Energy Storage Statistics 2019: The Year Batteries Started Eating the Grid's Lunch
Remember when energy storage was just a nerdy sidekick to solar panels? 2019 flipped the script faster than a TikTok dance trend. That year, the global energy storage market hit a staggering $33 billion, pumping out enough juice to power 10 billion LED bulbs for an hour. Let's unpack why this sector suddenly went viral.
By the Numbers: 2019's Storage Smackdown
The stats tell a story sharper than a Tesla engineer's spreadsheet:
- 100 gigawatt-hours annual production – equivalent to 16,000 Olympic swimming pools filled with electricity
- 83% year-over-year growth in utility-scale projects (proving size does matter)
- Lithium-ion batteries dominated 85% of new installations – basically the Beyoncé of storage tech
Case Study: Australia's "Big Battery" Flex
Down Under, Tesla's Hornsdale Power Reserve (nicknamed the "Tesla Big Battery") became the poster child for storage success. This 150 MW/194 MWh behemoth:
- Reduced grid stabilization costs by 90% in South Australia
- Responded to outages 140x faster than traditional coal plants
- Paid for itself in under 2 years – take that, skeptics!
The Secret Sauce: 2019's Tech Breakthroughs
While lithium-ion stole the spotlight, 2019 saw more storage flavors than a Baskin-Robbins:
1. Flow Batteries: The Tortoise to Lithium's Hare
Vanadium redox flow systems quietly achieved 20,000+ charge cycles – perfect for grid-scale endurance races. China deployed enough flow battery capacity in 2019 to power 30,000 homes for a day.
2. Thermal Storage: Turning Up the Heat
Molten salt systems reached temperatures hot enough to melt steel (565°C), storing sunlight like a solar-powered thermos. The Crescent Dunes project in Nevada became the first plant to deliver 24/7 solar energy using this tech.
Money Talks: Where the Dollars Flowed
Investment patterns revealed some juicy insights:
- Corporate procurement jumped 58% – even Big Oil started hedging bets
- Residential storage installations doubled, proving homeowners weren't just watching Netflix
- California alone accounted for 38% of U.S. deployments (sunshine state, meet battery state)
The Dark Horse: Behind-the-Meter Systems
Commercial/industrial storage grew 45% as factories realized they could:
- Shave peak demand charges like a Vegas card shark
- Provide backup power during outages (take that, hurricane season!)
- Participate in demand response programs – essentially getting paid to sit on their energy hands
Policy Winds Blowing Storage Forward
2019 wasn't just about tech – regulatory shifts greased the wheels:
- FERC Order 841 forced grid operators to play nice with storage
- China's 14th Five-Year Plan made storage a national priority
- EU's Clean Energy Package removed double taxation on storage assets
As the sun set on 2019, one thing became clear: energy storage had graduated from science fair project to grid backbone. Utilities started seeing batteries not as threats, but as partners in keeping the lights on – even when the wind stopped blowing and the sun clocked out.
Download Energy Storage Statistics 2019: The Year Batteries Started Eating the Grid's Lunch [PDF]
Visit our Blog to read more articles
You may like
- What Is the Energy Storage Hormone? Your Body's Battery Manager Explained
- CL Energy Storage Corporation: Powering Global Energy Transition Through Innovation
- Frequency Regulation Battery Energy Storage: The Silent Guardian of Modern Power Grids
- Tesla's Energy Storage Revolution Lights Up Puerto Rico
- How to Make Energy Storage Profitable: Breaking Down the Billion-Dollar Puzzle
- The Bright and Bumpy Road of Hydrogen Energy Storage: What You Need to Know
- MidAmerica Energy Battery Storage: Powering the Heartland's Renewable Future