Applications: Battery Energy Storage Systems (BESS)
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China And US Markets Lead In BESS Deployments The US and China are the clear leaders when it comes to BESS deployment:
Collectively these two markets account for approximately 70% of all BESS projects in 2024, on a power basis
Mainland China’s BESS installations were the clear market leader in 2024. They added 36 GW / 84 GWh for full-year 2024, up 64% on a GW-basis from 2023
U.S. energy storage deployments across all segments are expected to reach 13 GW / 41 GWh for full-year 2024, up 72% on a GW-basis from 2023
Source: Data provided by BloombergNEF (Distinguished Partner).
2024 US New BESS Capacity
2024 China New BESS Capacity
Extracted from the PDF; charts and images may read imperfectly.
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