A new report from Wood Mackenzie identifies five key trends that will define the energy storage industry in 2026, including supply chain restructuring and the rise of non-lithium batteries. Image: Wikimedia Commons, Qurren From pv magazine USAThe Energy Storage Market Outlook (ESMO) is a quarterly publication produced by the Solar Energy Industries Association and Benchmark Mineral Intelligence. ESMO draws on Benchmark's proprietary grid and behind the meter data on U. 7% by 2034, nearly seven times its current value. The top trends in energy storage are: AI Integration – Falling battery pack prices. This article was written by Nelson Nsitem, Senior Associate, Energy Storage, and Yayoi Sekine, Head of Energy Storage, BloombergNEF. Despite policy changes and uncertainty. The Energy Storage Market Report is Segmented by Technology (Batteries, Pumped-Storage Hydroelectricity, Thermal Energy Storage, Compressed Air Energy Storage, Liquid Air/Cryogenic Storage, Flywheel Energy Storage, and More), Connectivity (On-Grid and Off-Grid), Application (Grid-Scale Utility. Installations passed 100 GW for the first time – a milestone achieved even as some of the largest energy markets grappled with significant policy shifts. China, for instance, removed the mandate to install storage with new renewables.