2024-04-27

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10/02/2023

Posted by: Windfair Editors

U.S. energy storage market sets new record in Q2

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“The energy storage market is on pace for a record year, as utilities and larger power users increasingly turn to storage to enhance the grid and improve reliability,” said ACP VP of Research and Analytics, John Hensley.

Official Press Release ACP:

NEW REPORT: U.S. Grid-Scale Energy Storage Installations Set New Record in Q2 2023

Wind Industry Profile of

Grid-scale leads with 5,109 MWh; CCI and residential segments decline

Across all segments of the industry, the U.S. energy storage market added 5,597 megawatt hours (MWh) in the second quarter of 2023, a new quarterly record. The grid-scale segment led the way with a record-breaking 5,109 MWh in Q2, beating the previous record in Q4 2021 by 5%, according to a new report released today. According to Wood Mackenzie and the American Clean Power Association’s (ACP) latest U.S. Energy Storage Monitor report, the grid-scale segment drove the market and achieved 172% growth quarter-over-quarter. California dominated activity, with 738 megawatts (MW) and a 49% share of... ... More: Official Press Release ACP