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The world's grid-scale battery storage capacity grew by 120.8% from 2022 to 2023, which puts us on track to reach the International Energy Agency (IEA)’s target of 1300 GW of battery storage by 2030.

China now has nearly half the world's battery storage capacity, growing 249.1% from 2022-2023. The U.S. comes in second place with 28.3% of the world's capacity, which grew by 70% from the previous year.