With Document No. 136 scrapping the mandatory energy storage allocation requirement for renewable energy and the rollout of policies governing new energy storage, China’s energy storage market is going through a period of dynamic change.

Europe is on track to reach 100GW of cumulative energy storage deployments this month, according to LCP Delta and Energy Storage Europe.

US battery storage deployments could fall by 29% in 2026 due to ongoing policy uncertainty, according to Wood Mackenzie.

A total of 11.9GW of energy storage across all scales and technologies was installed in Europe in 2024, bringing cumulative installations to 89GW.

BNEF analyst Isshu Kikuma discusses trends and market dynamics impacting the cost of energy storage in 2024 with ESN Premium.

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.

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 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.

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.

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.