GlobalData analysis shows that the world is on track to increase global energy storage capacity sixfold by 2030, as agreed upon at COP29. However, implementation will need a paradigm shift.
Global installed energy storage capacity by scenario, 2023 and 2030 - Chart and data by the International Energy Agency.
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.
Ramping up capacity in the energy storage market has been identified as a key step in the efforts to help limit the impacts of climate change. Here, Modern Power Systems magazine takes a look at the latest energy
In 2025, some 80 gigawatts (gw) of new grid-scale energy storage will be added globally, an eight-fold increase from 2021. Grid-scale energy storage is on the rise thanks to four potent...
The global battery industry has been gaining momentum over the last few years, and investments in battery storage and power grids surpassed 450 billion U.S. dollars in 2024.
Batteries need to lead a sixfold increase in global energy storage to enable the world to meet 2030 targets, according to a new report from the International Energy Agency (IEA).
Batteries need to lead a sixfold increase in global energy storage to enable the world to meet 2030 targets, according to a new report from the International Energy Agency (IEA).
In 2025, some 80 gigawatts (gw) of new grid-scale energy storage will be added globally, an eight-fold increase from 2021. Grid-scale energy storage is on the rise thanks to four potent...
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.
Breakthroughs in battery technology are transforming the global energy landscape, fueling the transition to clean energy and reshaping industries from transportation to utilities.
Breakthroughs in battery technology are transforming the global energy landscape, fueling the transition to clean energy and reshaping industries from transportation to utilities.
Ramping up capacity in the energy storage market has been identified as a key step in the efforts to help limit the impacts of climate change. Here, Modern Power Systems magazine takes a look at the latest energy storage developments.
The COP29 commitment to increase global energy storage capacity six times above 2022 levels, reaching 1,500 gigawatts by 2030, will require governments to further incentivise and regulate the energy storage market in the coming year.
The COP29 commitment to increase global energy storage capacity six times above 2022 levels, reaching 1,500 gigawatts by 2030, will require governments to further incentivise and regulate the energy storage
