Charlotte Gisbourne, market analyst at PV Tech Research discusses trends and movements in the Q1 2025 edition of the EnergyStorageTech Bankability Ratings report.

A total of 11.9GW of energy storage across all scales and technologies was installed in Europe in 2024, bringing cumulative installations to 89GW.

Regulators earlier this month approved a scheme to support grid-scale energy storage facilities, aligned with New York’s 6GW by 2030 policy target.

Suitable energy storage project sites are quickly being snapped up in Australia’s National Electricity Market (NEM), with a premium on grid location.  

BloombergNEF (BNEF) has found that utility-scale BESS uptake in Australia could increase eightfold to 18GW in 2035, up from 2.3GW in 2024.

California-headquartered developer esVolta has acquired a 150MW/300MWh standalone BESS in Texas, US, from Black Mountain Energy Storage (BMES).

A panel of developers, operators, OEMs and consultants discussed the different government approaches in Europe to ensuring long-term deployment of energy storage with revenue and capex support schemes, at last month’s Energy Storage Summit EU 2025.

Mark Croudace, executive representative of the LDES Council, questioned what technologies will join lithium-ion on the energy storage podium.

Battery storage will help ERCOT manage a doubling of peak demand in Texas in the next five years, said the keynote speaker on Day One of the Energy Storage Summit USA 2025 which kicked off today in Dallas (26 March).

Peregrine Energy Solutions’ 145MW BESS project in Texas is under threat after county commissioners passed a resolution opposing the development of any new battery storage facilities.