Applications: Stationary Energy Storage

Notable Regional BESS Developments

55 GW / 135 GWh

China

4GW / 7 GWh

20 GW / 55 GWh

Leading the charge in installations of energy storage projects With nearly 3x the installations, China is speeding away from the US, its next closest competitor Projects are driven by drastically lower costs than other markets based on local manufacturing capacity

Germany

Despite policy headwinds, the U.S. continued strong growth U.S. continued to dominate the largest projects in the world Foreign Entity of Concern FEOC) provisions of the OBBB threaten to limit future grown Uncertain tariffs presented a large bias

Australia

5 GW / 13 GWh

Supported by aggressive government renewable energy target Energy-only market and strong frequency regulation value creates strong incentive for BESS deployment Coupled with high PV and wind penetration, BESS has come to be an indispensable tool to address fossil retirements and transmission congestion

Source: CNESA, Wood Mackenzie Distinguished Partner), PV Magazine

Europeʼs storage had 45% YoY growth, led by Germany Notably, the residential share is higher than in other leading markets

Saudi Arabia

3 GW / 12 GWh

Although smaller in absolute terms, KSA leads in average project size GW) and duration, as well as annual growth Driven by Saudi Vision 2030 renewable goals and mega-projects backed by Saudi government KSA's installations have dwarfed those of other Middle Eastern nations

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