The US’ installed base of utility-scale battery energy storage systems (BESS) increased by 80% in 2022, as the industry had a record-breaking year.

Corporate funding activity into battery storage companies in the first quarter of 2023 fell considerably year-on-year and quarter-on-quarter, according to research from Mercom Capital.  

The Australian market for residential battery storage grew by an estimated 55% in 2022 from the previous year, according to SunWiz.

Germany’s installed based of large-scale energy storage predicted to roughly double in the next couple of years, after 2022 saw a comeback.

The US energy storage sector deployed 4.8GW in 2022, close to the combined amount installed in 2020 and 2021.

The number of people in the US working in battery storage continued to grow in 2021, adding nearly 3,000 jobs from the previous year.

Battery storage is leading provider of frequency control ancillary services (FCAS) in the National Electricity Market.

The global energy storage market will grow to deploy 58GW/178GWh annually by 2030, according to forecasting by BloombergNEF.

The UK energy markets’s appetite for battery energy storage systems has grown and grown.