Key findings – Global Energy Review 2026 – Analysis
Global Energy Review 2026 - Analysis and key findings. A report by the International Energy Agency.
The Global Energy Internet integrates distributed renewable energy, smart grids, and digital technologies to create a resilient, efficient, and sustainable energy system . Energy storage is critical in this framework, as it allows for balancing intermittent renewable generation, enhancing grid flexibility, and supporting real-time demand management. Storage systems, including batteries, pumped hydro, and emerging technologies, act as buffers that store excess energy and release it when demand peaks or renewable output fluctuates .
Battery storage is the fastest-growing power technology globally. In 2025, 108 GW of new battery storage capacity was deployed, a 40% increase from 2024, with lithium-iron phosphate (LFP) batteries accounting for around 90% of deployments due to their cost-effectiveness and cycling durability . Utility-scale projects dominate, but behind-the-meter installations for commercial and residential use are also expanding. China leads global deployment, followed by the US and Europe, with emerging markets in Australia, the Middle East, and Sub-Saharan Africa gaining momentum . Globally, annual energy storage deployment (excluding pumped hydro) is projected to reach 92–94 GW (247 GWh) in 2025, with cumulative capacity expected to hit 2 TW (7.3 TWh) by 2035, reflecting an eightfold increase from 2025 levels . This growth is driven by supportive policies, utility procurement, and the increasing need for renewable integration.
Energy storage technologies are evolving to meet the demands of the Energy Internet:
Energy storage underpins the Energy Internet's goals of carbon neutrality and grid stability. By storing renewable energy and enabling flexible dispatch, storage reduces reliance on fossil fuels, mitigates intermittency, and supports global decarbonization efforts. Additionally, digital technologies integrated with storage systems allow for adaptive self-healing grids, faster recovery from faults, and improved urban energy monitoring .
The synergy between energy storage and the Global Energy Internet is essential for a sustainable, resilient, and efficient energy future. Rapid deployment of battery storage, technological innovation, and digital integration are driving the transition toward a globally interconnected energy system capable of supporting high shares of renewable energy while maintaining grid stability and energy equity .
Global Energy Review 2026 - Analysis and key findings. A report by the International Energy Agency.
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