Which emerging markets will lead the storage industry in 2025?

In Latin America, momentum was built as storage deployments increased by 42%. In 2025, emerging markets for storage will be on the rise. Saudi Arabia will lead the charge, fuelled by its expansion of solar and wind generation.

What will the energy industry look like in 2025?

In 2025, many companies – particularly those that are reliant on energy supplied by countries involved in war or political trouble – will focus on reducing dependency on imports and increasing domestic energy production.

Is offshore wind power a good investment?

Offshore wind power offers higher energy yields due to stronger and more consistent winds at sea, making it an attractive option for countries with extensive coastlines. In Europe, offshore wind capacity is set to double by 2025, with the U.K., Germany, and Denmark leading the charge.

Why are solar and wind energy the cheapest energy sources?

In the U.S., legislation like the Inflation Reduction Act (IRA) fueled investments in clean energy technologies, helping drive the cost of renewables down and encouraging widespread adoption. Solar and wind energy both reached new milestones, becoming some of the cheapest energy sources available.

Why is storage demand increasing?

Storage demand continues to escalate, driven by the pressing need to decarbonise economies through renewable integration on the grid and by load increases from data centre demand, manufacturing and increased electrification.

Why is energy storage important?

Energy storage is also critical for decoupling electricity generation from consumption, allowing businesses and utilities to store excess energy during periods of low demand and release it when needed. This capability is especially crucial for balancing intermittent renewable sources and ensuring grid stability.