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.
Rho Motion notes that 87% of global energy storage installations in 2024 used LFP batteries, up from 83% in the previous year.
Demand for grid-scale battery storage surged by 85% in 2024, outpacing growth in electric vehicle deployment .
Grid resilience: Large-scale storage is essential to buffer intermittent solar and wind generation.
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.
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