What scale will energy storage reach by 2025

What will storage be like in 2025?

Europe saw a pivotal moment when the grid-scale segment experienced a significant surge, surpassing the distributed segment for the first time. In Latin America, momentum was built as storage deployments increased by 42%. In 2025, emerging markets for storage will be on the rise.

Will battery storage grow in 2025?

In the United States, the 2022 introduction of the Inflation Reduction Act included an investment tax credit for stand-alone storage. Since then we have seen huge growth in the sector in the US, and we expect to see this to continue into 2025, with several large-scale battery storage projects set to complete in 2025.

How much energy will a data center generate by 2030?

A recent Bipartisan Policy Center study suggests that demand from data centers could account for at most 25 percent of US new electricity generation by 2030. As innovation continues, rapid improvements in hardware and energy efficiency of AI models (as seen with DeepSeek) may occur.

How much energy will the world have by 2040?

Projections in this year’s Global Energy Outlook estimate that it will exceed 2 billion people by 2040, far outpacing growth in all other regions. Unsurprisingly, energy demand is projected to increase alongside the continent’s population and economy.

Which countries have increased energy storage capacity in 2024?

For example, the Spanish government approved an update to their National Integrated Energy and Climate Plan in September 2024 which has increased their installed energy storage capacity targets to 22.5 GW by 2030.

Which emerging markets will lead the storage industry in 2025?

In Latin America, momentum was built as storage deployments increased by 42%. In 2025, emerging markets for storage will be on the rise. Saudi Arabia will lead the charge, fuelled by its expansion of solar and wind generation.