2022 has been an exceptional year in many ways. In this article, we look back on what has changed in the battery energy storage industry throughout the year. Neil guides you through the key statistics from the world of battery energy storage in GB in 2022. Installed capacity increased by a record 542 MW.
2022 was a record year for battery storage. The addition of 12 new grid-scale storage projects totaling a record 542 MW saw the fleet increase to 1.93 GW in size. This is a 39% increase in capacity from 2021. The total energy capacity of the fleet increased by 48% to 2.24 GWh.
At the end of the year 2022, total global installed stationary battery storage capacity stood at more than 27 GW ( , p. 311). The speed of the increase has been substantial: just 10 years ago, the global installed battery energy storage was less than 1 GW in total.
Revenues grew by 19% thanks to record prices in Dynamic Containment and Monthly FFR. And... we reveal our top 3 performing batteries of 2022. 2022 was a record year for battery storage. The addition of 12 new grid-scale storage projects totaling a record 542 MW saw the fleet increase to 1.93 GW in size. This is a 39% increase in capacity from 2021.
In the STEPS, installed global, grid-connected battery storage capacity increases tenfold until 2030, rising from 27 GW in 2021 to 270 GW. Deployments accelerate further after 2030, with the global installed capacity reaching nearly 1300 GW in 2050.
This is a 39% increase in capacity from 2021. The total energy capacity of the fleet increased by 48% to 2.24 GWh. This means the average duration of the GB battery energy storage fleet is now up to 1.2 hours. Figure 1 shows how the GB battery energy storage fleet has grown over the last 7 years. So, how did we reach this new total?