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 in Q2 2023, adding 5,597 MWh.
Grid-scale storage drove growth, hitting 5,109 MWh and growing 172% from last quarter. California led with 738 MW.
Wood Mackenzie forecasts grid-scale storage to account for 83% of installations from 2023-2027.
Community, commercial, and industrial storage declined 53% from last quarter but grew 25% annually.
Residential storage declined for the second straight quarter but is still projected for strong growth through 2027.

electrek.co

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The US energy storage market is on track for a record year in 2023, with developers adding a record-breaking 5,597 MWh of energy storage installations in the second quarter, according to a report by Wood Mackenzie and the American Clean Power Association. Grid-scale energy storage installations, led by California, saw a surge of 172% compared to the previous quarter, contributing to the market's expected growth in the coming years.

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Posted 9/25/2023, 4:00:00 AM