Summary 2

Global storage targets have increased, but fall short of the COP29 pledge 4

  Battery additions are driving a boom in global storage capacity 6

  Battery additions need to ramp up to meet the global storage pledge, but at a fraction of recent growth rates 8

China and the EU now account for 80% of the world’s national storage targets 10

Storage and solar targets are more powerful together 14

  Storage has a critical role to play in supporting the clean energy transition 17