Energy storage is driving the transition
Constant advancements in battery technology, supported by the adoption of electric vehicles, are facilitating the energy transition
Renewables will overtake conventional power sources by 2032, making them the fastest-growing energy source globally. Ambitious policy goals target 100pc renewable power generation. The energy storage market is rapidly evolving to support these goals and it has a crucial role to play in helping to make these ambitions a reality. In 2018, the global energy storage market expanded to record levels, with 147pc year-on-year growth in gigawatt-hour (GWh) terms. After a bump in the road in 2019, with a 13pc reduction in year-on-year deployments, we projected exceptional growth for 2020. However, the coronavirus crisis has the potential to trim our global energy storage deployments forecast for the
Also in this section
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
