After coming down last year, the cost of containerised BESS solutions for US-based buyers will come down a further 18% in 2024, Clean Energy Associates (CEA) said.

The US energy storage industry’s upward growth trajectory has seen another record-breaking quarter, with 2,354MW and 7,322MWh of deployments in Q3 2023, according to Wood Mackenzie.

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.

The Indian government has published a framework for promoting the use of energy storage aimed at enabling dispatchable renewable energy, more reliable grids, and economic development.

Energy storage-related highlights and insights across different scales, applications and technologies at this year’s ees Europe show.

Germany’s installed based of large-scale energy storage predicted to roughly double in the next couple of years, after 2022 saw a comeback.

The US energy storage sector deployed 4.8GW in 2022, close to the combined amount installed in 2020 and 2021.

The US’ installed base of large-scale battery storage systems is expected to double in megawatt terms during 2023.

The US industry deployed more than 5GWh of energy storage in the third quarter of 2022, close to half the entire amount of storage installed in the country in 2021.

Lithium-ion battery pack prices have gone up 7% in 2022, marking the first price rise since BloombergNEF began its surveys in 2010.