The uptake of utility-scale battery storage has grown due to falling costs of lithium-ion batteries. Globally, energy storage additions are expected to reach 92 GW in 2025, with China and the U.S. leading the way. However, some areas in the U.S. are slow to adopt battery storage due to safety concerns.

In California, battery storage capacity has surged, contributing to grid stability. The U.S. now has 35 GW of battery storage capacity, with California, Texas, and Arizona leading the charge. Energy companies in the U.S. have been investing in battery power to meet future demand and boost grid reliability.

Battery storage capacity is expanding in Mexico, with regulatory updates and rapid renewable energy growth driving the boom. Skysense and BYD Energy Storage are partnering to expand storage capacity in Latin America. India aims to double its renewable energy capacity by 2030 but faces challenges in attracting investment for battery storage.

There is a global battery storage boom, with some regions investing heavily to support a green transition. However, lagging areas may slow the shift away from fossil fuels. Greater investment in battery storage is needed to accelerate the adoption of renewable energy and reduce reliance on traditional energy sources.

Read more at Yahoo Finance: The Battery Boom Is Reshaping Power Markets