Stem SPAC Presentation Deck
stem Global Energy Storage Market to Grow ~25x By 2030
Global energy storage
growth remains robust
long-term
Overview of Global Growth Trends
All major global markets forecasted at double
digit storage growth rates over the decade
US and China lead energy storage growth with
respective CAGRs of ~45% and ~41%
respectively through 2030
Regulatory environment in Japan spur residential
storage market with renewable growth spurring
FTM storage to yield ~19% CAGR through 2030
Lack of market rules, policies, and incentives for
storage markets stifle growth in Latin America
Source: EEI, Wood Mackenzie.
(1) Includes all FTM, non-residential and residential storage.
Capacity (GWh)
Global Energy Storage Outlook (GWh)
200
180
160
140
120
100
80
60
40
20
0
6
5
22
30
2018 2019 2020 2021 2022
United States
EMEA
Cumulative Capacity (1
(1)
31% CAGR
37
2023
40
48
62
China
Rest of APAC
79
101
Confidential 44
128
164
2024 2025 2026 2027 2028 2029 2030
Japan
Rest of World
T
800
700
600
500
400
300
200
100
0
Cumulative Capacity (GWh)View entire presentation