Featured in 2025 Unboxed – 02-2025

A fork in the road for energy storage

Faster-than-expected price falls and global oversupply of batteries will go up against a rising tide of global protectionism this year. So how will it all shape up for the energy storage industry? Storage industry thought leader and UN adviser Marek Kubik considers the key issues.

By

pv magazine

07 Feb 2025

Tesla broke its own records in 2024 by deploying 31.4 GWh of battery energy storage capacity. | Image: Tesla

We are becoming accustomed to record-breaking years for energy storage, and 2024 was no exception. Manufacturer Tesla deployed 31.4 GWh, up 213% from 2023, and market intelligence provider Bloomberg New Energy Finance raised its forecast twice, ending the year predicting almost 2.4 TWh of battery energy storage by 2030. That is likely an underestimate.Positive feedback …

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