Applications: Battery Energy Storage Systems (BESS)
Pages 137–173 (37 pages)
Text on page 139
Growth In BESS Power Additions Last Year Exceeded 55% YoY GLOBAL ADDITIONS BESS POWER GW
Source: Main content provided by BloombergNEF Distinguished Partner).
2024 global BESS deployments of 69GW represent a 55% increase from 2023 deployments on a power basis
Battery projects are surging around the globe, but dominated by a few key countries / regions: China 36GW, US13GW, Europe(10GW) and Australia 2GW
The Economist called grid-scale storage the “fastest-growing energy technologyˮ in 2024
The 2020s have continued to meet expectations that this will be the decade of energy storage
Extracted from the PDF; charts and images may read imperfectly.
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