https://thedriven.io/2025/03/25/byd-leads-unstoppable-charge... ("In 2024, 3,100 GWh of fully commissioned battery-cell manufacturing capacity was online, more than 2.5x that of annual demand. This has driven massive demand growth for EVs and stationary energy storage (BESS) systems globally, with China continuing to dominate.")
Global BESS deployments soared 53% in 2024 - https://www.energy-storage.news/global-bess-deployments-soar... - January 14, 2025 ("Storage installations in 2024 beat expectations with 205GWh installed globally, a staggering y-o-y increase of 53%. The grid market has once again been the driver of growth, with more than 160GWh deployed globally, of which 98% was lithium-ion.")
To put that number into perspective: That's about three days of Germany's electricity usage. And we can easily absorb 2-3 days in the electric grid alone.
Oh please don't misunderstand me: We will end up using solar (or wind, which is really just solar with an extra detour), mostly because we have about 4 orders of magnitude more energy available there than we need. I just wanted to put the (admittedly impressive sounding) number of 3,100 GWh annual battery production capacity in perspective.
And to further qualify that: The capacity is increasing rapidly (but we will need it)
Global BESS deployments soared 53% in 2024 - https://www.energy-storage.news/global-bess-deployments-soar... - January 14, 2025 ("Storage installations in 2024 beat expectations with 205GWh installed globally, a staggering y-o-y increase of 53%. The grid market has once again been the driver of growth, with more than 160GWh deployed globally, of which 98% was lithium-ion.")
China’s Batteries Are Now Cheap Enough to Power Huge Shifts - https://www.bloomberg.com/news/newsletters/2024-07-09/china-... | https://archive.today/DklaA - July 9, 2024
China Already Makes as Many Batteries as the Entire World Wants - https://www.bloomberg.com/news/newsletters/2024-04-12/china-... | https://archive.today/8Dy4D - April 12, 2024
Global BESS deployments to exceed 400GWh annually by 2030, says Rystad Energy - https://www.energy-storage.news/global-bess-deployments-to-e... - June 15, 2023