Battery Energy Storage Market Scanning Report​

Which are the most attractive markets for investing in battery energy storage globally? 

Baringa’s inaugural Battery Energy Storage System (BESS) Market Scanning Report sees Germany, CAISO, ERCOT topping our BESS Attractiveness Index. Register for our webinar, and download the report below.

Germany is currently undergoing an unprecedented BESS development boom sparked by high margins available in a volatile wholesale market complemented by opportunities in ancillary services.  

Ranking second, CAISO has some of the most aggressive decarbonisation targets in the US, a glut of solar generation in the middle of the day, and an effective ban on new build gas. With no real options for low carbon capacity in the term aside from storage, we expect deployment to continue at pace. 

ERCOT is already a leading market with 8 GW of storage capacity and the grid operator is projecting a 50 GW increase in peak load by 2030. This load growth together with a rapid solar buildout will drive healthy price spreads in the market and underpin continued deployment of storage.  

Why should you read this report?

As investment in renewable energy accelerates globally, the need for battery energy storage systems (BESS) becomes increasingly critical to enabling system flexibility, grid stability, and reliable decarbonisation. While the role of BESS is expanding rapidly, the investment opportunity is not uniform. Deployment is expected to scale unevenly across geographies, reflecting varying market fundamentals, policy maturity, and commercial models. 

To help investors navigate this evolving landscape, Baringa has developed the Global Battery Attractiveness Index, leveraging our suite of detailed country-level power and flexibility models across 31 markets and four continents. Use this Index for a robust, objective framework to compare the investment attractiveness of battery assets across a diverse set of parameters. 

Our accompanying global Battery Energy Storage Market Scanning Report draws on Baringa’s in-depth market analytics and long-term projections of storage capacity, residual load, and gross margin dynamics, analysing more than 60,000 data points across the global energy system.  

Complete the form to access the redacted report and index.  

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