Global battery storage operations 2024

Stationary energy storage is a growing industry that comes with significant operational complexity and risk, especially with most assets only having a handful of years in operation. It’s necessary to understand the full scope of technical and financial risks associated with storage operations to achieve safe, scalable and cost-effective deployment of energy storage systems. This annual report explores the current market landscape of energy storage operations, asset-level operations costs by size and region, equipment failure risk, performance downside risk, contracting best practices and technological innovation. The findings highlight key operational uncertainties, risk mitigation strategies and broader strategic insights for asset owners.