Alofi 2025 Energy Storage solar

Will commercial battery deployments overtake residential build by 2030?

Commercial battery deployments overtake residential build by 2030in BNEF’s latest outlook, thanks to updated assumptions on attachment rates, which refer to the percentage of solar installations that are paired with a battery. Lithium iron phosphate (LFP) remains the prevalent lithium-ion battery chemistry in the stationary energy storage market.

Will sodium-ion batteries hit new heights in 2025?

Expectations for sodium-ion batteries among manufacturers have cooled as LFP prices continue their downward trend, leading to BNEF’s lowered expectations for sodium-ion technology to scale. The global energy storage market is poised to hit new heights yet again in 2025.

How will wind & solar payments work in 2025?

New policy introduced in February 2025 requires wind and solar payment mechanisms to move toward more market-based structures, where 100% of wind and solar generation is to be traded in the wholesale market with local governments left to define their own implementation details by the end of the year.

What will BNEF's growth look like in 2035?

The bumper year will be followed by a compound annual growth rate of 14.7% through to 2035, with annual additions reaching 220 gigawatts/972 gigawatt-hours that year, based on BNEF’s latest outlook.