Scheduled maintenance 30/07/2025
Friday 23 of May - We're currently making improvements to our website.While we work, you might experience occasional issues with logging in or accessing your account.To ensure a smooth experience, we recommend holding off on any purchases or account activities until our maintenance is complete. Feel free to browse!
Thanks for your understanding as we enhance our site. We'll let you know when everything's back to normal.. Please contact us if you have any questions. We appreciate your patience and understanding.
Energy networks and storage
A record high 5 GW of battery storage capacity was added worldwide in 2020, bringing the total capacity to around 17 GW
Energy storage allows for flexibility in the timing of when energy is supplied and when it is used. Energy storage comes in a number of forms, including chemical, kinetic, thermal, gravitational potential, electromagnetic, electrochemical and osmotic potential. The choice of storage solution depends on location as well as reserve service required, since different technologies can provide different capacities and durations of storage. Storage of solid, liquid and gaseous fuels has been commonplace for centuries; as the low carbon transition requires integration of increasing intermittent renewable sources into the system, energy storage is becoming integral for reducing dependency on fossil fuels and achieving a flexible, resilient energy network. Strategic placement of storage also gives the potential to avoid otherwise necessary network upgrades and curtailment of expensive assets. Greater connectivity between different energy networks, i.e. interconnection across national grids, can allow for security of supply without needing additional generation capacity.
Energy storage has applications varying from small-scale local systems in homes or commercial buildings – which are becoming increasingly common alongside the rise of distributed generation – to utility-scale storage systems. Common examples of energy storage include batteries (mainly lithium-ion) which store electricity as chemical energy, pumped hydroelectric storage systems which store gravitational potential energy in elevated reservoirs, and ice storage tanks which store thermal energy by freezing water with cheaper energy at night to meet peak cooling demand in daytime. Surplus renewable electricity can also be used to produce energy carriers like hydrogen, enabling the storage of renewable energy for long periods. Electric vehicles can also function as storage systems, since electricity can be transferred both to and from the batteries of plugged-in vehicles when needed. With energy storage expected to play a greater role towards a low-carbon and sustainable energy future, various storage technologies must be evaluated to balance the trade-offs between life-cycle cost, efficiency, material sustainability and safety.
Learn more about storage by reading our Energy Insights.
Read our New Energy World articles on how energy storage fits into strategies for carbon reduction.
Learn about recent public funding for research and development of energy storage on our policy milestone calendar.
0%
increase seen in overall investment in battery storage in 2020 (IEA)
0%
fall in the price (volume-weighted average) of a lithium-ion battery pack since 2010 saw prices reach an average of $137/kWh in 2020 (BloombergNEF)
0TWh
of global energy storage in forecast to be installed by 2030, compared to 34 GWh in 2020 (BloombergNEF)
0 billion
will be saved by bill-payers by 2050 by moving to a zero carbon gas grid (Energy Networks Association)
What's new?
Two major manufacturers invest in green hydrogen transition in the UK, as hydrogen storage demonstration project publishes findings
30/07/2025
Global chemicals company INEOS reports that it has cut carbon emissions by 75% at its Saltend, Hull, chemical manufacturing site after converting the ...
UK government rules out move to zonal pricing for electricity market
16/07/2025
While zonal pricing would have split Great Britain into multiple regions to reflect local generation and transmission costs, concerns from renewable o...
World’s largest sand battery enters operation in Finland
18/06/2025
The battery delivers 1 MW of thermal power and offers a storage capacity of 100 MWh, making it 10 times larger than the unit launched in Kankaanpää in...
UK government confirms £13.2bn Warm Homes Plan amid criticism of retrofit policy failures
18/06/2025
The £13.2bn of funding for the Warm Homes Plan was originally promised as part of the Labour government’s manifesto. Reeves confirmed the full funding...
‘World-first’ liquid hydrogen corridor to link Oman and northern Europe
30/04/2025
The JDA plans for the commercial-scale import of renewable liquid hydrogen to Europe from 2029. It was signed by 11 parties, including Oman’s national...
Events and training
CCUS 2025: Real Projects, Real Impact, Delivering Net Zero
14/10/2025
Organised by The Carbon Capture and Storage Association, this is THE global conference on CCUS which delves into the key topics related to commercial ...
Aviation Jet Fuel - October 2025
28/10/2025
This 3-day training course will provide delegates with an overview of aviation jet fuel, focusing on the jet engine, its underlying principles and fue...
Hazardous Area Classification - November 2025
04/11/2025
This 3-day training course will provide delegates with training on the Energy Institute Model Safe Code of Practice 15, Area Classification for Instal...
Reservoir Microbiology Forum (RMF)
19/11/2025
The RMF is an excellent multi-disciplinary platform that brings together oil producers, scientists, technologists, engineers, academics, and researche...
2025 SafetyOn Stakeholder Forum
04/12/2025
2025 SafetyOn Stakeholder ForumThe 2025 annual SafetyOn Stakeholder Forum will take place on 05th December 2024 at the Edinburgh International Confere...