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.
While power demand is expected to continue to see strong growth in 2025 and beyond, the growth rate of low-carbon energy sources is now close to covering the entire demand increase. Global installed energy storage is on a steep upward trajectory.
The report also notes that the US commissioned 11.9GW of battery energy storage system (BESS) capacity last year, a 55% increase from the previous year, the fifth consecutive year of record-breaking additions.
This edition of the Global Energy Review is the first comprehensive depiction of the trends that took place in 2024 across the entire energy sector, covering data for all fuels and technologies, all regions and major countries, and energy-related carbon dioxide (CO 2) emissions. The latest data show that the world''s appetite for energy rose at a faster-than-average pace in 2024, resulting
Solar and battery storage are expected to lead new US generating capacity additions in 2025, says the US Energy Information Administration (EIA).
The report also notes that the US commissioned 11.9GW of battery energy storage system (BESS) capacity last year, a 55% increase from the previous year, the fifth consecutive year of record-breaking additions.
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, the sector continues to grow as developers push forward with larger and larger utility-scale projects.
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.
This edition of the Global Energy Review is the first comprehensive depiction of the trends that took place in 2024 across the entire energy sector, covering data for all fuels and technologies, all regions and major countries, and energy
China''s National Energy Administration (NEA) has released the China New Energy Storage Development Report 2025, marking the first official and comprehensive government report dedicated to the country''s rapidly advancing new energy storage (NES) sector.
The U.S. is on track to add 60 GW 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%. Most of the growth would come from wind and storage, not solar.
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).
Solar power and battery storage are expected to lead new U.S. generating capacity additions in 2025, according to the Energy Information Organization (EIA). The EIA expects 63 gigawatts (GW) of new utility-scale electric-generating capacity to be added to the U.S. grid in 2025.
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.
Highlights from the 2025 Energy Storage Report According to the NEA, 2024 saw the addition of 42.37 GW / 101 GWh in new NES capacity. The average storage duration rose to 2.3 hours, reflecting ongoing improvements in system design and grid integration.
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%.
