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.
The BESS Quarterly Outlook provides long-term outlooks for ESS battery demand and battery chemistry, by application and region, based on robust and informed methodologies. Click here to request a demo.
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In the grid BESS market, 10GWh of new capacity entered operation across 75 locations, a y-o-y increase of 56% compared to October 2022. Year-to-date operational capacity now sits at over 66GWh as of October 2023. The largest projects to enter operation in October were two 600MWh projects in China.
Highlights from the latest issue of Battery ESS Monthly Assessment:
- In October 2023, over 13GWh of capacity entered operation across the Grid and BTM market. In the grid market, 9,687MWh of new capacity entered operation across 75 locations, a y-o-y increase of 56% compared to October 2022. It was also the largest month for new announced capacity to date, at over 45GWh.
- The Netherlands allocated USD440 million in funding towards BESS projects co-located with both ground-mounted and large-scale rooftop solar PV installations with a view to expanding national storage capacity by 160-330MW. The US federal government also allocated funding worth over USD billion to 58 projects as part of the recently announced Grid Resilience and Innovation Partnerships Program (GRIP).
- In the UK, 10GW of energy storage projects have been fast-tracked by four years as the National Grid reforms its connection processes, with a further 10GW to be moved ahead in the queue by 5 years.
BESS Capacity Tracker – what does it tell us?
In September 2023, just under 4GWh of capacity entered operation across 44 locations, a y-o-y decrease of 34% compared to September 2022. However, this is more reflective of a strong month last year. China led installations with over 3.5GWh of new capacity, while all other regions combined installed 208MWh. Installed capacity YTD now exceeds 55GWh. Project delays are likely to affect the remaining 88GWh of capacity scheduled for 2023.
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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