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Global distribution of cumulative electric energy storage capacity by region, 2022

Global distribution of cumulative electric energy storage capacity by region, 2022 | HolonIQ
The US leads with 31% of global electric energy storage capacity

Global distribution of cumulative electric energy storage capacity by region, 2022

Source

EESA Energy

Date

13 Mar 2023

Notes

The United States leads with 31% of the global distribution of cumulative electric energy storage capacity. A combination of factors including government policies, integration of renewable energy, ongoing grid modernization efforts and favorable market conditions has led to this. Policies like the Inflation Reduction Act and state-level initiatives offering tax credits and incentives for renewable energy investments have contributed to the expansion of electric energy storage capacity. The global distribution of electric energy storage capacity is growing, an important element in balancing supply and demand within electricity networks, particularly in light of the growing integration of renewable energy sources such as solar and wind. Regions like North America, Europe, and East Asia lead in this growth, driven by their quick adoption of renewable energy technologies and supportive governmental frameworks.

License

CC BY 4.0