Ontario’s electricity system will be able to handle rising demand, thanks in part to new battery energy storage systems (BESS).

A total 3.8GW/9.9GWh of energy storage was deployed in the US in the third quarter of 2024, according to Wood Mackenzie’s US Energy Storage Monitor.

The energy storage market in Ireland continues to show strong growth potential. While still in the early stages of site construction, new additions are now providing a strong uptick in activity. 

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The US energy storage industry saw its highest-ever first-quarter deployment figures in 2024, with 1,265MW/3,152MWh of additions.

Europe’s annual battery storage deployments doubled in 2023, but the pace of adoption is still much slower than required, according to SolarPower Europe.

According to IEA and BloombergNEF, battery storage was the most invested-in energy tech, with biggest-ever growth in deployments recorded.

Australia’s battery storage market had a record-breaking year in 2023 across utility-scale, residential, and commercial and industrial (C&I) segments.

Europe has seen its first year when energy storage deployments by power capacity exceeded 10GW in 2023.

London Stock Exchange-listed battery storage investment firm Harmony Energy Income Trust (HEIT) has predicted that it can generate “attractive returns” despite the ongoing woes in battery energy storage revenues in the GB market.