Official discussion on the scale of new energy storage installations

4 FAQs about Official discussion on the scale of new energy storage installations

How big will energy storage be in 2025?

Grid-scale storage deployments alone are expected to reach 13.3 GW in 2025. Across all segments, Wood Mackenzie expects 15 GW of storage deployments, growing another 25% over the record year of 2024. “Energy storage has entered a new phase of growth with its first year of double-digit deployment.

Will energy storage deployment grow in 2025?

Storage deployment grew across all segments and is forecast to grow another 25% in 2025, according to Wood Mackenzie. Across all segments, including residential, commercial and industrial, and utility-scale, energy storage had year-over-year deployment growth in 2024.

How many GW of energy storage are there in 2024?

According to the Q1 2025 US Energy Storage Monitor from Wood Mackenzie and the ACP, energy storage installations surpassed 12GW in 2024.

How has energy storage diversified in Q4 2024?

“Energy storage has entered a new phase of growth with its first year of double-digit deployment. We are increasingly seeing the industry's growth diversified across geographic regions, with 30% of storage capacity additions in Q4 2024 represented by New Mexico, Oregon, and Arizona.”

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