The nation’s power storage sector linked 95% extra storage to the grid when it comes to energy capability in 2023 than the 4GW ACP reported as having been introduced on-line in 2022 in its earlier Annual Market Report.
In additional exact phrases, and with megawatt-hour numbers included, there have been 7,881MW of latest storage installations and 20,609MWh of latest storage capability deployed within the 12 months.
The cumulative output and capability of battery storage put in within the US have reached 17,027MW and 45,588MWh, respectively. That meant an 86% improve in cumulative put in capability in megawatts (energy) and a rise of 83% in cumulative put in capability in megawatt-hours (power).
Second successive report 12 months
In the meantime, the levelised value of a 4-hour period battery power storage facility collaborating in power markets within the US was discovered to be in a variety between US$126 – US$177/MWh. In 2015, the levelised value of such a battery power storage system (BESS) would have been between US$347 and US$739/MWh, albeit not many programs of that period have been being put in within the US 9 years in the past.
The typical levelised value of a solar-plus-storage set up was US$81/MWh to US$153/MWh. In an article for Power-Storage.information Premium, revealed final week, numerous business figures commented on the falling costs of BESS and the affect they may have.
As reported by our colleagues over at PV Tech final week, ACP’s report additionally highlighted that 2023 was a giant 12 months for renewable power, with 33.8GW of latest installations, 20GW of which was photo voltaic PV. Wind and photo voltaic PV, in truth, accounted for 77% of latest utility-scale energy additions, far outpacing pure gasoline, of which 8,999MW – or 20% of the entire – was deployed final 12 months.
One difficult facet of photo voltaic PV growth nevertheless is the continuation of delays to new initiatives, with utility-scale photo voltaic accounting for 70% of the greater than 60GW of unpolluted energy capability that had been delayed as of the top of 2023. Of that determine, 38GW have been initiatives that missed unique COD deadlines throughout final 12 months with the remainder held over from earlier years.
Battery storage was not immune from delays, nevertheless it was the least affected of the three applied sciences, accounting for simply 12% of the delayed whole. That is maybe on account of photo voltaic PV additionally being subjected over the past couple of years to worldwide commerce points over the import of modules from overseas, primarily China.
In all, it was a second successive report 12 months for the US battery storage business, with 2022 seeing an 80% improve in megawatts and a 93% improve in megawatt-hours in cumulative installations from 2021, ACP mentioned.
ACP CEO Jason Grummet mentioned 2023 had been a “banner 12 months” for photo voltaic and for power storage, additionally noting the expansion in clear power manufacturing funding that the US has loved because the passing of the Inflation Discount Act (IRA).
Whereas solely two producers within the nascent battery storage manufacturing sector provided modules or packs to the business in 2023, ACP expects to see 20 new amenities come on-line by 2030.
Most of these will assist battery cell in addition to module manufacturing, the commerce group mentioned. In August final 12 months, ACP mentioned that there had already been US$270 billion funding dedicated to wash power in downstream initiatives and manufacturing because the IRA’s passing.
Power-Storage.information’ writer Photo voltaic Media will host the sixth Power Storage Summit USA this week, 19-20 March 2024 in Austin, Texas. That includes a packed programme of panels, displays and hearth chats from business leaders specializing in accelerating the marketplace for power storage throughout the nation. For extra info, go to the web site.