Solar energy storage policy 2025

Will energy storage growth continue through 2025?

With developers continuing to add new capacity, including 9.2 GW of new lithium-ion battery storage capacity in 2024 through November 2024 and comparable levels of growth expected through the fourth quarter of 2024, energy storage investments and M&A activity are expected to continue this trajectory through 2025.

How much battery storage does the world have in 2024?

In 2024, the world added 77GW of battery storage, a 75 per cent jump from the previous year, with nearly 80 per cent of it built for large-scale renewables, according to the IEA. Renewable energy company Masdar plans to build a solar plant in Abu Dhabi that will rely on a 19 gigawatt hours battery system to stabilise its solar power © Masdar

Is China entering a new era of energy storage demand?

Mainland China accounts for most of the global energy storage demand, driven in the near term by regional requirements for new utility-scale wind and solar projects to include energy storage capacity. However, the Chinese market is entering an era of change.

Will energy storage grow in 2024?

The energy storage sector maintained its upward trajectory in 2024, with estimates indicating that global energy storage installations rose by more than 75%, measured by megawatt-hours (MWh), year-over-year in 2024 and are expected to go beyond the terawatt-hour mark before 2030.