Carbon Dioxide Energy Storage (CES) Technology Market Report 2026

The carbon dioxide energy storage (ces) technology market size has grown rapidly in recent years. It will grow from $5.13 billion in 2025 to $5.7 billion in 2026 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to growth in renewable energy capacity, early deployment of energy storage pilots, increasing grid balancing requirements, development of compressed gas storage technologies, investments in low-carbon energy systems.

The carbon dioxide energy storage (ces) technology market size is expected to see rapid growth in the next few years. It will grow to $8.64 billion in 2030 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to increasing demand for long-duration energy storage, rising renewable energy intermittency, expansion of smart grid infrastructure, growing investments in carbon-neutral storage technologies, advancements in thermochemical storage systems. Major trends in the forecast period include increasing adoption of co2-based energy storage systems, rising integration with renewable power grids, growing deployment of utility-scale storage projects, expansion of hybrid energy storage configurations, enhanced focus on grid stability solutions.

The increasing adoption of renewable energy sources is expected to drive the growth of the carbon dioxide energy storage (CES) technology market. Renewable energy sources are natural resources that are replenished sustainably, such as sunlight, wind, water, and biomass, and can be harnessed to generate electricity or heat without depleting the Earth's resources. The growth of renewable energy adoption is driven by the global need to reduce greenhouse gas emissions, combat climate change, and transition toward cleaner energy systems. Carbon dioxide energy storage technology supports renewable energy by enabling efficient storage and utilization of excess energy, stabilizing supply, reducing emissions, and enhancing overall grid reliability. For instance, in December 2024, according to Eurostat, renewable energy accounted for 24.5% of energy consumed in the EU in 2023, up from 23% in 2022. The increasing adoption of renewable energy is therefore a key driver of the CES technology market.

Companies in the CES technology market are focusing on long-duration energy storage solutions to enhance grid reliability and support renewable energy integration. Long-duration electrical energy storage systems can store large amounts of electricity and discharge it reliably over extended periods - from several hours to days - balancing supply and demand. In January 2025, National Thermal Power Corporation Limited (NTPC) in India launched a state-of-the-art CO₂ battery energy storage project at its Kudgi Super Thermal Power Station in Karnataka. Designed for long-duration, grid-scale storage, the system has an energy capacity of 160 MWh and a lifespan exceeding 25 years. The CO₂ battery uses a closed Brayton thermodynamic cycle with anhydrous CO₂, requires no critical minerals like lithium or cobalt, delivers 100% depth of discharge, and shows minimal performance degradation compared with conventional batteries. The project was executed by NTPC Research and Technology (NETRA), in collaboration with Triveni Turbine Limited and Italy-based Energy Dome, which provided the CO₂ battery technology.

In October 2023, MAN Energy Solutions SE, a Germany-based engineering company, partnered with Energy Dome to develop and deploy CO₂ battery long-duration energy storage technology. The collaboration combines MAN’s turbomachinery expertise with Energy Dome’s CO₂ battery technology to accelerate scalable, long-duration grid energy storage solutions.

Major companies operating in the carbon dioxide energy storage (ces) technology market are Climeworks AG, Carbon Engineering Ltd, Global Thermostat LLC, Carbon Recycling International Inc, Aker Carbon Capture ASA, Svante Inc, LanzaTech Inc, Carbon Clean Solutions Ltd, Deep Sky Climate Inc, Greenlyte Carbon Technologies GmbH, Dioxide Materials Inc, Carbfix ehf, Real Carbon Technology, Calix Limited, CarbonCure Technologies Inc, Blue Planet Ltd, Carbon Upcycling Technologies Ltd, C2CNT LLC, Dioxycle Inc, Heirloom Carbon Technologies Inc.

North America was the largest region in the carbon dioxide energy storage (CES) technology market in 2025. The regions covered in the carbon dioxide energy storage (ces) technology market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the carbon dioxide energy storage (ces) technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The carbon dioxide energy storage (CES) technology market consists of revenues earned by entities by providing services such as carbon capture services, carbon dioxide compression and transportation, carbon dioxide storage solutions, energy management and monitoring services, and direct air capture (DAC) solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The carbon dioxide energy storage (CES) technology market also includes sales of carbon dioxide compression and storage systems, carbon dioxide-to-fuel conversion units, carbon utilization catalysts, energy storage modules, electrochemical carbon dioxide reduction cells, and membrane separation systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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