Construction status of large-scale energy storage battery projects

How big is the global battery storage pipeline?

The global battery storage project pipeline for the next two years reached 748 GWh, indicating a surge of the global battery storage ecosystem. Notably, in November 2024, COP29 agreed to a global energy storage target of 1,500 GW by 2030, up from existing 340 GW, covering all technologies, including BESS and pumped hydro.

How much battery energy storage capacity is being built?

The volume of battery energy storage capacity connecting to the grid, being constructed, and reaching final investment decision confirms that thesis. Business intelligence company Rystad Energy has said that almost 4 GW of utility-scale battery energy storage systems (BESS) entered construction in the first nine months of 2024.

Why do we need a large-scale battery storage facility?

The large-scale battery storage facility secures the energy supply and forms an important foundation for the success of the energy transition. We are pleased that RWE is accompanying us on the way to a climate-neutral economy in Hamm.” The BESS is scheduled to supply balancing energy to stabilise the electricity grid from second half of 2024.

How many battery energy storage systems will be built in 2023?

Business intelligence company Rystad Energy has said that almost 4 GW of utility-scale battery energy storage systems (BESS) entered construction in the first nine months of 2024. That equals the full-year figure for 2023.

How many GWh of battery capacity is under construction?

Almost 700 GWh of additional manufacturing capacity is under construction. About 40% of existing capacity is operated or developed by established battery manufacturers in close collaboration with automakers.

Is the battery industry entering a new phase of development?

From pv magazine Brazil The battery industry is entering a new phase of its development, with the global market expanding and technologies gradually standardizing, the International Energy Agency (IEA) says.