Global installed energy storage capacity by
Global installed energy storage capacity by scenario, 2023 and 2030 - Chart and data by the International Energy Agency.
4 FAQs about How many watts of new energy storage
Why are energy storage technologies important?
They are also strategically important for international competition. KPMG China and the Electric Transportation & Energy Storage Association of the China Electricity Council ('CEC') released the New Energy Storage Technologies Empower Energy Transition report at the 2023 China International Energy Storage Conference.
How much energy storage does China have in 2023?
By the end of 2023, China had completed and put into operation a cumulative installed capacity of new type energy storage projects reaching 31.4GW / 66.9GWh, with an average storage duration of 2.1 hours. The newly added installed capacity in 2023 was approximately 22.6GW / 48.7GWh, which is three times that for 2022 (7.3GW / 15.9GWh).
What types of energy storage are included?
Other storage includes compressed air energy storage, flywheel and thermal storage. Hydrogen electrolysers are not included. Global installed energy storage capacity by scenario, 2023 and 2030 - Chart and data by the International Energy Agency.
How big is China's energy storage capacity?
China's National Energy Administration (NEA) announced on January 23 that the country's installed capacity of new energy storage had surged to 73.76 GW/168 GWh by the end of 2024, marking a twentyfold increase from the end of 2021. Compared to the 31.39 GW/66.87 GWh recorded at the end of 2023, this represents an annual growth rate exceeding 130%.
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