Outlook for battery demand and supply
Innovation reduces total capital costs of battery storage by up to 40% in the power sector by 2030 in the Stated Policies Scenario. This renders battery storage paired with solar PV one of the most
Electric vehicle batteries – Global EV Outlook 2025 – Analysis
Global battery (cell) manufacturing capacity grew almost 30% in 2024 to reach more than 3 TWh – three times EV and battery storage demand in the same year. About 85% of global manufacturing capacity
The battery industry has entered a new phase – Analysis
Despite the rapid decrease in battery prices and continued innovation, the degree of concentration in battery supply chains has raised security concerns among governments in recent
Battery storage capability by countries, 2020 and 2026
Battery storage capability by countries, 2020 and 2026 - Chart and data by the International Energy Agency.
IEA Special Report Highlights Energy Storage
Strong policy incentives for EVs and battery storage have spurred market expansion, paving the way for widespread adoption across the globe.
Energy storage
After solid growth in 2022, battery energy storage investment is expected to hit another record high and exceed USD 35 billion in 2023, based on the existing pipeline of projects and new capacity targets
IEA – International Energy Agency
The IEA''s latest flagship report sees the world''s need for energy services expanding in all scenarios, with demand rising across the transport, buildings and industry sectors, and increasingly for data and
Executive summary – Batteries and Secure Energy Transitions –
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.
Battery Storage Fastest-Growing Energy Technology: IEA
Battery storage capacity logged significant growth last year, according to the International Energy Agency''s (IEA) latest battery report — a
IEA: Six-fold increase in battery storage capacity by 2030
The global battery storage capacity must increase six-fold by 2030 – this is the main message of the International Energy Agency''s (IEA) Special
EV Battery Supply Chain Sustainability – Analysis
Rapidly rising demand for electric vehicles (EVs) and, more recently, for battery storage, has made batteries one of the fastest-growing clean energy technologies.
IEA calls for sixfold expansion of global energy storage
Batteries need to lead a sixfold increase in global energy storage capacity to enable the world to meet 2030 targets, after deployment in the power
IEA Report — “Batteries & Secure Energy Transition”: Key Findings
The focus is in particular on expanding renewable energy and increasing energy efficiency. In April 2024, the IEA published the “Batteries & Secure Energy Transition” Report, which, as a special
IEA Publishes Special Report: Batteries and Secure Energy
The report focuses on the role of batteries in the transport sector and in the power generation industry ― where battery storage is the fastest growing clean energy technology on the
Status of battery demand and supply
Global investment in EV batteries has surged eightfold since 2018 and fivefold for battery storage, rising to a total of USD 150 billion in 2023. About USD 115 billion – the lion''s share – was for EV batteries,
Batteries and Secure Energy Transitions – Analysis
The IEA''s Special Report on Batteries and Secure Energy Transitions highlights the key role batteries will play in fulfilling the recent 2030 commitments made by nearly 200 countries at
Battery storage outlook boosted by thirst for firm power
As battery manufacturing spreads and prices soften, developers are diversifying supply and implementing new deployment strategies to meet the growing need for dispatchable power.
A global review of Battery Storage: the fastest growing clean energy
A global review of Battery Storage: the fastest growing clean energy technology today (Energy Post, 28 May 2024) The IEA report “Batteries and Secure Energy Transitions” looks at the
Batteries and Secure Energy Transitions
Most growth in battery storage is from utility-scale systems, while behind-the-meter battery storage accounts for 35% of annual growth in 2023. Off-grid battery storage is currently at much lower volumes.