Global Energy Storage_ Gigafactory expansion still strong but investment slowing
Environmental Defense Fund·2025-02-09 04:54
5 February 2025 Global Energy Storage Global Energy Storage: Gigafactory expansion still strong but investment slowing Neil Beveridge, Ph.D. +852 2918 5741 neil.beveridge@bernsteinsg.com Brian Ho, CFA +852 2918 5772 brian.ho@bernsteinsg.com Hengliang Zhang +852 2918 7871 hengliang.zhang@bernsteinsg.com Global battery manufacturing capacity is estimated to grow by 43% y-o-y in 2025 which will exceed demand growth of 25-30%. Global battery capacity grew by 34% y-o-y to 2.8TWh in YE24 (vs. demand of 1.2TWh). C ...