[New] Currently most of the world's utility-scale energy storage comes in the forms of pumped hydroelectric storage, solar thermal energy storage, and batteries, but their current capacities and projected growth rates are insufficient to meet storage demands.
Gala
[New] Growth in battery energy storage systems is expected to accelerate alongside expanding renewable generation, with the IEA identifying BESS as the fastest-growing power technology at present.
Westpac IQ
[New] New York State has set a 6 GW BESS target by 2030, revised upward from the CLCPA's original 3 GW under NYSERDA's 6 GW Energy Storage Roadmap.
Modo Energy
[New] Ola Electric has signed a memorandum of understanding with Axis Energy for the potential deployment of up to 20 GWh of battery energy storage systems by 2032 through the Mahashakti platform.
Power Peak Digest
[New] TerraPower's Natrium reactors are envisioned to be 345 MW sodium-cooled systems that will use high-assay low-enriched uranium fuel paired with molten-salt energy storage systems.
Carnegie Endowment for International Peace
The renewable energy storage segment is projected to grow at a remarkable CAGR of 7.2% from 2026 to 2032.
6wresearch
Last updated: 20 September 2026
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