Global Scans · Energy storage · Weekly Summary

• [New] Long-term energy storage is set to be a critical component of global energy security and a massive industrial sector going forward, as renewable-dependent grids will need to balance energy demand and surplus over weeks, months, and seasons as opposed to hours. oilprice.com
• [New] Australia needs 10-20 times more energy storage of all kinds by 2050 to meet its net zero emissions target. Australian Broadcasting Corporation
• [New] Tesla is already working on its own LFP battery production in the US, with a facility in Nevada (reportedly for its energy-storage products first) expected to come online in 2026. Electrek
• [New] Canada's energy storage outlook for 2050 is between 20 GW and 40 GW, taking into account both short-duration and long-duration energy storage technologies. Energy-Storage.News
• [New] In 2025, sand battery systems could emerge as a cornerstone of renewable energy storage. Technologic Innovation
• 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
• 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
• 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

Last updated: 14 December 2025