Each quarter Wood Mackenzie and the American Clean Power Association (ACP) gather data on U.S. energy storage deployments, prices, policies, regulations, and business models. We compile this information to create the most comprehensive, timely analysis of energy storage in the U.S.
Let’s take a look at some of the highlights from the latest report.
The US energy storage market set a new record in the second quarter of 2022, with grid-scale installations totaling 2,608 megawatt hours (MWh) – the highest installed capacity for any Q2 on record.
The US Congress passed a solar investment tax credit (ITC) extension and standalone storage ITC as part of the Inflation Reduction Act. This critical piece of legislation will support all segments of the energy storage industry, increasing the deployment of solar-plus-storage systems while also incentivizing standalone facilities. As a result, Wood Mackenzie forecasts 59.2 GW of energy storage capacity to be added through 2026.
Download the full executive summary to access:
- National aggregate of deployments, by market segment
- Front-of-the-meter policy developments nationwide
- Behind-the-meter policy developments nationwide
- Historical and projected market size