The US energy storage industry enjoyed another quarter of record growth in Q2 2023, with 1,680MW/5,597MWh of new installations tracked by Wood Mackenzie.
Enfinite has brought online two more battery assets in a nine-project portfolio in Alberta, Canada, while Elemental Energy has commenced operation of a large-scale vanadium flow battery system.
Prices of lithium and the battery supply chain for energy storage systems are becoming manageable once again, but lead times for transformers and other equipment have greatly extended.
Positive engagement with authorities having jurisdiction (AHJs) is vital for success in the US battery storage industry, with a few essential points to always bear in mind.
The energy storage market in Italy doubled in capacity in the first half of the year, though Q2 saw the first slowdown in nine quarters and that could be repeated in H2, according to the country’s renewable energy trade body.
When it comes to realising the benefits of Inflation Reduction Act (IRA) incentives, the US energy storage industry has barely scratched the surface of what’s possible, according to FlexGen’s Yann Brandt.
India’s government has approved a tender scheme to support the development and construction of battery energy storage system (BESS) assets for delivery by 2030-2031.