See below for our Battery Energy Stationary Storage Capacity Tracker, April 2022. This tracker draws on data from our BESS Monthly Assessment.
The BESS Monthly Assessment provides a monthly update of global BESS developments, both for projects and news from the sector. Click here to request a demo.
Highlights from this month’s assessment:
- New energy storage targets were announced in Greece, doubling to 3GW by 2030, and in the US, Michigan announced plans to become the 10th state to adopt an energy storage target.
- A number of ESS specific gigafactories and manufacturing plants have been recently announced, including Pomega Technologies and KORE Power.
- April saw just under 1GWh of new capacity enter operation across nine locations, bringing YTD installed BESS grid capacity to 4GWh. Planned capacity for 2022 now exceeds 55GWh.
BESS Capacity Tracker – what does it tell us?
April saw just under 1GWh of new capacity enter operation across nine locations, bringing YTD installed BESS grid capacity to 4GWh. Planned capacity for 2022 now exceeds 55GWh. In terms of new announcements, over 14GWh of new capacity was added across 105 locations, bringing YTD new capacity over 60GWh. Projects announced this month were generally smaller than the last few months where we have often seen projects over 1GWh. In April, seven projects were announced between 500MWh and 650MWh.
Why do we track the battery energy stationary storage market?
To understand the market dynamics, key drivers, and technologies our BESS market analysis is an important data tool providing the cathode demand for grid scale and behind the meter BESS based on use case, economic and regional analysis.
These trends have implications along the battery supply chain for battery raw material suppliers, battery manufacturers, utility companies and renewable energy developers, as well as anyone with an interest in the ESS battery supply chain
The monthly assessment provides a regular update of the developments in the BESS market, tracking both key market and technology news and an analysis into the roll-out and development of grid-scale projects and those currently in the pipeline. This enables you to stay up to date and well informed within the competitive and growing BESS market.
Who benefits from understanding battery energy stationary storage market dynamics?
Battery raw material suppliers, battery manufacturers, utility companies, renewable energy developers as well as anyone with an interest in the ESS battery supply chain.
How do we track the battery energy stationary storage market?
The near-term market is tracked via project announcements and progress updates these come from a number of sources including government and provincial bodies, news sites, technology supplier announcements, and planning bodies. The result is our ever-growing database of battery energy storage installation projects worldwide, which covers most projects over 10MWh, this is updated on an ongoing basis. We track key metrics for each project including the storage technology employed, the size of the installation, the feed-in energy source and supplier.
A key factor in the long term forecast in both grid and behind the meter methodologies is to assess the market outlook for global electricity demand, and also to determine the renewables share of the mix of this growing demand. For this, we consider a number of factors affecting this on a region-by-region basis. Our outlook for battery ESS is calculated by identifying the appropriate technology deployment based on the use case and economics in each storage scenario.
How could our data help you?
Access to the analysis we provide, enables our clients to gain an in-depth, comprehensive understanding of the battery ESS market. It allows them to devise well-informed strategies, stay up-to-date with key market developments, maintain an awareness of the competitive landscape and create future-proof plans.
The Battery Energy Stationary Storage Outlook delivers a complete overview and analysis of the current and future BESS market. The report can be used as both a reference tool to understand the market dynamics, key drivers, and technologies and as an important data tool providing the cathode demand for grid scale and behind the meter BESS based on use case, economic and regional analysis
The Battery Energy Stationary Storage Monthly Assessment provides you with a regular update of the developments in the Battery ESS market, tracking both key market and technology news and an analysis into the roll-out and development of grid-scale projects, and those currently in the pipeline.
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