Energy Storage Boom: Global Growth Rates and New Markets up to 2030

The smarter E Podcast Episode 175 | May 16, 2024 | Language: English

Last year marked a turning point with record additions in the energy storage industry, and the outlook to 2030 is even more impressive. Experts at BloombergNEF forecast annual growth of 27 percent, with annual additions expected to reach 110 GW or 372 GWh by 2030, more than two and a half times the 2023 installations. This momentum is fueled by targeted subsidies and policy reforms that favor energy storage projects. New markets are opening up around the world that are increasingly relying on energy storage solutions to meet their capacity requirements. The Asia-Pacific region in particular, led by China, is seeing strong growth, accounting for almost half of global access. But what is actually happening deep in the West, in South America, but also in Latin America?

We explore this question in this episode with Markus Vlasits, NewCharge Energy and Patricia Tatto, ATA Renewables.


  • 03:13 Overview of the global energy storage market? What are the most important trends and innovations at the moment?
  • 11:27 What is the state of manufacturing in the global energy storage market? How is the market currently structured, how are the locations in Europe and South/Central/North America developing?
  • 23:22 Deep Dive Mexico: How do the political and regulatory frameworks in Mexico influence the energy storage market?
  • 25:17 Deep Dive South America: What are the special features of the energy storage market in South America, particularly in Chile and Brazil?
  • 31:10 Global Technological advances: What new technologies or innovations in energy storage do you find particularly promising?

About The smarter E Podcast

The smarter E podcast is all about the current trends and developments in a renewable, decentralized and digital energy industry. Our moderators Tobias Bücklein and Zackes Brustik welcome and interview personalities who shape our industry and drive developments forward. A new episode is published every Thursday.

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About Patrica Tatto and ATA Renewables

With over 15+ years of international experience in renewable energy, Patricia is the Vice President for America at ATA Renewables, a lean and independent renewable energy group with more than 200 GW of expertise in projects worldwide.

ATA provides technical consultancy, construction management, and certification services for wind, solar, storage, and green hydrogen projects, acting as independent guardians of their clients' best interests with a tailor-made approach.

About Markus Vlasits and NewCharge Energie

As Managing Director of NewCharge Energy, Markus has a long history in the photovoltaic sector - he was vice president of Q-Cells in Germany, executive director of Yingli Green Energy of Brazil and co-founder and commercial director of Faro Energy, an investment company focused on photovoltaic projects for commercial clients and industrial. He is Austrian and has lived in Brazil since 2012.

NewCharge Energy develops solutions for power generation and storage and provides solutions for customers in the agricultural, industrial and commercial sectors throughout Brazil. The work ranges from assessing the economic and technical feasibility, selecting suppliers, financial structuring, installation, operation and maintenance of energy storage systems.

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