February 14, 2025: Investment in the low-carbon energy transition including battery storage grew 11% last year to hit a record $2.1 trillion, according to latest analysis.

BloombergNEF said in its ‘Energy Transition Investment Trends 2025’ study, published on January 30, investment in proven technologies such as energy storage, EVs and renewables accounted for the vast majority of investment — $1.93 trillion, up 15% on the previous year.

However, the study said the pace of overall growth was slower than the previous three years.

The largest market for investment was mainland China, which alone accounted for $818 billions of investment, up 20% from 2023.

Investment was stagnant in the US, reaching $338 billion, and down in the EU ($381 billion) and UK ($65.3 billion). 

Of the large markets included in the report, India and Canada also added to overall global growth, increasing their investments by 13% and 19%, respectively.