The country requires a significant investment of over $24 billion to establish a strong manufacturing base for batteries used in electric vehicles and energy storage.
The Energy Institute''s annual Statistical Review of World Energy reveals the grid storage battery capacity of every country in 2023. This treemap, created in partnership with the
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Global energy storage capacity outlook 2024, by country or state Leading countries or states ranked by energy storage capacity target worldwide in 2024 (in gigawatts)
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This treemap, created in partnership with the National Public Utilities Council, visualizes which countries had the most grid-scale battery energy storage systems (BESS) in 2023. China has nearly half the world’s grid storage battery capacity and keeps growing at a breakneck pace.
Simply put, the more capacity one has, the more effective your system is. According to figures from Future Power Technology’s parent company GlobalData, China leads the way in the Asia-Pacific region, with 3,619MW of rated storage capacity in its operational battery energy storage projects.
Ireland and Germany’s capacities only grew by 28% from the previous year. Meanwhile, South Korea’s capacity remained the same. The International Energy Agency estimates that 1,300 GW of battery storage will be needed by 2030 to support the renewable energy capacity required to meet the 1.5°C global warming target.
In the Americas, the US is the leader, with 16,610MW of operational rated storage capacity, while the UK leads the way in Europe with 1,489MW of capacity.
Several countries are investing heavily in large-scale energy storage to support clean energy ambitions and improve energy security. China and the United States lead the market with vast installed capacities and ambitious expansion plans, while Australia, Saudi Arabia, and Chile are seeing rapid growth.
Pumped hydro, batteries, hydrogen, and thermal storage are a few of the technologies currently in the spotlight. The global battery industry has been gaining momentum over the last few years, and investments in battery storage and power grids surpassed 450 billion U.S. dollars in 2024. Find the latest statistics and facts on energy storage.