03/17/2023

Report: growth of U.S. energy storage market not slowing down

"Energy storage is on a rapid growth curve and is already a key component of building a resilient grid that supports abundant clean energy,” said John Hensley, American Clean Power Association (ACP) Vice President of Research & Analytics.

Official Press Release ACP:

U.S. Energy Storage Market Continues to Expand Rapidly

Wind Industry Profile of

The U.S. energy storage market installed a record 4.8 GW in 2022, with installations expected to reach almost 75 GW between 2023 to 2027 / Projects across all segments faced continued delays, however residential and non-residential segments both increased quarter-over-quarter while grid-scale fell 26% from Q3, falling short of historically record-producing Q4 volumes

Across all segments of the industry, the U.S. energy storage market installed 4.8 gigawatts (GW) of capacity in 2022, nearly equal to the combined 2020 and 2021 installed capacity of 5 GW, becoming a record year for battery storage. “Energy storage had its best year yet in 2022. Cumulative operating utility-scale storage capacity increased by 80%. While we saw a slight dip in installations toward... ... More: Official Press Release ACP