[{"data":1,"prerenderedAt":777},["ShallowReactive",2],{"story-article/battery-demand-surpasses-1twh-in-the-first-seven-months-of-the-year":3,"ticker-data":243},{"id":4,"uuid":5,"name":6,"slug":7,"full_slug":8,"content":9,"relatedArticles":241,"relatedVideos":242},210456952310545,"78debed7-8fb8-4250-a26d-77bbc322c760","Battery demand surpasses 1TWh in the first seven months of the year","battery-demand-surpasses-1twh-in-the-first-seven-months-of-the-year","article/battery-demand-surpasses-1twh-in-the-first-seven-months-of-the-year",{"_uid":10,"date":11,"tags":12,"editor":25,"content":35,"excerpt":201,"featured":202,"reporter":203,"component":214,"seo_title":215,"categories":216,"visibility":229,"data_vis_image":230,"featured_image":235,"seo_description":45,"side_panel_banner":87,"formattedDate":239,"formattedArticleDate":240},"fa98dc16-c212-46f6-ad9a-a7321700bb63","2026-08-18 00:00",[13,16,19,22],{"slug":14,"name":15},"china","China",{"slug":17,"name":18},"north-america","North America",{"slug":20,"name":21},"europe","Europe",{"slug":23,"name":24},"data-visualisation","Data Visualisation",[26],{"slug":27,"name":28,"content":29},"matthew-bird","Matthew Bird",{"job_title":30,"image":31,"bio":33,"linkedin":34},"Senior Editor - Supply Chains & Data Visualisation",{"filename":32},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":36,"attrs":37,"content":39},"doc",{"backgroundColor":38},null,[40,52,77,89,97,118,124,134,169,177,185,193],{"type":41,"attrs":42,"content":43},"paragraph",{"textAlign":38},[44],{"text":45,"type":46,"marks":47},"Battery demand from January to July 2026 has now surpassed 1TWh, equivalent to the total demand of 2023, Benchmark’s data shows.","text",[48],{"type":49,"attrs":50},"textStyle",{"color":51},"#000000",{"type":41,"attrs":53,"content":54},{"textAlign":38},[55,60,72],{"text":56,"type":46,"marks":57},"“While ",[58],{"type":49,"attrs":59},{"color":51},{"text":61,"type":46,"marks":62},"EV demand",[63,70],{"type":64,"attrs":65},"link",{"href":66,"uuid":67,"anchor":38,"target":68,"linktype":69},"/article/global-ev-sales-reach-1-85-million-units-in-july-2026","df926f63-3f32-47b2-87b9-811cbdf7acc8","_self","story",{"type":49,"attrs":71},{"color":51},{"text":73,"type":46,"marks":74}," continues to dominate, BESS continues to take a growing share of battery demand, increasing to 21% in the opening months of 2026,” said Iola Hughes, head of research at Benchmark.",[75],{"type":49,"attrs":76},{"color":51},{"type":78,"attrs":79},"blok",{"id":80,"body":81},"bba7ee9c-9ebd-4f69-a460-00dc1e69e51c",[82],{"id":83,"_uid":84,"type":85,"component":86,"fixed_height":87,"use_fixed_height":88,"fixed_height_mobile":87,"fixed_height_tablet":87},"29997099","i-1f5e12ca-2d1f-497e-96e8-73fee55b369e","visualisation","ContentFlourish","",false,{"type":41,"attrs":90,"content":91},{"textAlign":38},[92],{"text":93,"type":46,"marks":94},"In the EV market, battery demand has increased by 18% YTD, compared to an increase of just 4% for unit sales. The larger relative increase in battery demand is a result of larger battery pack sizes, a greater share of BEVs and regional shifts in market share.",[95],{"type":49,"attrs":96},{"color":51},{"type":41,"attrs":98,"content":99},{"textAlign":38},[100,105,113],{"text":101,"type":46,"marks":102},"In the BESS market, demand increased by 30% YTD, though growth across regions has been mixed. ",[103],{"type":49,"attrs":104},{"color":51},{"text":15,"type":46,"marks":106},[107,111],{"type":64,"attrs":108},{"href":109,"uuid":110,"anchor":38,"target":68,"linktype":69},"/publications/briefings/china-briefings/benchmark-china-briefing-july-2026","d7718047-4ac6-4efa-bed5-9c1e29ddb2f0",{"type":49,"attrs":112},{"color":51},{"text":114,"type":46,"marks":115},", historically the strongest driver of demand is down 10% YTD, though this has been largely offset by growth elsewhere. China has fallen significantly from 60% of 2025 BESS demand, to 37% of 2026 demand so far.",[116],{"type":49,"attrs":117},{"color":51},{"type":78,"attrs":119},{"id":80,"body":120},[121],{"id":122,"_uid":123,"type":85,"component":86,"fixed_height":87,"use_fixed_height":88,"fixed_height_mobile":87,"fixed_height_tablet":87},"30000560","i-4b665184-153a-43e6-8b1f-145765d115ad",{"type":125,"attrs":126,"content":128},"heading",{"level":127,"textAlign":38},2,[129],{"text":130,"type":46,"marks":131},"What are the regional trends?",[132],{"type":49,"attrs":133},{"color":51},{"type":41,"attrs":135,"content":136},{"textAlign":38},[137,142,151,156,164],{"text":138,"type":46,"marks":139},"While overall battery demand has increased 21%, the growth across different regions is stark, with China +6% and ",[140],{"type":49,"attrs":141},{"color":51},{"text":143,"type":46,"marks":144},"North America -4%",[145,149],{"type":64,"attrs":146},{"href":147,"uuid":148,"anchor":38,"target":68,"linktype":69},"/article/is-the-us-clawing-back-its-ev-sales-share-","d92304a5-ccdb-4410-89e5-421b026cf502",{"type":49,"attrs":150},{"color":51},{"text":152,"type":46,"marks":153},", the majority of growth has been concentrated in ",[154],{"type":49,"attrs":155},{"color":51},{"text":21,"type":46,"marks":157},[158,162],{"type":64,"attrs":159},{"href":160,"uuid":161,"anchor":38,"target":68,"linktype":69},"/article/eu-electrification-action-plan-targets-46-electrification-by-2040-and-bess-buildout","8a8d2332-ede8-4bee-8fc2-54a47c7e6967",{"type":49,"attrs":163},{"color":51},{"text":165,"type":46,"marks":166}," +37% and ROW +78%.",[167],{"type":49,"attrs":168},{"color":51},{"type":41,"attrs":170,"content":171},{"textAlign":38},[172],{"text":173,"type":46,"marks":174},"China’s share of end use battery demand has also fallen below 50% for the first time, though Chinese exports of cells, BESS containers and EVs means the market continues to grow its overall presence. LFP share has also increased as a result, reaching 60% YTD, compared to 57% in the same period of 2025, a significant trend given China’s limited growth compared to other regions.",[175],{"type":49,"attrs":176},{"color":51},{"type":125,"attrs":178,"content":179},{"level":127,"textAlign":38},[180],{"text":181,"type":46,"marks":182},"How does battery demand compare to battery supply?",[183],{"type":49,"attrs":184},{"color":51},{"type":41,"attrs":186,"content":187},{"textAlign":38},[188],{"text":189,"type":46,"marks":190},"Cell supply continues to outpace end use demand, with over 1.3TWh of cells produced in H1 2026, a y-o-y increase of 56%, relative to the 18% growth for end use demand.",[191],{"type":49,"attrs":192},{"color":51},{"type":41,"attrs":194,"content":195},{"textAlign":38},[196],{"text":197,"type":46,"marks":198},"The relationship between EV and BESS cell supply has undergone a more significant pivot than on the demand side. BESS accounted for 35% of cell supply, considering the incremental additional cells produced in H1 2026 compared to H1 2025, BESS represented 48% of it.",[199],{"type":49,"attrs":200},{"color":51},"Battery demand from January to July 2026 has now surpassed 1TWh, equivalent to the total demand of 2023, Benchmark’s data shows.\n\n“While EV demand continues to dominate, BESS continues to take a growing share of battery demand, increasing to 21% in the opening months of 2026,” said Iola Hughes, head of research at Benchmark.",true,[204],{"slug":205,"name":206,"content":207},"iola-hughes","Iola Hughes",{"job_title":208,"image":209,"bio":211,"linkedin":212,"markets_covered":213},"Head of Research",{"filename":210},"https://a.storyblok.com/f/287943243085208/852x854/03382be015/iola-h.png","Iola was Head of Research at Rho Motion prior to the acquisition, and now leads the downstream research for the Benchmark. She has six years of experience in the battery space and works across electric vehicle, battery, and energy storage markets. Previous experience includes a research position with a Servomex working on paramagnetic sensors and spectroscopy gas analysis. Iola graduated with a First-Class Honours Master’s Degree in Geophysics from University College London","https://www.linkedin.com/in/iolahughes/","Battery, BESS, EV and Battery","article","Battery demand surpasses 1TWh in first seven months of the year",[217,220,223,226],{"slug":218,"name":219},"batteries","Batteries",{"slug":221,"name":222},"ev","EV",{"slug":224,"name":225},"ess","ESS",{"slug":227,"name":228},"portables","Portables","private",{"id":231,"alt":87,"name":87,"focus":87,"title":87,"source":87,"filename":232,"copyright":87,"fieldtype":233,"meta_data":234,"is_external_url":88},210458237037248,"https://a.storyblok.com/f/287943243085208/1588x1890/cd540df55b/battery-demand-markets-2x.png","asset",{},{"id":236,"alt":87,"name":87,"focus":87,"title":87,"source":87,"filename":237,"copyright":87,"fieldtype":233,"meta_data":238,"is_external_url":88},210457307220643,"https://a.storyblok.com/f/287943243085208/5120x2880/4ac80d6a29/batteries.jpeg",{},"Aug 18, 2026","18th August 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