Press release
United States Renewable Energy Storage Industry is to reach USD 70.7 billion by 2033 , Latest 2025 Insights Released by DataM Intelligence
Leander, Texas- The US renewable energy storage market size was valued at approximately USD 21.9 billion in 2024 and is projected to reach around USD 70.7 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 13.9%.DataM Intelligence has published a new research report on "Renewable Energy Storage Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
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Mergers & Acquisitions
Renewable and energy storage M&A activity reached around USD 43 billion in the first half of 2025, driven by large-scale grid-connected battery and solar portfolio deals. The most active regions were North America ($16B), Europe ($13B), and APAC + LATAM ($12B).
The European energy storage sector saw more than 11 GW of traded battery capacity, reflecting investor confidence in grid-scale battery systems and hybrid renewables.
M&A activity in energy storage projects increased by 138% in H1 2025, focusing primarily on utility-scale storage assets; the number of project deals rose to 31 from 13 in 2024, even though overall corporate M&A remained subdued.
Product & Technology Launches
Ola Electric introduced Ola Shakti, its first stationary energy storage product for homes, farms, and small businesses. The product line uses in-house 4680 Bharat Cells and comes in configurations between 1.5 kWh and 9.1 kWh, with pricing starting around INR 29,999.
Hithium unveiled an AI-driven long-duration energy storage system optimized for data centers, aiming to support low-carbon transition and sustainable computing by 2030.
A major milestone in Europe came with the opening of the first "Made in Europe" BESS factory in Bulgaria, marking a step toward localizing battery storage manufacturing and reducing supply chain dependence.
The SECI (Solar Energy Corporation of India) launched a tender for 4.8 GWh renewables-plus-storage projects in India, encouraging domestic and international developers to pair solar and wind capacity with grid batteries.
Cummins India began offering battery energy storage systems tailored to industrial and commercial consumers, enhancing reliability and grid flexibility.
Key Players:
Delta Electronics, Inc., General Electric Company, Hitachi, Ltd., Siemens Energy, Tesla, Inc., Toshiba Corporation, Trina Solar Co., Ltd., ABB Ltd., EVLO Energy Storage Inc. and NEC Corporation
Growth Forecast Projected:
The Renewable Energy Storage Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the Renewable Energy Storage Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Investments:-
Despite robust project activity, total global energy storage corporate funding declined 41% YoY in the first half of 2025-standing at USD 9.1 billion across 55 deals, compared with USD 15.4 billion in 2024. The dip was largely due to regulatory uncertainty in the U.S. and changes to tax credit programs.
Venture capital funding also fell by about 29%, totaling USD 1.7 billion; top deals included financing for companies like KoBold Metals ($537M) and Green Flexibility ($411M).
According to Coherent Market Insights, the energy storage system market is expected to reach USD 52.95 billion in 2025, growing to USD 86.76 billion by 2032 at a CAGR of 7.3%. The Asia-Pacific region holds nearly 48% of the market share due to high investments and pro-renewable policies in India, China, and Japan.
Market Segmentation-
By Type- Wind Power, Hydroelectric Power, Solar Power, Bio Energy, Others
By Technology- Battery Storage, Pumped Hydro Storage, Flywheel Energy Storage, Thermal Storage, Others
By End-User- Residential, Industrial, Commercial
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Renewable Energy Storage Market Lates News
✅ In Q2 2025, the PJM Interconnection, one of the largest U.S. power grids, added a record 5.6 GW / 17.8 GWh of battery storage. The U.S. renewable energy storage market is projected to reach 43 GW by 2045, driven by the growing integration of renewables and the need for improved grid reliability.
✅ In H1 2025, Europe recorded over 11 GW of battery capacity traded, indicating strong investor momentum in grid-scale and hybrid energy storage projects. Additionally, Bulgaria launched its first domestic battery storage manufacturing plant, boosting regional supply chain independence.
✅ In 2025, the Dutch pension fund APG invested €300 million ($350 million) in energy storage operator Return, supporting plans for a 5 GW battery network across Europe by 2030, including the largest battery unit in the Netherlands (350 MW).
✅ Throughout 2025, the Asia-Pacific region-including China, Japan, South Korea, and Australia-emerged as a leader in renewable energy storage expansion. Government incentives, large-scale investments, and Australia's "mega battery" projects replacing coal capacity are propelling regional growth, while emerging markets like Saudi Arabia and South Africa are joining the energy storage expansion wave.
FAQ's
Q1: What is the current size of the Renewable Energy Storage Market?
A: The Renewable Energy Storage Market stood at US$ 949.9 Million in 2023 and is set to experience remarkable growth, reachingUS$ 2,253.0 Million by 2031
Q2: How fast is the Renewable Energy Storage Market growing?
A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 11.4%from 2024 to 2031
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Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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