In 2024, Turkey’s battery sector has surged, with investments surpassing $1 billion, reflecting the nation’s commitment to becoming a global leader in energy storage and production. Under the ambitious HIT-30 investment program, Turkey aims to achieve an 80-gigawatt-hour battery storage capacity by 2030, positioning itself as a regional powerhouse for battery technology.
The sector’s growth is driven by a blend of incentives and regulations that are fueling a boom in production. Turkey is home to two major cell production facilities and nearly 100 lithium-ion battery factories, which are vital players in this expanding industry. Notably, new plants capable of producing up to 5 gigawatt-hours will be established across key cities like Ankara, Istanbul, Izmir, and Kocaeli, taking the number of battery production sites in the country to 11.
The investments, paired with Turkey’s increasing focus on renewable energy integration and battery recycling, are pushing the industry forward. Despite challenges in finalizing the legal framework for battery and storage power plants, Turkey anticipates significant progress next year with the first regulatory approvals.
Turkey’s battery imports remain stable at $1.1 billion, but its export figures are rising, projected to reach $48 million by the year’s end, up from $39 million. With growing international interest, highlighted by a summit featuring global players, Turkey’s competitive edge in the global battery market is strengthening.
Looking ahead, Turkey is set to see more domestic and international partnerships, further cementing its potential for energy independence and its growing role in the global energy landscape.
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