"Each phase of the study has indicated a potential coming wave of energy storage, with U.S. installed storage capacity increasing by at least five times by 2050,"
This regulatory environment, paired with direct funding mechanisms, ensures that energy storage will remain a central pillar of the EU''s energy transition strategy in 2025, and governments will continue to
For the power sector, clean-energy additions at or above current levels would likely lead to a structural peak, as clean-energy growth would more than cover electricity demand growth. Together, these sectors
The Department of Energy''s (DOE) Energy Storage Strategy and Roadmap (SRM) represents a significantly expanded strategic revision on the original ESGC 2020 Roadmap.
The energy storage industry''s trajectory in recent years has been nothing short of remarkable, driven by increased customer recognition of these assets'' critical roles in grid services, electricity reliability needs,
Cumulative installations will go beyond terawatt-hour mark by 2030, with lithium-ion providing majority, according to new forecasts.
An analysis of 2030 renewables targets shows that, while renewables markets are surging, governments have not updated renewables ambition in the lead-up to COP29.
To work in clean energy and climate is to live in a constant state of cognitive dissonance, stuck between good news and bad. On the good side, every year brings continuous growth in clean-tech industries,
The cost of clean energy technologies worldwide, such as wind, solar and battery storage, are expected to fall further this year, a report by BloombergNEF showed on Thursday, despite rising
The global energy storage fleet continues to grow in leaps and bounds on the back of the growing demand for clean firm capacity and rapidly falling battery storage prices. However,analysts
As we approach 2025, the energy storage sector is poised for significant growth, driven first and foremost by increasing demand for
As the world continues shifting towards greener energy, embracing these opportunities within the energy storage track not only fuels economic endeavors but also
The ramifications of these changes ripple through investments, shaping the landscape for energy storage initiatives and hindering the confidence of stakeholders. This
Photo: Sunrun The US energy storage market just posted its strongest Q1 ever, adding more than 2 gigawatts (GW) of capacity across all segments, according to the latest US
According to a new report from BloombergNEF, global clean power costs could fall between 2% and 11% this year, despite tariffs. Even with potential trade barriers, the
"Energy Vault continues to execute on our strategic vision, positioning the company at the forefront of the global energy transition," said Robert Piconi, Chairman and
The U.S. energy storage sector is facing significant turbulence as approximately 21 GWh of planned battery cell capacity for 2028 has been either canceled or delayed so far in
Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new
Energy storage track technologies encompass various innovative systems designed to capture and retain energy for later use, enabling efficient energy management and
Let''s face it – the energy storage business park sector isn''t having its best decade. Once hailed as the "holy grail" of renewable integration, these massive battery farms
1. The energy storage sector has gained immense traction due to several factors: 1) Growing demand for renewable energy sources, 2) Technological advancements in
Energy storage is a vital part of the transition to clean energy because it works well with intermittent resources like wind and solar power, storing electricity for use during times of high demand.
Subscribe to Newsletter Energy-Storage.news meets the Long Duration Energy Storage Council Editor Andy Colthorpe speaks with Long Duration Energy Storage Council director of markets and technology Gabriel
As battery costs fall and energy density improves, one application after another opens up. We call this the battery domino effect: the act of one market going battery-electric
The rapid growth in the energy storage market continues to drive demand for project financing, and like any other project-financed asset class, lenders will analyze both the amount and
To work in clean energy and climate is to live in a constant state of cognitive dissonance, stuck between good news and bad. On the good side, every year brings
HOUSTON/WASHINGTON, D.C. June 25, 2025 — According to the new U.S. Energy Storage Monitor developed by Wood Mackenzie and the American Clean Power Association (ACP), the
Regarding energy storage batteries, the August market demand fell below expectations. Simultaneously, the slowing production pace of battery manufacturers, influenced by weakened overseas market
This chapter describes recent projections for the development of global and European demand for battery storage out to 2050 and analyzes the underlying drivers, drawing
A 1GWh solar co-located BESS, at the Sonoran Solar Energy Center project in Arizona, which came online during the start of 2024. Image: NextEra Energy Resources. The
With developers continuing to add new capacity, including 9.2 GW of new lithium-ion battery storage capacity in 2024 through November 2024 and comparable levels of growth expected through the fourth quarter of 2024, energy storage investments and M&A activity are expected to continue this trajectory through 2025.
This is evident in many of the world’s leading regional energy storage markets, such as California, the UK and Texas’ ERCOT market, where average durations are in the range of 2- to 4-hour durations today versus perhaps an hour or less just a couple of years ago.
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.
The Q1 2025 results demonstrate the demand for energy storage in the US to serve a grid with both growing renewables and growing load,” said Allison Weis, global head of energy storage at Wood Mackenzie. “However, the industry stands at a crossroads, with potential policy changes threatening to disrupt this momentum.”
The energy storage sector maintained its upward trajectory in 2024, with estimates indicating that global energy storage installations rose by more than 75%, measured by megawatt-hours (MWh), year-over-year in 2024 and are expected to go beyond the terawatt-hour mark before 2030.
Continued expansion of intermittent renewable energy, ESG-focused investments, the growing versatility of storage technologies to provide grid and customer services, and declining costs for key components like lithium-ion batteries all played a significant role in driving the investment and development of energy storage.
