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As renewables like solar and wind continue to expand, energy storage is growing rapidly to meet demand. In Q2 2024 alone, developers installed 3,011 MW and 10,492 MWh of storage—the second-largest quarterly increase to date! With states like California, Arizona, and Texas leading the charge, the U.S. is on track to deploy 12.8 GW of storage this year. The future of clean energy is bright, and storage is playing a critical role in this transition. 🌱🔋 U.S. installs 3 GW / 10.5 GWh of energy storage in Q2 2024: https://lnkd.in/dAQ6-TZw #EnergyStorage #CleanEnergy #Renewables #USMarket #GreenEnergy

As renewables like solar and wind continue to expand, energy storage is growing rapidly to meet demand. In Q2 2024 alone, developers installed 3,011 MW and 10,492 MWh of storage—the second-largest quarterly increase to date! With states like California, Arizona, and Texas leading the charge, the U.S. is on track to deploy 12.8 GW of storage this year. The future of clean energy is bright, and storage is playing a critical role in this transition. 🌱🔋 U.S. installs 3 GW / 10.5 GWh of energy storage in Q2 2024: https://lnkd.in/dqvYtKFS #EnergyStorage #CleanEnergy #Renewables #USMarket #GreenEnergy

Recently, the U.S. Energy Information Administration (EIA) released its latest report, predicting that U.S. battery energy storage capacity will set a new record for new capacity in 2024. By the end of 2024, U.S. battery energy storage capacity will nearly double, accounting for 10% of new U.S. power generation capacity. At 23% of capacity, it will become the second largest source of new power generation capacity, after solar energy. As of the end of 2023, the existing battery energy storage capacity in the United States is 15.5GW. If developers put the energy storage system into operation as planned, the battery energy storage capacity in the United States will increase by 14.3GW in 2024, reaching a total of more than 30GW. The scale will exceed the generation capacity of petroleum liquids, geothermal, wood and wood waste or landfill gas.

According to the U.S. Energy Storage Market Monitor, the key figures for installed energy storage in the U.S. in Q3 are as follows: 2,354MW/ 7,322MWh added, up 62%/ +47% in power and capacity year-over-year, and +35%/ +20% quarter-over-quarter Average energy storage duration 3.11 hours The front-of-meter market (grid-scale energy storage) remains the main source of new energy storage installations in the U.S., accounting for 91.7%/93.5% of power and 93.5% of capacity respectively Compared to the previous quarterly report, the Q1/Q2 commissioning was adjusted: the Q1 commissioning of 778MW/2145MW was adjusted to 724MW/1894MWh, and the Q2 commissioning of 1,680MW/5597MWh was adjusted to 1,738MW/5,856MWh Total U.S. energy storage commissioned as of 2023Q3 4816MW/15072MWh

The U.S. Energy Information Administration currently predicts renewables will account for 23% of U.S. electricity generation this year, increasing to 25% next year, according to the agency’s latest Short-Term Energy Outlook, released May 7. #biomass https://lnkd.in/gXngc3eH

“U.S. installs 3 GW / 10.5 GWh of #energystorage in Q2 2024” “The United States continues to set quarterly records for energy storage installations across each key market segment, said a report from Wood Mackenzie.” OCTOBER 3, 2024 - RYAN KENNEDY From ESS News “#Energystorageinstallations in the United States continue to grow as the share of #intermittentrenewableenergygeneration from sources like #solar and #wind expands, presenting a need for storing and dispatching electricity for when it is needed most.” “A quarterly report from Wood Mackenzie tackling Q2 2024 showed that across segments, U.S. developers commissioned 3,011 MW and 10,492 MWh of energy storage. It represents the second-largest capacity add in a quarter, and trails only Q4 2023 in total capacity, when 13,437 MWh came online.” “The top markets thus far in 2024 accounted for most of the activity, with California, Arizona, and Texas responsible for 85% of installations. Across all segments, the industry is expected to deploy 12.8 GW/ 36.9 GWh in 2024.” https://lnkd.in/eHzPvxBV? Source- original post Read all my posts #MariusPreston

NEW: The U.S. energy storage market experienced significant growth in the second quarter, with the grid-scale segment leading the way at 2,773 MW and 9,982 MWh deployed. ACP & Wood Mackenzie’s Energy Storage Monitor shows it was the second-highest quarter on record for total installations with California, Arizona, and Texas responsible for 85% of installations. Read more: https://bit.ly/4dswoEm

According to the Federal Energy Regulatory Commission's latest Energy Infrastructure Update through April 2024, solar installations led with 7,899 MW, accounting for 80.5% of new capacity additions, followed by wind at 1,825 MW. Despite this surge in renewables, natural gas still comprises 44% of the U.S. energy mix. FERC's forward-looking projections from May 2024 to April 2027 forecast solar leading capacity additions with 88,195 MW expected, highlighting a shift towards decarbonization as significant retirements of coal and natural gas are also anticipated. For a comprehensive overview of the current state and future projections of U.S. energy infrastructure, read here: https://ow.ly/QooT50Skf7P

According to Wood Mackenzie's latest report, battery energy storage deployments in the United States are skyrocketing! 📈 Through the first quarter of 2024, the US saw a remarkable surge, with deployments reaching 8.7 GW, marking a staggering 90% year-on-year growth! In the fourth quarter of 2023 alone, the nation deployed 4.2 GW, with California and Texas leading the charge, accounting for 77% of the additions. 🌐🔋 Moreover, the US grid-scale storage market set new records, with installations reaching 3,983 MW/11,769 MWh in the same quarter, boasting an average duration of 2.95 hours. This surge reflects a significant shift towards short-duration energy storage to address peak electricity demands and the increasing prevalence of four-hour grid-scale batteries. 🔄💡 Excited to learn more about the future of energy storage in the US? Click the link below for the full article! 🔗https://lnkd.in/dxHG6ufm #ConnectingGreenTalent #Renewables #CleanEnergy #Sustainability

ESAI's #PJM Renewables Watch is a quarterly report covering ongoing developments in clean energy and renewable power and it was released earlier this month. The report provides updates on regulatory and market factors for #solar, #wind, #hydroelectric & storage for most of the Eastern United States. Renewables Watch outlines Class I REC (Renewable Energy Certificates) Price outlooks to 2033 for PJM power generation and transmission systems. Renewables Watch delivers regulatory and market factors that impact the supply and demand balance forecast for Class I RECs and projects the supply and demand balance forecast for the next decade. To learn more about Renewables Watch and to become a client, please visit: https://lnkd.in/ekUfBSiJ PJM Interconnection #energytwitter #renewableenergy #projectfinance #powermarkets