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Europe installed 12GW of energy storage in 2024; EU state aid boost to come

April 1, 2025
A total of 11.9GW of energy storage across all scales and technologies was installed in Europe in 2024, bringing cumulative installations to 89GW.
Turnkey systems excluding EPC and grid connection costs saw their biggest reduction since BNEF's survey began in 2017. Image: BNEF.
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Behind the numbers: BNEF finds 40% year-on-year drop in BESS costs

February 5, 2025
BNEF analyst Isshu Kikuma discusses trends and market dynamics impacting the cost of energy storage in 2024 with ESN Premium.
Wood Mackenzie forecasted 62GW of cumulative grid-scale additions between 2024-2028 and about 10GW of residential. Image: Wood Mackenzie

US set grid-scale BESS deployment record in second quarter of 2024

October 2, 2024
With more than 3GW of new deployments in the second quarter of this year, “energy storage is becoming a mainstay of the power grid” in the US.
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BESS prices in US market to fall a further 18% in 2024, says CEA

February 7, 2024
After coming down last year, the cost of containerised BESS solutions for US-based buyers will come down a further 18% in 2024, Clean Energy Associates (CEA) said.
The sector deployed 7,322MWh in Q3, 6,848MWh of which was in the grid-scale segment. Image: Wood Mackenzie

US energy storage deployments at record high but ‘multiple headwinds have emerged this year’

December 14, 2023
The US energy storage industry’s upward growth trajectory has seen another record-breaking quarter, with 2,354MW and 7,322MWh of deployments in Q3 2023, according to Wood Mackenzie.
LG Energy Solution provided battery racks to Moss Landing Energy Storage Facility, California, the biggest battery storage system in the world at 3GWh capacity. Image: LG Energy Solution.

Record growth for US BESS industry, but ‘2GW impacted by supply chain, interconnection challenges’

September 25, 2023
The US energy storage industry enjoyed another quarter of record growth in Q2 2023, with 1,680MW/5,597MWh of new installations tracked by Wood Mackenzie.
Inauguration of India's first 10MW grid-scale BESS, in 2019. Image: Tata Power.

India requires 74GW/411GWh of energy storage by 2032, according to National Electricity Plan

September 5, 2023
The Indian government has published a framework for promoting the use of energy storage aimed at enabling dispatchable renewable energy, more reliable grids, and economic development.
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Ees Europe 2023: Energy storage at Europe’s biggest clean energy industry show – Pt1

June 15, 2023
Energy storage-related highlights and insights across different scales, applications and technologies at this year’s ees Europe show.
Seed and Greet EV charge station, one of just two projects in Germany featuring large-scale BESS at an EV charging facility. Image: Tesvolt.

Germany’s grid-scale BESS installs up 910% but still under half a gigawatt in 2022

March 30, 2023
Germany’s installed based of large-scale energy storage predicted to roughly double in the next couple of years, after 2022 saw a comeback.
Image: Wood Mackenzie Power & Renewables.

US installed almost as much battery storage in 2022 as previous two years combined

March 15, 2023
The US energy storage sector deployed 4.8GW in 2022, close to the combined amount installed in 2020 and 2021.

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