The global Long Duration Energy Storage (LDES) Market size was estimated at USD 4,840 million in 2024 and is projected to reach USD 12,328.2 million in 2031 at a CAGR of 14.29 % during the forecast period 2025-2031.
Long Duration Energy Storage (LDES) refers to energy storage systems capable of discharging power over extended periods, typically from 8 hours to several days. Unlike traditional batteries, which are designed for short-duration storage, LDES technologies are aimed at addressing the challenges of storing renewable energy at large scales. They help mitigate intermittency issues associated with renewable sources like wind and solar, providing a reliable backup when the generation of electricity is low or demand spikes. LDES includes technologies such as pumped hydro storage, compressed air energy storage, and advanced flow batteries, offering a broad spectrum of solutions to the energy storage landscape.
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The scope of the LDES market has expanded as the global push for decarbonization and renewable energy integration grows. Governments, utilities, and private companies are investing in these technologies to reduce reliance on fossil fuels and to facilitate the transition to a sustainable energy grid.
Recent Developments
- In March 2023, Sumitomo Electric Industries, Ltd. (Japan) introduced sEMSA, a cloud-based energy management solution for grid storage batteries. The system optimizes charging and discharge schedules to enhance profitability while supporting applications like supply-demand balancing and power trading. It consists of sEMSA servers dedicated to plan optimization and terminal units for on-site battery control.
- In May 2024, ESS Tech, Inc. (US) and Burbank Water and Power (US) celebrated the launch of BWP's first long-duration energy storage (LDES) system—a 75 kW/500 kWh ESS Energy Warehouse iron flow battery. Installed at BWP’s EcoCampus and connected to a 265-kW solar array, the system powers around 300 homes, contributing to a decarbonized grid through iron flow technology.
- In January 2024, Energy Vault Holdings, Inc. (US) signed a licensing and royalty agreement with Gravitricity (UK) and a South African consortium for the deployment of its patented gravity energy storage technology and the VaultOS platform in the SADC region. The consortium, which includes WBHO, iX Engineers, and Sizana Solutions, will focus on storage projects across utilities, mining, industrial applications, and microgrids.
Prominent Players
· Sumitomo Electric Industries, Ltd.
· ESS Tech, Inc.
· Eos Energy Enterprises
· Invinity Energy Systems
· Energy Vault, Inc.
· MAN Energy Solutions
· Highview Power
· Primus Power
· CMBlu Energy AG
· Malta Inc.
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North America to Dominate the Market
Europe is expected to experience the highest compound annual growth rate (CAGR) in the energy storage market during the forecast period. This growth is driven by ambitious renewable energy targets, robust government policies, and the ongoing modernization of power grids across the region. Energy storage systems are vital for managing the intermittency of renewable energy sources and ensuring grid stability. The rising demand for energy, along with the increasing shift toward decentralized energy systems, has led to greater investments in utility-scale energy storage technologies.
The Long Duration Energy Storage (LDES) Market Segmentation:
Based on Duration
· 8 to 24 Hours
· 24 to 36 Hours
· 36 Hours
Based on Capacity
· Up to 50 MW
· 10−25 MW
· 25−50 MW
Based on Application
· Grid Management
· Power Backup
· Peak Demand Management
· Load Shift
Based on End User
· Utilities
· Industrial
· Chemical
· Agriculture
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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Frequently Asked Questions
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