Global Energy Storage Boom: Three Things to Know
BloombergNEF expects cumulative energy storage capacity in 2035 to reach 2 terawatts (7.3 terawatt-hours) – eight times the level in 2025. Utility-scale projects continue to dominate
Contact UsThis amount represents an almost 30% increase from 2024 when 48. 6 GW of capacity was installed, the largest capacity installation in a single year since 2002. Together, solar and battery storage acco...
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BloombergNEF expects cumulative energy storage capacity in 2035 to reach 2 terawatts (7.3 terawatt-hours) – eight times the level in 2025. Utility-scale projects continue to dominate
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In 2025, capacity growth from battery storage could set a record with an expected 18.2 GW of utility-scale installations to be added to the grid. US battery storage achieved record growth in 2024 when
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In October 2024, EIA reported that battery storage capacity was expanding rapidly in the U.S., and that trend is also expected to continue into 2025.
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Notably, solar and battery storage are projected to contribute to 81% of these new capacity additions, with solar alone accounting for over 50% of the increase.
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In 2025, capacity growth from battery storage could set a record as EIA expects 18.2 GW of utility-scale battery storage to be added to the grid. US battery storage already achieved record growth in 2024
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Together, solar and battery storage account for 81% of the expected total capacity additions, with solar making up over 50% of the increase. Solar. In 2024, generators added a record
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Battery energy storage capacity meanwhile is undergoing unprecedented growth. A record 10.3 GW of grid-scale storage was added in 2024, and this record is expected to be smashed
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The record solar installation figures helped drive more than 50GW of total renewable energy capacity additions in 2024, with the wind sector adding
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In 2025, capacity growth from battery storage could set a record as EIA expects 18.2 GW of utility-scale battery storage to be added to the grid. US battery storage already achieved record
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In 2023, 6.4 GW of new battery storage capacity was added to the US grid, a 70% annual increase. Texas, with an expected 6.4 GW, and California, with potentially 5.2 GW, will account for 82% of the
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The record solar installation figures helped drive more than 50GW of total renewable energy capacity additions in 2024, with the wind sector adding an additional 5GW of new capacity.
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Battery storage capacity additions through 2026 are expected to outpace wind, small-scale solar and natural gas, according to the Energy Information Administration.
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