Why did energy storage surge in Q1 2025?

That makes Q1 2025 the biggest first quarter for energy storage in US history. The surge was led by utility-scale projects, which accounted for over 1.5 GW of the new capacity, a 57% jump compared to Q1 2024. Surging energy demand is putting the electric grid under strain,” said John Hensley, SVP of markets and policy analysis at ACP.

Is China entering a new era of energy storage demand?

Mainland China accounts for most of the global energy storage demand, driven in the near term by regional requirements for new utility-scale wind and solar projects to include energy storage capacity. However, the Chinese market is entering an era of change.

What is energy storage in 2025?

Energy Storage in 2025: What’s Hot and What’s Next? The energy storage landscape is changing quickly as scientists work to create better and longer-lasting storage solutions. Experts are focused on improving smart grids to ensure that electricity systems work well and are cost-effective.

How has energy consumption changed over the past decade?

Over the past decade, industrial energy consumption has grown by 5.0%. Energy used in transport is up 4.7% over the same time period, but remains below the pre-pandemic level in 2019. Energy consumed to produce power increased by 1.74% year-on-year, reaching 32.7 quadrillion British thermal units (BTU).

How much electricity is stored in a day?

An average of 9.8 billion cubic feet per day was consumed from storage over winter 2023-24 (November through March). The power market tends to see demand surge in the summer, and it meets this demand by generating more electricity. The two major sources of electrical energy storage are pumped hydropower reservoirs and lithium-ion batteries.

How can a new technology improve energy storage capabilities?

New materials and compounds are being explored for sodium ion, potassium ion, and magnesium ion batteries, to increase energy storage capabilities. Additional development methods, such as additive manufacturing and nanotechnology, are expected to reduce costs and accelerate market penetration of energy storage devices.