Global Scans · Energy Tech · Weekly Summary

• [New] Reflecting the pace of electrification, by 2050, annual investment in power storage will be US$ 91 billion - 3.7 times 2024 levels, while transmission and distribution spending will grow 2.6 times to US$ 472 billion. PwC
• [New] For the forecast period, EIA expects utility-scale battery energy storage to surge from 44,630.7 MW to 67,549.6 MW - an increase of 51.4%. Electrek
• [New] The U.S. power grid is already enormous, with more than 600,000 miles of high voltage transmission lines and more than 6.3 million miles of distribution lines, yet transmission systems will still need to double or triple by 2050 to reliably meet growing demand. Big Think
• [New] DTE plans to add energy storage to serve data centers. Morningstar, Inc.
• [New] Energy storage installations are projected to reach 301 GWh in 2026, while plug-in hybrid electric vehicle sales are expected to hit 22.77 million units, representing a 16.8% increase from 2025 levels. Discovery Alert
• [New] Standalone and co-located battery energy storage systems deals are rising, with strong growth underpinned by additions expected through 2026, with the United States projected to be installing almost 15 GW of new BESS capacity in 2026. Yahoo Finance
• [New] The next four years will see utility scale battery storage energy service models move from simple hardware ownership to Battery-as-a-Service. AnengJi Energy
• [New] The global grid-scale energy storage market was valued at $7.51 billion in 2024 and is projected to reach $28.73 billion by 2029, at a compound annual growth rate of 30.9%, driven by renewable energy integration, decarbonization policies, and declining battery costs. PatSnap
• [New] The delivery of STEP will give UK Fusion Energy expertise that it can export and Intellectual Property (IP) that it can license into the fusion industry and adjacent sectors whilst playing an essential role in supporting the delivery of new private sector fusion plants. GOV.UK
• Advances in synthetic biology & fusion energy will influence global sustainability efforts, while next-generation materials will enable lighter, stronger & more efficient technologies. UnfoldLabs
• Demand for long-lasting energy storage is accelerating and that offers a rare opportunity for U.S. and European clean technology companies to compete with China in its globally dominant battery sector. Los Angeles Times
• By 2026, energy storage capacity is expected to grow by more than 25%, ensuring consistent supply even during low-generation periods. / India Tata Power
• The evolution of storage systems will be a key enabler of global energy security in 2026 and beyond. Tata Power
• As Namibia advances its green hydrogen and broader green industrialization agenda, the lessons drawn from China's experience are expected to inform national strategies on scaling renewable energy generation, strengthening storage capacity, and developing cleaner industrial value chains. Namibia Oil and Gas - Namibia Oil and Gas is Namibia's
• Vietnam's government will amend policies to support production of clean energy technologies, a minister has said at the opening of a battery energy storage system factory. Energy-Storage.News
• In addition to 12 MW of rooftop solar, UC Berkeley plans to implement 8 MW of green hydrogen-ready fuel cells and 45 MW of battery energy storage. Industrial Info Resources
• Solar, wind and battery storage installations together - as in past years - will continue to make up the majority of planned 2026 new energy capacity. Positive Current
• The Project advances New York's path to 10 GW of distributed solar and 6GW of energy storage by 2030. Cision PR Newswire
• Helion Energy has a signed power purchase agreement with Microsoft targeting 2028 grid delivery. The ClimateTech Memos
• In the United States, ENTRA1 Energy is NuScale's exclusive global commercialization partner and is in negotiations with the Tennessee Valley Authority (TVA) to deploy up to six 12-module plants totaling approximately 6 GW of capacity, with a first plant targeted for power delivery by 2030. Green Stocks Research

Last updated: 03 May 2026