Applications: Battery Energy Storage Systems (BESS)

Global Investments Surge In Battery Storage A fivefold growth since 2018 Investments in battery storage have soared to meet the demands of electrification and renewable integration. Record Investment Growth in Battery Storage

Global investment in battery storage is expected to exceed $50 billion in 2024, with a 70% increase in 2023, led by the US and Europe

Total investment: $150 billion, with $115 billion in EV batteries and $40 billion in energy storage

Dominant regions: 90% of funding concentrated in China, Europe, and the US

GLOBAL INVESTMENT IN EV BATTERIES AND BATTERY STORAGE, 20182023

Venture Capital Focus

$6 billion funding for innovations like new chemistries and battery recycling- Technology investment

15% of funds directed to recycling and alternatives to lithium- Technology investment Top Developers Leading the Charge

China Energy Investment: 11.8 GW capacity-Deployment

NextEra Energy: 10.9 GW in the US.- Deployment

Engie: Expanding across EU, US, and Latin America with 6.3 GW planned- Deployment

Source: Batteries and Secure Energy Transitions World Energy Outlook Special Report, RechargeNews

Technology investments are driving innovation and sustainability, deployment investments are focusing on scaling and integration into existing energy systems.

Extracted from the PDF; charts and images may read imperfectly.