Energy
Battery Storage is the Fastest Growing Energy Technology on the Market
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Battery storage in the power sector was the fastest growing energy technology in 2023 that was commercially available, with deployment more than doubling year-on-year. Strong growth occurred for utility-scale battery projects, behind-the-meter batteries, mini-grids and solar home systems for electricity access, adding a total of 42 GW of battery storage capacity globally. Electric vehicle (EV) battery deployment increased by 40% in 2023, with 14 million new electric cars, accounting for the vast majority of batteries used in the energy sector.
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Dataset
Global battery storage capacity additions, 2010-2023 | |
---|---|
2010 | 0.0 GW |
2011 | 0.1 GW |
2012 | 0.1 GW |
2013 | 0.2 GW |
2014 | 0.4 GW |
2015 | 0.7 GW |
2016 | 1.2 GW |
2017 | 1.8 GW |
2018 | 3.3 GW |
2019 | 3.1 GW |
2020 | 6.2 GW |
2021 | 9.5 GW |
2022 | 17.6 GW |
2023 | 41.5 GW |
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