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Industries

BNEF raises US energy storage forecast by 30% amid strong solar pairing

BloombergNEF reports rapid growth in US energy storage, driven by hyperscalers and supportive federal policy.

Oct 28, 2026, 2:46 AM By the Genius Eye newsroom (Industries Reporter) · Fact-checkedHow we report
Photo: US Army Corps of Engineers / Public domain, via Wikimedia Commons

BloombergNEF (BNEF) has increased its forecast for US energy storage deployment by 30%, citing a surge in firm orders from hyperscalers for on-site and nearby storage projects, according to Utility Dive.

Energy storage installations in the US have significantly outpaced solar capacity additions in recent years, with the global solar-to-storage ratio dropping from 94:1 in 2016 to 7:1 in 2026, BNEF said.

By the end of 2025, the US had installed 20.7 GW of energy storage capacity paired with 41.3 GW of solar, representing about 30% of total colocated solar-plus-storage capacity globally.

The One Big Beautiful Bill Act, which extended federal tax credits for energy storage through 2035, is expected to support a pipeline of 83.7 GW of storage paired with 149.2 GW of solar, according to BNEF.

Despite trade barriers imposed by the Trump administration, including a 40.9% duty on stationary storage batteries from mainland China, the US market continues to grow, especially in on-site data center storage, projected to reach 4.9 GW this year.

BNEF anticipates the solar-to-storage capacity ratio to stabilize at 4:1 by 2030, with steady annual deployments thereafter as the energy storage industry matures.

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Sources
  1. Utility Dive: BNEF ups US energy storage deployment forecast by 30%
We read public reporting and official data, confirm what we can, and write our own story. See something wrong? Request a correction.

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