The amount invested in energy storage soared globally during 2023, while battery manufacturing will require the biggest share of spending among clean energy technologies by 2030 to achieve net zero.

This Friday Briefing looks at some big new projects already announced this year and the new BloombergNEF Tier-1 BESS list.

After a difficult couple of years which saw the trend of falling lithium battery prices temporarily reverse, a 14% drop in lithium-ion (Li-ion) battery pack cost from 2022-2023 has been recorded by BloombergNEF.

Annual battery energy storage system (BESS) installations will grow by 10x between 2022 and 2030, according to research firm Rystad Energy.

The inaugural Energy Storage Awards: recognising excellence, hard work and innovation in the European industry.

A total of 16GW was added last year, equivalent to a 68% of year-on-year growth.

Lithium-ion battery pack prices have gone up 7% in 2022, marking the first price rise since BloombergNEF began its surveys in 2010.

China continues to lead rankings for involvement in the global battery supply chain, but the chasing pack of other countries is in flux.

Recent policy developments in the US and European Union represent a considerable uplift to prospects for global energy storage deployment.

Supply chain constraints impacting the energy storage industry have come at a “critical” stage for the sector’s development, a BloombergNEF analyst has said.