Back to today’s briefing

Story perspectives

China's Energy Storage Capacity Soars 130% in 2024

1/24/2025

39 9

Summary

China's Energy Surge

By the close of 2024, China's energy storage capacity soared to an impressive 73.76 GW/168 GWh, a staggering 130% leap from the previous year. This remarkable surge, fueled by innovations in lithium-ion batteries and compressed air storage, cements China's status as a frontrunner in renewable energy, bolstering grid stability and paving the way for a greener future.

Summary

Global Battery Boom

The global battery energy storage system market is set to skyrocket from $8.08 billion in 2024 to an astonishing $68.22 billion by 2033, driven by electrification efforts and innovative battery technologies. With China and Germany at the forefront of large-scale projects, this surge promises to bolster grid stability and enhance energy security worldwide.

1 of 2

China's Energy Surge

By the close of 2024, China's energy storage capacity soared to an impressive 73.76 GW/168 GWh, a staggering 130% leap from the previous year. This remarkable surge, fueled by innovations in lithium-ion batteries and compressed air storage, cements China's status as a frontrunner in renewable energy, bolstering grid stability and paving the way for a greener future.

1 / 2