TechFlow news, According to TechFlow Research, Goldman Sachs' July 16 energy storage report pointed out that electricity demand for data centers is surging, traditional power grid expansion requires four to eight years, energy storage has become the fastest solution with a deployment cycle of 12 to 18 months. Goldman Sachs estimates that by 2030, behind-the-meter energy storage opportunities in the U.S. will bring an increment of approximately 50GWh, combined with 11GWh from 800V DC data centers, total U.S. energy storage deployment will reach 172GWh, significantly upwardly revised from the previous 112GWh. Globally, annual energy storage installation capacity is expected to reach 2100GWh by 2040.
Goldman Sachs believes energy storage is transitioning from renewable energy supporting equipment to an essential requirement for AI infrastructure, which will change the industry's valuation logic. In terms of targets, FLNC (Buy) secured the qualification as Nvidia DSX Vera Rubin's exclusive battery partner, data center pipeline projects reached 12GW, a 30% sequential increase; CATL (Buy) has a global energy storage market share of approximately 30%, already used in the Shanghai SenseTime data center; Tesla (Neutral) energy storage deployment in 2025 is 46.7GWh, energy business expected revenue in 2028 is $29 billion; Energy Vault (Neutral) received a 6x EV/EBITDA valuation; LGES (Buy) North America ESS capacity is expected to reach 50GWh by the end of 2026. Canadian Solar, Ford, Samsung SDI, Shoals, and Sungrow are also worth watching. Goldman Sachs emphasized the need to distinguish between targets supported by real orders and those merely related to the theme.
