Rho Motion’s head of research Iola Hughes analyses some of the trends shaping the battery storage supply chain as market growth accelerates worldwide.

Volume 41 of our downstream journal, PV Tech Power, is out now and available to Energy-Storage.news Premium subscribers.

India’s cumulative battery energy storage system (BESS) installations stood at 219.1MWh at the end of March 2024, according to Mercom India.

The energy storage market in Ireland continues to show strong growth potential. While still in the early stages of site construction, new additions are now providing a strong uptick in activity. 

The UK and Ireland’s energy storage pipeline is rapidly growing, with co-located solar PV and storage comprising around 20% of planned capacity, writes Mollie McCorkindale of Solar Media Market Research.

According to IEA and BloombergNEF, battery storage was the most invested-in energy tech, with biggest-ever growth in deployments recorded.

Europe has seen its first year when energy storage deployments by power capacity exceeded 10GW in 2023.

The US’ cumulative battery storage installations reached 14.689GW at the end of Q3 2023, with Texas’ ERCOT market contributing 40% of new additions during the quarter.

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.

Europe’s biggest battery storage system earned £2.3 million (US$2.85 million) revenues in Q1 2023.