Energy storage in 2025: Year in review (part 1)
In another record-breaking year for energy storage installations, the sector has firmly cemented its position in the global electricity market and reached new heights. From
Battery energy storage or BESS is a modern energy storage solution that stores energy using multiple battery technologies including li-ion for later use. Batteries receive energy from solar/wind or other energy sources and consequently stores the same in the form of current to later discharge it when needed.
This U.S. industry comprises establishments primarily engaged in manufacturing storage batteries. NAICS Code 335911 - Storage Battery Manufacturing is a final level code of the “ Manufacturing ” Sector. There are 135 companies verified as active in this industry in the USA with an estimated employment of 24,462 people.
Lithium-ion retained an 80.2% share of the commercial industrial energy storage market in 2024, but sodium-ion is forecast to expand at a 37.8% CAGR to 2030 as buyers prioritize supply-chain security over energy density.
The standalone ITC drops levelized cost of storage for 100 MW, 4-hour systems to about USD 124/MWh, enabling batteries to compete with gas peakers in most U.S. markets. Which region will expand fastest in commercial storage deployments?
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