US gridscale energy storage installations hit new quarterly record ...

Grid-scale energy storage installations in the US reached a new record in Q2 2023, according to a report by Wood Mackenzie and the American Clean Power Association. The segment experienced 172% quarter-over-quarter growth, surpassing the previous record set in Q4 2021. California accounted for 49% of the installed capacity. Meanwhile, community, commercial, and industrial installations were higher than any quarter in 2022 but 53% lower than the previous quarter. Residential storage recorded its second-straight quarter of declines. Wood Mackenzie expects the grid-scale segment to be the main driver of the market in its five-year forecast.

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Frequently Asked Questions

Q1: What was the quarterly record for US grid-scale energy storage installations in Q2 2023?

A1: The US battery energy storage market added 5,597 megawatt hours (MWh) in the second quarter of 2023, setting a new quarterly record. Source

Q2: Did US grid-scale energy storage installations decrease in Q1 2023?

A2: Yes, grid-scale energy storage installations in the US recorded a second-straight quarterly decline in Q1 2023, falling 33% below Q1 2022. Source

Q3: When did the US energy storage market set a new record in the first quarter?

A3: The US energy storage market set a new record in the first quarter of 2022, with grid-scale installations totaling 2,399 MWh. Source

Q4: What was the reason for the decline in US grid-scale energy storage installations in Q1 2023?

A4: The decline in US grid-scale energy storage installations in Q1 2023 was attributed to supply chain issues and interconnection queue challenges. Source

Q5: How much grid-scale energy storage was installed in Q3 2022?

A5: The utility-scale energy storage market installed 4,733 MWh in Q3 2022, surpassing the previous quarterly high set in Q1 2021. Source

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