Global Scans · Energy storage · Weekly Summary

• [New] At COP 29, nearly 60 countries committed to the Global Energy Storage and Grids Pledge, which sets a goal of deploying 1500 GW of energy storage, doubling global grid investments, and developing 25 million kilometers of grid infrastructure by 2030. IEA
• [New] Energy Storage projects continue to have the original tax credit of 30% through 2033 but do need to meet the FEOC rules starting in 2026. Clean Energy Resource Teams
• [New] The energy storage systems (ESS) segment is expected to expand at the highest CAGR in the upcoming period. Precedence Research
• The global partners aim to implement the Global Energy Storage and Grids Pledge: to add or refurbish 25 million kilometers of power lines and create 1,500 gigawatts of storage capacity by 2030. BMUKN
• Nearly 70% of all new installed capacity between 2025 and 2030 will come from renewable energy, primarily solar PV and wind power, supported by utility-scale energy storage and modern grid infrastructure. Strategic Energy Europe
• Nearly 70% of all new installed capacity between 2025 and 2030 is expected to come from renewable technologies such as solar PV, wind power and energy storage. Strategic Energy Europe
• The 2040s will mark the transition from single-function energy storage to multi-functional battery systems. Futurist Speaker on AI Leadership, Future of Work, Futu
• The 2030s will witness the mass adoption of renewable energy sources and the widespread implementation of advanced energy storage technologies. Futurist Speaker on AI Leadership, Future of Work, Futu
• Dedicated International Procurement Sessions, such as the New Energy and Energy Storage Special, will facilitate direct cooperation between global buyers and Chinese suppliers, accelerating cross-border innovation and industrial collaboration. The Manila Times
• By End Use: Automotive & EV led with a 68% share in 2025; Utility-scale Energy Storage Systems will grow at a 14.2% CAGR. Straits Research
• BloombergNEF anticipates 247 GWh of new energy storage capacity globally in 2025, excluding pumped hydro, and says annual additions will likely climb to around 972 GWh by 2035 - implying a fourfold increase in yearly deployments over the next decade. Zero Carbon Analytics
• The full value of tax credits for energy storage will remain in place until 2033, before dropping to 75% in 2034 and 50% in 2035. Latitude Media
• Battery energy storage is expected to play a growing role, with capacity rising from barely 1 GW to 7 GW by 2035. AGSI
• Fastest-Growing Subsegment: Energy Storage Systems (ESS) - Utility-scale ESS equipment will expand at a 14.2% CAGR during 2026-2034, propelled by grid resiliency goals, renewables integration, and utility procurement frameworks. Straits Research
• To strengthen U.S. grid resilience and reduce exposure to supply chain risks, battery manufacturers, system integrators and project developers must seek out new and different types of battery energy storage systems technologies. Utility Dive
• The EBRD cash will finance the construction and operation of advanced gas-piston power plants with a capacity of 36.8 megawatts and battery energy storage systems with a total capacity of 31.5 MW at multiple sites in Zakarpattia in western Ukraine. Kyiv Post
• Saudi Arabia is emerging as a regional leader, thanks to initiatives under its Vision 2030 plan that emphasize nanotechnology and composites for energy storage and lightweight transportation components. Precedence Research
• Total annual deployment of new solar, wind and energy storage facilities in 2035 will be 21% lower - or 227 gigawatts less - than it would have been without the Trump tax law. Energy Connects
• The accelerating deployment of renewable energy, energy storage, electric vehicles and energy efficiency globally offer hope that global emissions are on their way to peaking. The Conversation
• Mexico will add 19,954 MW of renewable energy and 5,000 MW of energy storage by 2030. Strategic Energy Europe

Last updated: 07 December 2025