Applications: Battery Energy Storage Systems (BESS)
Pages 137–173 (37 pages)
Text on page 141
China And US Markets Lead In BESS Deployments The US and China are the clear leaders when it comes to BESS deployment:
Collectively these two markets account for approximately 70% of all BESS projects in 2024, on a power basis
Mainland Chinaʼs BESS installations were the clear market leader in 2024. They added 36 GW / 84 GWh for full-year 2024, up 64% on a GW-basis from 2023
U.S. energy storage deployments across all segments are expected to reach 13 GW / 41 GWh for full-year 2024, up 72% on a GW-basis from 2023
Source: Data provided by BloombergNEF Distinguished Partner).
2024 US New BESS Capacity
2024 China New BESS Capacity
Extracted from the PDF; charts and images may read imperfectly.
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