Tracking the energy transition: Where are we now? | McKinsey
After a turbulent year, we measure progress in the deployment of clean energy technologies in China, Europe, and the United States against net-zero targets.
After a turbulent year, we measure progress in the deployment of clean energy technologies in China, Europe, and the United States against net-zero targets.
Despite elevated geopolitical tensions and economic uncertainty, this tenth edition of the IEA''s World Energy Investment shows that capital flows to the energy sector are set to rise in 2025 to USD 3.3
Global energy storage additions are on track to set another record in 2025 with the two largest markets – China and US – overcoming adverse policy shifts and tariff turmoil.
Despite lowering its forecasts due to US-led tariff and policy disruptions, BNEF says 2025 will be a record-breaking year for energy storage.
In tandem, more than 90 percent of new renewable energy projects are cheaper than fossil fuel alternatives, and new renewables generation is now eclipsing total electricity demand growth.
US energy storage set a Q1 record in 2025 with 2 GW added, but looming policy changes could put that growth at serious risk.
Storage economics are shifting from ancillary services toward energy arbitrage and multi-contract models (figure 2), blending energy sales, capacity payments, and hedging instruments to stabilize
Global Investment in Clean Energy Is Outpacing Fossil Fuels For the past 10 years, global spending on clean energy has been higher than investments in fossil fuels. This includes
This growth highlights the importance of battery storage when used with renewable energy, helping to balance supply and demand and improve grid stability. Energy storage systems
Global demand for energy storage is surging. Lithium-ion leads today, but new contenders like sodium-ion, flow, and gravity systems are shaping the future grid.
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