While the majority of current vanadium demand remains underwritten by the steel industry, as an additive to strengthen various grades of steel, a growing segment for vanadium demand is opening up for its use in vanadium redox flow batteries (VRFBs) – large-scale, long-duration battery storage systems, which are aimed at supporting large, utility and commercial-scale renewable energy projects. [pdf]
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The energy storage sector maintained its upward trajectory in 2024, with estimates indicating that global energy storage installations rose by more than 75%, measured by megawatt-hours (MWh), year-over-year in 2024 and are expected to go beyond the terawatt-hour mark before 2030. [pdf]
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The energy storage system harness market is poised for significant growth, driven by the convergence of multiple factors including the increasing adoption of renewable energy sources, the rapid expansion of the electric vehicle industry, and ongoing technological advancements in battery technology. [pdf]
Recently named an R&D 100 Award winner, the Energy Storing and Efficient Air Conditioner is a new class of cooling technology—one that separates dehumidification from active cooling and integrates energy storage to reduce costs, support grid stability, and maintain indoor comfort with significantly less energy. [pdf]
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Liquid fuels Natural gas Coal Nuclear Renewables (incl. hydroelectric) Source: EIA, Statista, KPMG analysis Depending on how energy is stored, storage technologies can be broadly divided into the following t. [pdf]
On Feb. 10, 2025, China’s Ministry of Industry and Information Technology and other seven central government departments jointly announced an action plan for sound development of new-type energy storage system manufacturing. [pdf]
The U.S. energy storage market was estimated at USD 106.7 billion in 2024 and is expected to reach USD 1.49 trillion by 2034, growing at a CAGR of 29.1% from 2025 to 2034, driven by increased renewable energy integration and grid modernization efforts. [pdf]
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With the combination of Internet, information technology and energy, energy storage industry plays an important role in the adjustment of energy structure with its abundant resources and friendly environmenta. [pdf]
The global energy storage systems market was estimated at USD 668.7 billion in 2024 and is expected to reach USD 5.12 trillion by 2034, growing at a CAGR of 21.7% from 2025 to 2034, driven by the increasing integration of renewable energy sources, advancements in battery technology, and the rising demand for grid stabilization and energy efficiency. [pdf]
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Rapid cost declines in lithium-iron-phosphate (LFP) technology, the pivot to >6-hour battery energy storage systems (BESS), and the accelerating electrification of transport all reinforce the current growth trajectory. [pdf]
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