Applications: Battery Energy Storage Systems (BESS)
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Global Investments Surge In Battery Storage A fivefold growth since 2018: Investments in battery storage have soared to meet the demands of electrification and renewable integration. Record Investment Growth in Battery Storage
Global investment in battery storage is expected to exceed $50 billion in 2024, with a 70% increase in 2023, led by the US and Europe
Total investment: $150 billion, with $115 billion in EV batteries and $40 billion in energy storage
Dominant regions: 90% of funding concentrated in China, Europe, and the US
GLOBAL INVESTMENT IN EV BATTERIES AND BATTERY STORAGE, 2018-2023
Venture Capital Focus
$6 billion funding for innovations like new chemistries and battery recycling- Technology investment
15% of funds directed to recycling and alternatives to lithium- Technology investment Top Developers Leading the Charge
China Energy Investment: 11.8 GW capacity-Deployment
NextEra Energy: 10.9 GW in the US.- Deployment
Engie: Expanding across EU, US, and Latin America with 6.3 GW planned- Deployment
Source: Batteries and Secure Energy Transitions World Energy Outlook Special Report, RechargeNews
Technology investments are driving innovation and sustainability, deployment investments are focusing on scaling and integration into existing energy systems.
Extracted from the PDF; charts and images may read imperfectly.
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