Overview
- BloombergNEF projects more than 92 GW/247 GWh of energy storage additions in 2025, rising to 123 GW/360 GWh in 2026 and scaling toward about 2 TW/7.3 TWh by the mid-2030s.
- U.S. tax credits for storage were preserved in July’s final budget, but new foreign‑entity sourcing restrictions starting in 2026 are now the main near‑term deployment hurdle, BNEF says.
- Developers in the United States are racing to start construction before 2026 to maintain eligibility as supply chains shift and new domestic and foreign investments expand local capacity.
- Chinese suppliers logged roughly 186 GWh of overseas energy‑storage orders in H1 2025, a surge of more than 220% year over year, while shipments to the United States remained limited by tariffs.
- Beijing plans to mobilize 250 billion yuan to build 180 GW of new storage by 2027, as global growth broadens beyond China and the U.S., with short‑duration lithium‑ion systems dominating through 2028.