Global battery energy storage (BES) deployment grew 51.8% in 2022 from 2021, with 17.54 GW/38.2 GWh commissioned. 2022 was a historic turning point in the clean energy transition.
• A mix of geopolitical, economic, and climate factors pushed governments to scale the extent and pace of climate action.
• Governments formed policies and plans with long-term effects for renewable energy (RE) and BES, a critical element for the much-needed flexibility and resilience that modern energy systems require.
• BES sector expansion is bringing higher sophistication and specialization through the value chain, leading to the diversification of business models and opportunities in BES systems.
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