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Global BESS Market Set for Record Growth in 2025

Battery energy storage system (BESS) installations surpassed 200 GWh in 2024, with wholesale exceeding 300 GWh. Projections for 2025 indicate nearly 350 GWh of installed capacity, marking a 60% year-on-year increase—over five times the 2022 market size.

Under an optimistic scenario, completions could push demand past 400 GWh. Key market factors include potential U.S. tariffs, China’s evolving BESS policies, the impact of the Moss Landing fire on thermal innovation, and rising AI-driven datacenter energy needs. The sector remains on a strong growth trajectory despite regulatory uncertainties.