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

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

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

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

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

The vitality storage market is on tempo for a file 12 months, 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 almost double annual installations regardless of provide chain challenges and interconnection delays, and can proceed to develop rapidly in coming years.

Neighborhood, industrial, and industrial (CCI) installations, at 107 MWh, had been larger 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 phase 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 largest decline, reducing 17% quarter-over-quarter and 37% year-over-year.

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

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

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

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

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