This report covers the following energy storage technologies: lithium-ion batteries, lead–acid batteries, pumped-storage hydropower, compressed-air energy storage, redox flow batteries, hydrogen, building thermal energy storage, and select long-duration energy storage technologies.
This study examines the potential revenue of energy storage systems, using both historical reported revenue data and price-taker analysis of historical and projected future prices.
Given the ever-changing landscape of energy storage technologies, some of the equipment providers and service providers are new entrants and may not have strong financials.
While energy storage is already being deployed to support grids across major power markets, new McKinsey analysis suggests investors often underestimate the value of energy storage in their business cases.
To support the global transition to clean electricity, funding for development of energy storage projects is required. Pumped hydro, batteries, hydrogen, and thermal storage are a few of the
The Energy Storage Market Report 2025 presents a detailed overview of firmographic trends, innovation intensity, and funding activity of the global energy storage sector. It tracks growth across emerging hubs, maps workforce development, and analyzes patent and grant momentum.
While energy storage is already being deployed to support grids across major power markets, new McKinsey analysis suggests investors often underestimate the value of energy storage in their business cases.
The global energy storage market is fostered by the growing interest in renewable power technologies like solar and wind, as well as efforts to upgrade power infrastructure.
Factors such as an increasing energy density of batteries, increasing penetration of EVs, the second life of LiBs batteries as an energy storage device to give a significant boot to the energy storage market.
Our goal is to give an overview of the profitability of business models for energy storage, showing which business model performed by a certain technology has been examined and identified as rather profitable or unprofitable.
