BloombergNEF forecasts a record 94 GW (247 GWh) of utility-scale storage in 2025—a 35% rise—driven by China's storage mandates. US tariffs, policy shifts and LFP dominance will drive growth to 220 GW/972 GWh by 2035. The global energy storage sector is on track for another record year in 2025 as utility-scale projects expand into new regions.
The global energy storage sector is on track for another record year in 2025 as utility-scale projects expand into new regions. BloombergNEF (BNEF) forecasts that developers will add 94 gigawatts (247 gigawatt-hours) of battery capacity this year, a 35% increase over 2024 and the highest annual total to date (excluding pumped hydro).
BloombergNEF (BNEF) forecasts that developers will add 94 gigawatts (247 gigawatt-hours) of battery capacity this year, a 35% increase over 2024 and the highest annual total to date (excluding pumped hydro). Through 2035, BNEF expects the market to grow at a 14.7% compound annual rate, reaching annual additions of 220 GW/972 GWh.
Demand for energy storage continues to escalate, the global battery energy storage (BESS) landscape is poised for significant installation growth and technological advancements.
This project is the largest hybrid energy storage installation in China and hosts the world''s largest grid-forming vanadium redox flow battery, set to reach a 250 MWh/1 GWh capacity in the
Demand for energy storage continues to escalate, the global battery energy storage (BESS) landscape is poised for significant installation growth and technological advancements.
BloombergNEF research shows a drop in the global benchmark cost for a four-hour battery project by 27% YoY to $78/ MWh in 2025 — the lowest level since BNEF 2009.
Covering about 200,000 square meters, the new energy storage project attracts a total investment of 1.45 billion yuan ($200 million). Up to 10,000 Megapack units are scheduled to be
With an initial annual production capacity of 10,000 units, or roughly 40 gigawatt-hours of energy storage, this Megafactory is set to significantly contribute to Tesla''s global energy storage
The US installed a record 57.6 GWh of battery energy storage capacity in 2025, up 30% from the previous record set in 2024 despite federal actions targeting clean energy, the Solar Energy
Uncover 2025''s top 10 mega battery projects. See how massive BESS plants are transforming US energy storage and the grid. Get the complete list and analysis now.
As costs continue to drop, we expect battery storage to strengthen solar project revenues, support broader renewable deployment and accelerate the shift toward storage‑led system balancing
BNEF anticipates that storage additions will stay robust as project economics and existing local rules continue to drive battery deployments. In the United States, higher import tariffs have
The U.S. energy storage industry installed 57.6 GWh of new capacity in 2025, the largest single year of new battery capacity additions on record. Energy storage installations grew 30% from
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