
the global energy storage market is growing faster than a lithium-ion battery charging in direct sunlight. According to BloombergNEF, installations jumped 89% year-over-year in 2023, reaching 137 gigawatt-hours worldwide. But what's fueling this rocket-like growth? Grab your insulated gloves, we're diving into the electrifying details.
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Remember when electric vehicles were niche and solar panels seemed like sci-fi? That's exactly where energy storage stood in 2010 when California first dipped its toes into storage mandates. Fast forward to today, and the Golden State now boasts enough battery capacity to power 1.2 million homes – talk about glow-up!
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