Asia Battery Demand

Grid needs upgrade to support battery storage growth

Batteries account for nearly 100% of the global storage market.

Grid needs upgrade to support battery storage growth

Batteries account for nearly 100% of the global storage market.

Energy storage VC funding up 59% YoY to $9.2b in 2023

This is supported by the Inflation Reduction Act’s investment tax credit and other incentives.

Where to put big batteries within Australia’s ‘skinny grid’

About 400km northwest of Brisbane stands a new 100MW battery energy storage. 

China, US to account for 75% of global energy storage demand

Wood Mackenzie projected the markets to have 422GWh and 600GWh by 2031. 

ACEN Australia begins 50MW battery storage development

This will be connected to the New England Solar Farm in New South Wales. 

Asia to bring bulk of battery demand by 2030

Demand from the region will account for 41% of the global market.