L R AS Published on Tuesday 29 March 2022 - n° 399 - Categories:various USA, miscellaneous storage
The US energy storage market in 2021
The US energy storage market broke records in Q4 2021, installing 1,613 MW / 4,727 MWh, according to Wood Mackenzie and the American Clean Power Association (ACP). The market has suffered supply problems as
2 GW of capacity originally scheduled to come online in the fourth quarter of 2021 has been postponed to 2022 and 2023.
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Annual storage deployments almost tripled year-on-year to 3 GW / 9.2 GWh. An additional 770 MW of capacity could not be brought online in 2021 and is being carried forward to 2021. This will bring the capacity in the first quarter of 2022 to 1.7 GW.
Residential storage had its strongest quarter to date with 123 MW installed. Despite a limited supply of batteries, the segment still managed to install 85% more MWh between the year 2020 and 2021.
Rising raw material costs have led to batteries experiencing the largest price increase of any system component.
By 2027, California is expected to remain the largest residential storage market.
PV Magazine 25 March 2022
