Globally,over 30 gigawatt-hours(GWh) of grid storage are technologies (BloombergNEF,2020) and 160 gigawatts (GW) of long-duration energy storage (LDES) are provided by technologies such as pumped storage hydropower (PSH) (U.S. Department of Energy,2020)1.
Global energy storage installed capacity grew 93.8% YoY in the first half of 2024, coming in at 64.9 GWh. A total of 57.3 GWh came from utility-scale storage (including C&I), up 118% year-on-year. Meanwhile, 7.6 GWh came from the residential sector, up 7.7% year-on-year.
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China accounts for approximately two thirds of the installed capacity of grid scale BESS worldwide. It is followed by the US which accounts for roughly 25% of the total installed market. Within Europe, the UK has by far the largest installed capacity with 7.5 GWh.
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