Global commercial battery storage projected to reach 7 TWh by 2035

Wood Mackenzie forecasts a seven-fold increase in commercial and industrial energy storage by 2035, driven by falling battery costs and supportive policy across emerging and developed markets.

First covered Oct 11, 2026 · 11:26 PM PT · 1 article · no longer in the live window

Global commercial battery storage projected to reach 7 TWh by 2035 — Image via pv-magazine.com

Coverage

30d PV Magazine C&I storage the ‘sleeping giant waking up’, says WoodMac — Global energy storage outlook will see a seven-fold growth by 2035 passing 7 TWh, with falling costs and policy support accelerating battery storage momentum…

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Appeared in: 2026-10-12 (#6)

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