The US battery storage market is struggling to adapt to rising raw materials costs and has reached a “crisis point”.

A total of 1,613MW/4,727MWh of energy storage was installed in the US in the last quarter of 2021 according to Wood Mackenzie, which says annual residential storage installations will hit 2GW by 2026.

Battery storage will be a valuable asset for enhancing and upgrading the electric transmission and distribution (T&D) system of California.

KORE Power, a company building a lithium-ion gigafactory in Arizona, has launched a full service storage integrator division with the acquisition of an existing provider.

A newly-announced battery gigafactory in the US from startup SPARKZ will make batteries suitable for grid storage and will be built in the heart of Appalachian coal county in West Virginia. 

Dominion Energy Virginia has received approval to expand its portfolio of solar and energy storage.

Canadian Solar shipped just under 900MWh of battery storage in 2021 but expects to double that figure this year. 

Lithium iron phosphate (LFP) will be the dominant battery chemistry over nickel manganese cobalt (NMC) by 2028, in a global market of demand exceeding 3,000GWh by 2030.

Li-Cycle has seen its revenues rise although the cost of expansion to meet expected future demand remains high.