
The study details two growth scenarios: a Business-as-Usual path, with ESS reaching 22-23 GWh by 2032, and a Rapid Adoption scenario, in which market-friendly reforms and technological advances could propel installations to 31 GWh
BESS market growth is being strongly shaped by utility-scale procurement mandates across the US, China, and the EU, which are accelerating gigawatt-scale deployments, while grid-forming inverter requirements are unlocking new co-location value streams. In par…