Global Scans · Energy storage · Weekly Summary

• [New] The renewable energy storage segment is projected to grow at a remarkable CAGR of 7.2% from 2026 to 2032. 6wresearch
• Combining renewables with energy storage and balancing power, like engine power plants, could reduce global system costs by €65 trillion over the next 25 years, compared to a renewables-only pathway. Wartsila
• The energy storage segment is projected to register the fastest growth at a CAGR of 9.12% during 2026-2034, supported by rising demand for high-capacity batteries and long-duration space missions. Straits Research
• More than 52,000 MW of battery and long-duration energy storage will be needed by 2045 as electricity demand grows from continued electrification of transportation, buildings, and industry operations. California Energy Commission
• Battery Energy Storage Systems are forecast to grow at a 14.86% CAGR through 2031, the highest rate across applications. Mordor Intelligence
• NextEra Energy will build and own the power generation components that will include a 2 GW natural gas-fired generation unit, upgrades to transmission networks and 2.6 GW of battery energy storage while the data center campus requires 1.8 GW of energy. National Conference of State Legislatures
• Strong national policy - including provincial mandates requiring storage co-location with new renewable capacity and the Special Action Plan for Development of New Energy Storage (2025-2027) - has driven cumulative installations to approximately 145 GW of battery storage by end-2025. / China Green Fuel Journal
• Between now and 2030, an estimated USD 670 billion must be directed each year towards grids, with further investment required to rapidly scale up energy storage solutions, facilitate renewable integration and safeguard grid stability. Global Renewables Alliance

Last updated: 30 August 2026