-scale, commercial and industrial (CCI) storage was installed in 2024, a 22% increase over the previous year.
Last year, the number of newly installed residential battery energy storage systems in Germany fell slightly. In contrast, the capacity of large
China''s electrochemical energy storage industry saw explosive growth in 2024, with total installed capacity more than doubling year-on-year,
There is now 150GW/348GWh of globally installed capacity, according to the database, which focuses on grid-scale battery energy storage
Battery storage in the power sector was the fastest growing energy technology in 2023 that was commercially available, with deployment more
The U.S. battery storage market achieved unprecedented growth in 2024, fueled by the need for renewable energy integration and improved
Visualizing the Top 20 Countries by Battery Storage Capacity Over the past three years, the Battery Energy Storage System (BESS) market
According to our calculations, domestic new installed capacity of behind-the-meter energy storage will reach 5.78GW/12.71GWh in 2025, with a
China is targeting installed battery energy storage capacity of 30GW by 2025 and grew its battery production for storage 146% last year.
Let''s cut to the chase - if energy storage were a rock band, 2025 would be its world tour year. With China''s new energy storage capacity projected to hit 131.3GW and global
Almost 600,000 new stationary battery storage systems were installed across Germany in 2024, increasing the country''s storage capacity
Meanwhile, states such as Wisconsin, Oregon, Minnesota, Idaho, Indiana, and New Mexico are collectively planning to install nearly 9 GWh of
This EPRI Battery Energy Storage Roadmap charts a path for advancing deployment of safe, reliable, affordable, and clean battery energy
The global battery storage power capacity is set for remarkable growth, with projections indicating a surge from ** gigawatts in 2022 to an
This graphic highlights the top 20 battery storage capacity markets by current and planned grid capacity in gigawatt hour (GWh).
of clean energy capacity in 2025, according to developer projections. If those numbers hold, that would represent 26% growth, compared to 2023''s growth rate of 47%.
In 2024 alone, China added 42.37 GW/101.13 GWh of new storage capacity (excluding pumped hydro), with an average discharge duration of 2.3
GW = gigawatts; PV = photovoltaics; STEPS = Stated Policies Scenario; NZE = Net Zero Emissions by 2050 Scenario. Other storage
In the United States, cumulative utility-scale battery storage capacity exceeded 26 gigawatts (GW) in 2024, according to our January 2025 Preliminary Monthly Electric
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
InfoLink expects the energy storage market to maintain its growth trajectory this year, with 221.9 GWh of capacity to be added, up 26.5% from
The group also reported that the United States surpassed 30-GW of battery storage nationwide at the end of March 2025, representing a 65%
According to Rho Motion''s BESS database as of February 2025, by 2027 the top 20 countries'' deployed BESS grid capacity will have grown by
Solar and battery storage are expected to lead new US generating capacity additions in 2025, says the US Energy Information Administration (EIA). Meanwhile,
We expect 63 gigawatts (GW) of new utility-scale electric-generating capacity to be added to the U.S. power grid in 2025 in our latest Preliminary Monthly Electric Generator
US energy storage set a Q1 record in 2025 with 2 GW added, but looming policy changes could put that growth at serious risk.
Battery storage, seen by many as the bridge which makes intermittent renewable energies more resilient and longer duration, is
China will remain a global leader in the energy storage market as they continue to make significant investments in grid-connected batteries,
Steady and Rapid Growth of New-Type Energy Storage in H1 2025. Installed Capacity. By the end of the first half of 2025, China''s new-type energy storage had maintained
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