WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 209
Market Data
Physical Energy Flows
ENERGY IN
THE REGIONS
HOME
Renewables
Batteries storage investments are picking-up, unfortunately not enough for the moment to meet
the net zero scenario requirements
•
Advanced economies and China led power
grid investment, making up 80% of global
spending, with China investment at $80
billion and the $100 billion
•
Investment in advanced economies grew
by 11% in 2023, with the EU spending $60
billion,
•
Concessional 昀椀nancing and public funding
accounted for 80% of grid investment
in EMDE, with many regions, including
Southeast Asia and Africa, facing
challenges due to lack of robust regulatory
frameworks and 昀椀nancial viability of
utilities
FIGURE 16
Battery storage investment by geography (left) and segment (right), 2017-2024e
Billion $ (2023, MER)
60
45
30
United States
2018
2019
China
Source: World Energy Investment 2024
2020
2021
Europe
2022
2023
2024e
OECD Paci昀椀c
2017
Other
2018
2019
2020
Utility Scale
2021
2022
2023
Behind-the-meter
2024e
209
2017
WEMO 2024
15
