February 27, 2024

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Solar Magazine – America Installs Record Amount of Batteries

Solar Magazine – America Installs Record Amount of Batteries

The US installed a record amount of batteries in the third quarter of 2023: 7,322 MWh. Wood Mackenzie and the American Clean Power Association (ACP) report this in the US Energy Storage Monitor.

The total amount of batteries installed in the first 3 quarters of 2023 – 13,518 MWh – is more than that installed in 2022, which is 11,976 MWh in the entire calendar year. The 'grid-scale' segment grew rapidly in the third quarter of last year to reach 6,848 MWh.

“The use of energy storage is growing tremendously and is proving to be essential to our future energy mix,” said Frank Macchiarola, ACP's chief policy officer. “With another record quarter, it's clear that energy storage is increasingly the leading technology of choice to improve reliability and America's energy security. This industry will serve as the backbone of our modern power grid. As we continue to build a strong domestic supply chain, streamlined permitting and evolving market regulations will drive the deployment of storage resources.” Can also be accelerated.

“The Q3 installation record would have been even higher had about 80 percent of pipeline projects not been postponed to a later date in the third quarter,” notes Vanessa Witte, senior research analyst at the Energy Conservation Group. In Wood Mackenzie.

The residential segment has recovered from the lows in the second quarter. Consumers installed batteries with a capacity of 166.7 MW and a storage capacity of 381.4 MWh.

The largest increase occurred in California, where installed capacity nearly doubled QoQ to 78.4 MW. All other states combined have installed 88.31 MW, slightly lower than 89.53 MW in the previous quarter.

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63 GW
According to WoodMackenzie, about 63 GW of battery power is expected to be installed in the US energy storage market between 2023 and 2027.

The residential segment is expected to double between 2023 and 2025, but growth will slow during the forecast period as solar penetration increases in California. In other states, solar incentive programs and rebates will be the biggest predictors of growth, according to the researchers, even as the market faces an economic downturn.