Industry
Applications: Battery Energy Storage Systems (BESS)
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Growth In BESS Power Additions Last Year Exceeded 55% YoY GLOBAL ADDITIONS BESS POWER (GW)
Source: Main content provided by BloombergNEF (Distinguished Partner).
2024 global BESS deployments of 69GW represent a 55% increase from 2023 deployments on a power basis
Battery projects are surging around the globe, but dominated by a few key countries / regions: China (36GW), US(13GW), Europe(10GW) and Australia (2GW)
The Economist called grid-scale storage the “fastest-growing energy technology” in 2024
The 2020s have continued to meet expectations that this will be the decade of energy storage
Extracted from the PDF; charts and images may read imperfectly.
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