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company news about Global Grid‑Scale Storage Demand to Surge 8–34× by 2050, with LiFePO₄ at the Core

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Global Grid‑Scale Storage Demand to Surge 8–34× by 2050, with LiFePO₄ at the Core
Latest company news about Global Grid‑Scale Storage Demand to Surge 8–34× by 2050, with LiFePO₄ at the Core

Global – July 2025 — A wave of recent reports by UBS, Rho Motion, and the International Energy Agency (IEA) reveal that world battery storage capacity must grow dramatically—between 8 and 34 times higher by 2050—to effectively support the global transition to renewable energy. Among battery technologies, LiFePO₄ (LFP) stands out as the backbone of this expansion.

Massive Expansion Required

  • According to UBS, global grid-connected storage needs to expand eightfold by 2030, and reach up to 34-fold by 2050 to sustain renewable integration and maintain grid reliability.
  • The IEA supports this, reporting storage demand must increase sixfold by 2030, with batteries contributing 90% of that growth.

LFP at the Center of Growth

  • Rho Motion notes that 87% of global energy storage installations in 2024 used LFP batteries, up from 83% in the previous year.

  • This dominance is driven by LFP’s competitive cost, long lifespan, inherent safety, and lack of reliance on nickel or cobalt.

Demand Outpacing EV Growth

  • Demand for grid-scale battery storage surged by 85% in 2024, outpacing growth in electric vehicle deployment .

  • Forecasts indicate by 2030, energy storage applications could represent up to 20% of global battery use, with LFP technology enabling much of this growth

Why This Matters

  • Grid resilience: Large-scale storage is essential to buffer intermittent solar and wind generation.

  • Climate ambition: To meet COP28 and other decarbonization targets, vast battery deployment is critical.
  • ndustry shake-up: Energy storage is rapidly climbing in strategic importance—no longer overshadowed by EV batteries. LFP technology is rewriting battery market dynamics.

Visual Insight

The included chart (above) highlights the projected global market growth in grid-scale battery storage, moving from under $10 B in 2025 to nearly $30 B by 2029—a trend strongly correlated with expanded LFP deployment.

Pub Time : 2025-07-03 17:56:38 >> News list
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