Breakdown of global electrochemical energy storage projects 2022 by technology

Lithium-ion batteries dominated the global electrochemical energy storage sector in 2022. They accounted for 95 percent of the total battery projects, while the individual share of other technologies was smaller than three. The popularity of lithium-ion batteries is due to their efficiency and their low productions costs. The use of flow batteries is expected to increase in the next few years, penetrating the commercial electricity market.