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 sector more than doubled last year, the IEA said in its first assessment of the state of play across the entire battery ecosystem.
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.
Global battery manufacturing capacity by 2030, if announcements are completed in full and on time, could exceed 9 TWh by 2030, of which about 70% is already operational or otherwise committed.
Batteries have been growing rapidly in recent years in the EU. However, capacity is concentrated in a small number of countries. Germany, in particular, is the EU front runner, accounting for 46% of total EU battery capacity by the end of 2023 and with 9.5 GW installed by June 2024.
To facilitate the rapid deployment of new solar PV and wind power that is necessary to triple renewables, global energy storage capacity must increase sixfold to 1 500 GW by 2030. Batteries account for 90% of the increase in storage in the Net Zero Emissions by 2050 (NZE) Scenario, rising 14-fold to 1 200 GW by 2030.
About 70% of the 2030 projected battery manufacturing capacity worldwide is already operational or committed, that is, projects have reached a final investment decision and are starting or begun construction, though announcements vary across regions.
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