Bosnia and Herzegovina Distributed Energy Storage BESS

Which countries install a Bess system?

China accounted for 67% of BESS deployments globally, as provincial level requirements and record low cell and system prices drive forward the market. The US & Canada was once again the second largest region with close to 40GWh installed, of which half was installed in California alone.

What is Rystad Energy's forecast for Global Bess installations?

Rystad Energy’s forecast for global BESS installations over the coming decade. Image: Rystad Energy. Annual battery energy storage system (BESS) installations will grow by 10x between 2022 and 2030, according to research firm Rystad Energy.

How many GWh of storage has been installed in Europe?

Outside of the grid market, over 40GWh of storage was installed. Historically, this has been led by strong residential markets with subsidy support in key European markets. However, a combination of stabilising electricity prices and drops in subsidies have led to a levelling off in this market.

What will Rystad expect from Bess deployments in 2022?

Rystad expects annual BESS deployments to grow by an average CAGR of 33% between 2022 and 2030, across all market segments including residential, commercial and grid-scale. From 43GWh of deployments last year, the firm is anticipating some 421GWh of new capacity to come online in 2030.

Is Bess a transmission asset?

In the future, BESS will play an increasing role as a transmission asset. The largest BESS integrator globally Fluence has made this a strategic focus recently. Rystad also broke down BESS installations by region in the graphic below.

How long does a Bess project last?

Systems are being designed to match profitability, as reflected across the two largest US markets, Texas projects had an average duration of 1.7 hours compared to close to 4 hours in California. Latin America is emerging as a market for longer duration BESS, with average duration of new projects in 2024 just under 4.2 hours.