Solar + Storage has grown to become the dominant and lowest cost power supply option in many countries of the world – hence why we call it the ‘engine room’ of the energy transition.
597GW
of new solar capacity was installed globally in 20241
55%
year-on-year growth in new BESS installations added 69 GW of power capacity and 169 GWh of energy capacity2
The combination of solar PV with battery storage can create a potent power supply option, especially from a cost and time of day perspective, and is becoming recognised as one of the most flexible and portable technology combinations available today. Quinbrook is a genuine pioneer in Solar + Storage Solutions, commencing back in 2019, the development of the largest Solar + Storage project in US history (Project Gemini), which broke records for sheer scale and innovative project financing.
Storage is also emerging as the backbone of a resilient power system. As renewables continue to increase their share of power supply capacity, the need for battery energy storage systems (BESS), pumped hydro and other storage solutions becomes ever more critical in ensuring grid stability.
Battery storage now plays a central role in decarbonising the power sector the world over and offers an increasingly cost-competitive means of providing reliable, firm, rapid response during peak demand times and maximising the contribution of renewables in the modern power grid.
