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How many energy storage projects are there?

The analysis is based on BNEF’s Energy Storage Assets database, which included over 14,000 energy storage projects worldwide as of October 2024. In particular, BNEF counts the number of projects above 10 megawatt or 10 megawatt-hours to which a supplier has provided batteries and/or energy storage systems in the last two years.

What is Tier 1 energy storage?

From 1Q 2025, the criterion for an energy storage brand to be listed as tier 1 is that it must have supplied, or be firmly contracted to supply, products to six different eligible projects in the last two years. To be eligible, each project: must be larger than 10MW or 10MWh (whichever is higher).

What are the tiering criteria for energy storage?

From 1Q 2025, an energy storage brand to be listed as tier 1 must have supplied products to at least three different third-party buyers in the last two years. We may change these criteria further. In addition, the tiering team reserves the right to reject projects which are demonstration, not fully commercial.

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Manufacturers

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