Energy storage inverter (PCS) shipments to reach almost 900GW
PCS shipments to front-of-the-meter (FTM) energy storage siting accounted for over 50% of total global shipments over the forecast period (2023–30), with the United States and China
PCS shipments to front-of-the-meter (FTM) energy storage siting accounted for over 50% of total global shipments over the forecast period (2023–30), with the United States and China
To support the global transition to clean electricity, funding for the development of energy storage projects is required. Pumped hydro, batteries,
Global installed energy storage capacity by scenario, 2023 and 2030 - Chart and data by the International Energy Agency.
Globally, annual energy storage deployment (excluding pumped hydropower plants) is set to hit another all-time high at 92 gigawatts (247
US battery storage hits record 5.6 GW in Q2 2025, led by utility-scale growth, but sourcing rules may slow future gains.
Battery energy storage has now entered center stage as as grid asset. The EIA expects 24.3 GW of new battery storage to come online in 2026, surpassing the 15 GW record set in 2025.
Key Findings In 2025, battery energy stationary storage (BESS) installations surpassed 57 GWh/28 GW, a y-o-y increase of 29% (GWh). The utility-scale market underpinned growth with just
In Q1–Q3 2025, global utility-scale storage cell shipments reached 372.36 GWh, up 101.9% YoY, with the full-year shipment volume expected to exceed 500 GWh. In the utility-scale
Total global capacity now stands at approximately 270 GW, with projections indicating the market will reach 1,545 GW by 2034 - nearly a sixfold
In the first three quarters of 2024, newly operational non-hydro energy storage installations reached 20.67 GW/50.72 GWh, representing year-on-year growth of 69% in power
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