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The swift advancement of large-scale energy storage systems will profoundly transform the energy sector. By mitigating the intermittency challenges of renewable energy sources and bolstering grid resilience, these technologies are laying the foundation for a sustainable and dependable energy future.
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).
Breakthroughs in battery technology are transforming the global energy landscape, fueling the transition to clean energy and reshaping industries from transportation to utilities.
As the global energy mix accelerates its transition toward renewable energy, energy storage systems—key to balancing grid fluctuations and enhancing the consumption of green electricity—are facing increasingly urgent demands for
Breakthroughs in battery technology are transforming the global energy landscape, fueling the transition to clean energy and reshaping industries from transportation to utilities.
Grid-scale energy storage is on the rise thanks to four potent forces. The first is the global surge in deployment of solar and wind power, which are intermittent by nature.
This report draws on studies from round the world but is focussed on the need for large-scale electrical energy storage in Great Britain (ie the UK excluding Northern Ireland, where electricity provision is part of a separate Irish market), and how, and at what cost, it might best be met.
Discover how large-scale energy storage systems boost grid flexibility, enable renewables, and power a cleaner, reliable future.
