HKSTP report projects $5T global battery spend over next decade
A strategic study launched at the One Earth Summit outlines an investment surge across energy storage sectors.
Worldwide capital allocated to battery and energy storage systems is set to reach an aggregate of $5 trillion over the coming decade, according to findings in a strategic evaluation released by the Hong Kong Science and Technology Parks Corporation [1]. This projection highlights a significant trajectory for global energy infrastructure and capital requirements across the storage sector.
The organization, led by chief executive Terry Wong, introduced the Battery and Energy Storage Strategic Analysis Report during the One Earth Summit 2026 [1]. The study examines market trajectories for foundational energy infrastructure, highlighting how capital requirements are poised to accelerate globally across the storage sector [1].
Within its regional innovation footprint, HKSTP stated that its hub now hosts more than 250 green technology ventures [1]. The park network aims to position these early-stage and growth firms to capture portions of the forecast storage spending [1].
Questions and answers
What is the projected size of the battery and storage market?
The HKSTP report projects global investment in battery and energy storage technologies will hit $5 trillion over the next decade.
Where was the report presented?
The analysis was published and introduced at the One Earth Summit 2026.
Companies & investors in this story
Sources
- 1.Hong Kong has no gigafactories, but it wants a cut of Asia’s US$5T battery boom — e27, Oct 29, 2026