Why do we need energy storage solutions?

As the global energy transition accelerates, the need for reliable, scalable and cost-effective energy storage solutions has never been greater.

What is the future of energy storage?

The future of energy storage is unfolding before our eyes, reshaping how we power our world. It’s like watching the early days of smartphones—we know we’re witnessing something revolutionary, but the full impact is still unfolding. For those wondering where this technology is heading, the trends are clear and exciting.

What drives energy storage project development?

Globally, energy storage project development is increasingly driven by the utility-scale segment, with mandates and targeted auctions driving gigawatt-hour projects in markets like China, Saudi Arabia, South Africa, Australia and Chile.

Are battery energy storage systems reliable?

The Australian Energy Market Operator (AEMO) has found battery energy storage systems (BESS) are the most reliable clean energy technology in the National Electricity Market (NEM). If playback doesn't begin shortly, try restarting your device. An error occurred while retrieving sharing information. Please try again later.

Is China entering a new era of energy storage demand?

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.

How many GW of energy storage do we need?

That’s approximately 1,500 GW of energy storage, with batteries expected to provide about 1,200 GW of that total. Looking further into the future, the picture gets even more ambitious. To keep global warming below 2°C, we need to triple our storage capacity by 2050 – from 140 GW in 2014 to at least 450 GW.