Global Energy Storage Boom: Three Things to Know
Global energy storage additions are on track to set another record in 2025 with the two largest markets – China and US – overcoming adverse policy shifts and tariff turmoil. Annual deployments are also set to scale in Germany, the UK, Australia, Canada, Saudi Arabia and Sub-Saharan Africa, driven by supportive policies, procurement by utilities and power market dynamics.
Another all-time high energy storage installation
Globally, annual energy storage deployment (excluding pumped hydropower plants) is set to hit another all-time high at 92 gigawatts (247 gigawatt-hours) in 2025 – 23% higher than in 2024. China accounts for over 50% of the annual build in gigawatts, followed by the US at 14%. Energy storage additions in these two markets remain strong for now although recent policy changes slow new solar and wind in both markets.
This is an extract of an executive summary published by BloombergNEF on October 21st, 2025