January 11, 2024: US battery storage capability is forecast to almost double to greater than 30GW by the tip of this yr in response to newest evaluation by the US Vitality Data Administration (EIA).
Deliberate and operational US utility-scale battery capability amounted to a complete of round 16GW on the finish of 2023, the EIA mentioned in its newest Preliminary Month-to-month Electrical Generator Stock report launched on January 9.
Builders plan so as to add one other 15GW in 2024 and round 9GW in 2025.
US battery storage has been rising since 2021 and will improve by 89% by the tip of 2024 if builders convey the entire power storage methods they’ve deliberate on line by their meant industrial operation dates, the EIA mentioned.
The forecast enlargement of battery storage capability to greater than 30GW by the tip of this yr would exceed that produced by petroleum liquids, geothermal, wooden and wooden waste, or landfill fuel.
California has the biggest put in battery storage capability of any state (7.3GW) adopted by Texas (3.2GW), each largely pushed by the speedy progress of variable photo voltaic and wind energy producing services.
The remaining states have a complete of round of three.5GW of put in battery storage capability.
In a separate report into the power market of the UK, additionally launched on January 9, LCP Delta mentioned modelling exhibits the deployment of 20GW of lengthy period power storage may save the nation’s energy system as much as £24 billion ($30 billion) from 2030 to 2050.
In line with LCP’s evaluation for a UK authorities session, the price financial savings can be the results of investing much less in extra offshore wind capability and as an alternative utilizing LDES.