Global BESS additions to top 400 GWh annually by 2030

The annual deployment of battery energy storage systems (BESS) is set to exceed 400 GWh by 2030, marking a tenfold jump from the current yearly installations, Rystad Energy projects.

According to the research firm, the importance of energy storage technologies will become crucial in the coming years amid the growing need to store surplus electricity generated by renewable power plants and address power intermittency issues.

Last year alone, the global BESS capacity additions rose by 60% in annual terms following the commissioning of over 43 GWh of facilities. The figure is expected to almost double in 2023, coming at around 74 GWh and accounting for a 72% year-on-year increase. The anticipated expansion will come as a result of the falling costs of battery systems, government funding programmes across Europe and North America and the robust growth of renewables in mainland China.

Under a status-quo policy scenario, Rystad Energy expects about 110 GW of capacity to be added each year through 2030, around 58% of which in Asia. North America and Europe will be responsible for 20 GW and 18 GW, respectively. The bulk of the projected capacity will be in the utility-scale segment.

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