Nearly 11,000 MW of energy storage were added in 2024 to supplement generation capacity, increasing the total MW of energy storage 62% within the last year and 181% in the last two years. 3 terawatts of utility-scale capacity by fuel, region, and ownership. The largest fuel source is natural gas, accounting for just under 43% of. . Developers and power plant owners plan to add 62. 4 GW added in 2023 (the most since 2003). . Global electricity output is set to grow by 50 percent by mid-century, relative to 2022 levels. With renewable sources expected to account for the largest share of electricity generation worldwide in the coming decades, energy storage will play a significant role in maintaining the balance between. . China's National Energy Administration (NEA) has released the China New Energy Storage Development Report 2025, marking the first official and comprehensive government report dedicated to the country's rapidly advancing new energy storage (NES) sector. Since 2024. . From Elon Musk's latest Tesla Powerwall updates to China's massive grid-scale projects, the proportion of advanced storage solutions in our energy mix isn't just growing—it's exploding. Let's unpack why this matters to you, whether you're a tech geek, a climate activist, or just someone who pays. .
is the largest market in the world for both (PV) and . Its PV capacity crossed 1,000 gigawatt (one, 1 TW) in May 2025. By June 2025, China's PV capacity surpassed 1,100 gigawatt. In 2024, China added 277 gigawatts (GW) of solar power, which was equivalent to 15% of the world's total cumulative installed solar capacity.
