The global energy storage sector is on track for another record year in 2025 as utility-scale projects expand into new regions. BloombergNEF (BNEF) forecasts that developers will add 94 gigawatts (247 gigawatt-hours) of battery capacity this year, a 35% increase over 2024 and the highest annual total to date (excluding pumped hydro).
BEIJING, Sept. 12 -- China on Friday unveiled an action plan to promote the development of new forms of energy storage between 2025 and 2027, amid efforts to support green energy transition and ensure the stability of new-type power systems.
Globally, annual energy storage deployment (excluding pumped hydropower plants) is set to hit another all-time high at 92 gigawatts (247 gigawatt-hours) in 2025 – 23% higher than in 2024. China accounts for over 50% of the annual build in gigawatts, followed by the US at 14%.
BloombergNEF expects cumulative energy storage capacity in 2035 to reach 2 terawatts (7.3 terawatt-hours) – eight times the level in 2025. Utility-scale projects continue to dominate applications. See 2H 2025 Energy Storage Market Outlook for more details.
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Among them, some provinces such as Inner Mongolia, Yunnan, Tianjin, Ningxia, and Zhejiang have publicly disclosed new energy storage project installations with long …
Global energy storage additions are on track to set another record in 2025 with the two largest markets – China and US – overcoming adverse policy shifts and tariff turmoil. …
• The average energy storage duration of new projects in Xinjiang, Inner Mongolia, and Qinghai exceeded 3.5 hours. • Inner Mongolia saw 17 projects start construction in June, …
China on Friday unveiled an action plan to promote the development of new forms of energy storage between 2025 and 2027, amid efforts to support green energy transition and …
The rapid growth in the energy storage market continues to drive demand for project financing, and like any other project-financed asset class, lenders will analyze both the …
Why 2025 Is a Pivotal Year for China’s Energy Storage Boom Ever wondered how China plans to power its green revolution? Look no further than its 2025 energy storage …
For more analysis of China’s user-side energy storage market, refer to the report “2024 Review and 2025 Outlook of China’s User-Side Energy Storage Market” published by …
China continued its high-growth energy storage market expansion in July 2025, with 1,556 new energy storage-related projects filed for registration, according to the Energy …
The global energy storage sector is on track for another record year in 2025 as utility-scale projects expand into new regions. BloombergNEF (BNEF) forecasts that …
The global energy storage market is poised to hit new heights yet again in 2025. Despite policy changes and uncertainty in the world’s two largest markets, the US and China, …
Global energy storage additions are on track to set another record in 2025 with the two largest markets – China and US – overcoming …
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