US grid-scale power storage installations soared in Q2 2023

The US battery power storage market added 5,597 megawatt hours (MWh) within the second quarter of 2023, a brand new quarterly report.

The grid-scale section of the business drove the market with a record-breaking 5,109 MWh in Q2, beating the earlier report in This autumn 2021 by 5%, in accordance with Wooden Mackenzie and the American Clear Energy Affiliation’s (ACP) newest US Power Storage Monitor report.

The grid-scale section achieved 172% progress quarter-over-quarter. California was No. 1 amongst states with essentially the most grid-scale power storage installations, with 738 MW and a 49% share of put in capability.

Wooden Mackenzie initiatives the grid-scale section to be the principle driver of the market in its five-year forecast from 2023-27, accounting for 83% of complete installations, or 55 gigawatts (GW).

ACP’s VP of analysis and analytics, John Hensley, mentioned:

The power storage market is on tempo for a report yr, as utilities and bigger energy customers more and more flip to storage to boost the grid and enhance reliability.

The market is on tempo to just about double annual installations regardless of provide chain challenges and interconnection delays, and can proceed to develop shortly in coming years.

Group, industrial, and industrial (CCI) installations, at 107 MWh, had been increased than any quarter in 2022 however couldn’t hold tempo with the massive spike in Q1 installations, leading to a 53% quarterly decline. Nevertheless, the section remains to be up 25% year-over-year.

Residential storage noticed its second-straight quarter of decline at 381.2 MWh, behind Q1’s 388.2 MWh. California noticed the most important decline, lowering 17% quarter-over-quarter and 37% year-over-year.

Vanessa Witte, senior analyst with Wooden Mackenzie’s power storage workforce, mentioned, “We nonetheless undertaking robust progress for the residential section in our five-year outlook, reaching a complete of 8 GW in 2027. Nevertheless, the CCI section continues to fail to fulfill progress projections and now we have downgraded its five-year progress forecast by 28% to three GW.”

On Friday, the US Division of Power (DOE) introduced as much as $325 million for 15 initiatives throughout 17 states and one tribal nation to speed up the event of long-duration power storage (LDES) applied sciences. The DOE has set a goal to scale back the price of LDES by 90% by 2030.

Learn extra: Volvo goes to show used EV batteries into new battery storage

Photograph: Jupiter Energy; Graphs: US Power Storage Monitor Q3 2023 | American Clear Energy Affiliation, Wooden Mackenzie

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