U.S. Energy Storage Surges in Q2 2023 Led by California; 130 GW National Capacity Forecast by 2030

U.S. energy storage installations hit record 5,597 MWh in Q2 2023, led by grid-scale additions. California dominated with 738 MW.
Installations nearly doubled from Q1 as delayed projects came online after supply chain issues.
Grid-scale storage to drive 83% of installations through 2027 as utilities and power users adopt storage.
U.S. battery capacity forecast to exceed 130 GW by 2030 due to renewable expansion under Inflation Reduction Act.
Global battery storage installations seen soaring by 2030 as well, per Rystad Energy.

oilprice.com

Relevant topic timeline:

9/22/2023

Biden Administration Invests $325 Million in Long-Duration Battery Projects to Store Renewable Energy

The US Energy Department is investing $325 million in new battery technologies to enable the storage of solar and wind energy for extended periods, providing 24-hour power and increasing reliability and affordability.

9/25/2023

US Battery Storage Market Sets New Quarterly Record, Driven by Growth in Grid-Scale Projects

The US battery energy storage market set a new quarterly record by adding 5,597 megawatt hours (MWh) in Q2 2023, driven by significant growth in the grid-scale segment, which accounted for 5,109 MWh and is projected to be the main driver of the market in the next five years, according to Wood Mackenzie and the American Clean Power Association (ACP).