Long Duration Energy Storage Systems for a Cleaner Future
Strong and Growing Demand for Energy Storage
Cumulative Additions to Global Storage Capacity (GWh)
Global Total Addressable Market ($bn)
RESSINE
Front of the meter
Behind of the meter
Front of the meter
534
+43%
CAGR
Behind of the meter
+33%
$56
CAGR
397
301
+44%
CAGR
$46
$39
$28
+32%
CAGR
287
226
$33
$22
$27
$19
199
$22
168
$18
$17
$15
130
+34%
121
$14
233
+42%
$28
CAGR
79
83
33
171
CAGR
$8
$12
$24
$20
39
$15
11
52
119
$4
$12
6
26
77
$8
47
$4
$5
13
27
2020 2021 2022 2023 2024 2025 2026 2027
2020 2021 2022 2023 2024 2025 2026 2027
ESS has observed even greater demand from customers than these current analyst estimates
Source Guidehouse Insights, 'Market Data: Utility-Scale Energy Storage Market Update', 3Q 2020; Guidehouse Insights, 'Market Data: Energy Storage for Microgrids and Remote Power Systems', 2Q
2020; and Navigant Research, 'Distributed Energy Storage Overview', 4Q 2019.
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