Applications: Battery Energy Storage Systems (BESS)

Global BESS Deployments Soar The “Decade of Energy Storageˮ continues to exceed expectations, with 69 GW / 169 GWh of new Battery Energy Storage Systems BESS installed in 2024. This brought cumulative global BESS capacity to 150 GW / 363 GWh, led by Li-ion batteries which represented over 98% of battery installations in 2024. GLOBAL BESS POWER CAPACITY ADDITIONS GW GLOBAL CUMULATIVE BESS POWER GW

GLOBAL BESS ENERGY CAPACITY ADDITIONS GWH GLOBAL CUMULATIVE BESS ENERGY CAPACITY GWH

Chart sources: Compiled by PowerSwitch, based on publicly available data from BNEF and Woodmac: 2020 Cumulative), 2020, 2021, 2022, 2023, 2024 Li-ion fraction: Rho Motion (via Energy Storage News)

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