Energy Storage Outlook
While power demand is expected to continue to see strong growth in 2025 and beyond, the growth rate of low-carbon energy sources is now close to covering the entire
Mainland China accounts for most of the global energy storage demand, driven in the near term by regional requirements for new utility-scale wind and solar projects to include energy storage capacity. However, the Chinese market is entering an era of change.
Storage demand continues to escalate, driven by the pressing need to decarbonise economies through renewable integration on the grid and by load increases from data centre demand, manufacturing and increased electrification.
HOUSTON/WASHINGTON, D.C., March 19, 2025 — The U.S. energy storage market set a new record in 2024 with 12.3 gigawatts (GW) of installations across all segments, according to the latest U.S. Energy Storage Monitor report released today by the American Clean Power Association (ACP) and Wood Mackenzie.
“After another year of record deployment, energy storage is solidifying its place as a leading solution for strengthening American energy security and grid reliability in a time of historic rising demand for electricity,” said ACP VP of Energy Storage Noah Roberts.
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