The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

forecast

April 10, 2024
Australia’s battery storage market had a record-breaking year in 2023 across utility-scale, residential, and commercial and industrial (C&I) segments.
April 2, 2024
Europe has seen its first year when energy storage deployments by power capacity exceeded 10GW in 2023.
March 1, 2024
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.
January 4, 2024
Analysis firm EnergyTrend has forecast that a “surge” in global large-scale energy storage system deployments is likely in 2024.
December 22, 2023
Energy storage systems (ESS) will become India’s most invested-in clean energy asset class during this decade, but it’s likely to be pumped hydro, not lithium-ion batteries, that see the most deployments.
November 27, 2023
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.
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October 25, 2023
Australia’s National Electricity Market (NEM) has been handed the title of “most volatile electricity market” in the world, with an urgent need for energy storage to mitigate that volatility.
October 18, 2023
Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new forecasts.
November 1, 2022
Justin Rangooni, executive director of Energy Storage Canada, explains why hitting the country’s 2050 net zero target will be impossible without at least 8GW of energy storage by 2035.
April 10, 2019
Grid-connected energy storage deployments have enjoyed a compound annual growth rate (CAGR) of 74% worldwide in the years 2013 to 2018, with a “boom” in deployment figures expected over the next five years, analysis firm Wood Mackenzie has said.

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