Energy storage large-scale installed capacity

What is China's current energy storage capacity?

As of 2022, China's installed energy storage capacity is over 30 GW. In July 2021, China announced plans to install over 30 GW of energy storage by 2025 (excluding pumped-storage hydropower), a more than three-fold increase on its installed capacity as of 2022.

How big is the demand for large-scale energy storage?

TrendForce predicts that new installations of large-scale energy storage in the United States could reach 11.6GW/38.2GWh. The primary driving force behind the demand for large-scale energy storage is the weak grid integration and a higher proportion of solar and wind power.

Is large-scale energy storage a good investment?

In the United States, large-scale energy storage stands out with exceptional performance and boasts a highly economic and diversified profitability model, signaling significant growth potential. Turning to Europe, the 2024 market is expected to be primarily propelled by large-scale energy storage.

What is the grid-scale battery storage capacity in 2022?

In 2022, the installed grid-scale battery storage capacity is 11 GW. Grid-scale battery storage in particular needs to grow significantly. In the Net Zero Scenario, installed grid-scale battery storage capacity expands 35-fold between 2022 and 2030 to nearly 970 GW.

Will China expand its energy storage capacity by 2025?

China aims to further develop its new energy storage capacity, which is expected to advance from the initial stage of commercialization to large-scale development by 2025, with an installed capacity of more than 30 million kilowatts, regulators said.

What types of energy storage are included?

Other storage includes compressed air energy storage, flywheel and thermal storage. Hydrogen electrolysers are not included. Global installed energy storage capacity by scenario, 2023 and 2030 - Chart and data by the International Energy Agency.