US energy storage deployment surges in Q3

Wood Mackenzie says that grid-scale energy storage deployment rose by 37% on a quarterly basis in the third quarter.
Large field with batteries
Image: Powin

From pv magazine USA

The recent surge in energy storage installations in the United States is seen in the residential and grid-scale sectors, while the commercial and industrial segment posted a slight decline quarter on quarter, according to a recent Wood Mackenzie and American Clean Power Association (ACP) report.

“Energy storage deployment is growing dramatically, proving that it will be essential to our future energy mix,” said Frank Macchiarola, ACP chief policy officer. “This industry will serve as the backbone of our modern grid. As we continue to build a strong domestic supply chain, streamlined permitting and evolving market rules can further accelerate the deployment of storage resources.”

The grid-scale sector’s 2023 forecast increased just slightly due to strong third-quarter volume, however, the remainder of the forecast lowered by 7% on average. The sector faced multiple challenges, which caused volatility in the market and hindered project completion, according to Witte.

 

“Grid-scale declines were more focused on challenges not only with supply and permitting, but also with the backlog of applications in most ISOs interconnection queues that are preventing projects to move through the development process,” said Witte.

To continue reading, please visit our pv magazine USA website.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].

Written by

Comments

United States energy storage release rises in Q3 – TOP DAILY NEWS
Dec 18, 2023

[…] » …Learn more […]

Christian Eidsmoe
Dec 15, 2023

That’s the reason I have been holding off for so long to get a home PV system- the large expensive and low capacity Lithium storage like Tesla and others. When I can get a 10-12 Kwh SOLID STATE battery array for a decent price AND a switchover switch so I can use my PV system when the grid is down, I will finally get PV for our home. until then, the answer is an absolute “NO”.
five days scrambling to keep a generator fueled and managed after a hurricane, a couple of times, will make that pretty crystal clear why. My neighbors and family, friends feel the same way.