The American energy storage market established a new record in 2024 with 12.3 GW of installations in all segments, according to the latest “US Energy Storage Monitor“Report released by the American Clean Power Association (ACP) and Wood Mackenzie. The report shows a total of 12,314 MW and 37.143 MWh, which represents an increase of 33% and 34% respectively over 2023 figures.
Terwijl de implementaties op het gebied van energieopslag van de roosterschaal op de roosterschaal met 20% daalden in vergelijking met Q4 2023, was dit voornamelijk te wijten aan de vertraging van 2 GW aan projecten in de ontwikkeling van het late stadium van Q4 2024 tot 2025. Texas en Californië blijven de markt leiden, met 61% van de totale geïnstalleerde capaciteit in Q4, terwijl de resterende 39% was installed on the location of 13 states, the operations of the storage of the leading market. It is predicted that storage installations will reach 13.3 GW in 2025.
“After another year of record entry, energy storage solidifies its place as a leading solution for strengthening American energy security and grid reliability in a time of historical rising demand for electricity,” said ACP VP of energy storage Noah Roberts. “The energy storage industry is quickly scaled to meet the moment and to deliver reliability and cost savings for American communities, to play a crucial role and to disturb and to balance cheap renewable energy sources and to improve the efficiency of thermal power plants.”
The residential storage market exceeded 1,250 MW in 2024, which was the highest year on record and 57% above 2023 totals. A record -breaking 380 MW of residential storage was installed in Q4 2024, an increase of 6% compared to the previous quarter. In the meantime, 145 MW of the community scale, commercial and industrial (CCI) storage was installed in 2024, an increase of 22% compared to the previous year. California, Massachusetts and New York accounted for 88% of the installed CCI capacity.
Predicted installations for 2025 increased by 7% compared to the prediction of the past quarter. All segments are expected to install 15 GW storage this year, which marks an increase of 25% compared to 2024.
Credit: e-storage and UBS Asset Management
“The activity has been strong and our prediction for this year is extensive,” says Allison Feeney, research analyst at Wood Mackenzie. “Because of policy security, however, growth will probably slow down this year and in the following years. Growth will go back to the end of the decade, with a projected 81 GW total installations from 2025 to 2029.”
Allison Weis, worldwide head of the storage of Wood Mackenzie, noted that the uncertainties surrounding the continuation of the current tax stimuli and the implementation of rates can change the long -term prospects.
“It is still too early to determine the final form of IRA tax stimuli in the coming year,” said Allison Weis, head of storage for Wood Mackenzie worldwide. “The combination of new rates for China and other countries with constant 45x and domestic content bonusadder stimuli would make established systems competitive in the US, however, many domestic providers are not set up to meet the rapid demand. If higher prices are combined with ITC taxes that are portrayed in 2028, can be the fifth-year-old-laid-out as the losses of the Fifth-year-olds were canceled as the Fifth-year-olds were canceled as the Lasts Lostenlagen.”
News item from Wood Mackenzie