forecasts

Image: Wood Mackenzie Power & Renewables.

US installed almost as much battery storage in 2022 as previous two years combined

March 15, 2023
The US energy storage sector deployed 4.8GW in 2022, close to the combined amount installed in 2020 and 2021.
Battery storage makes up 17%, and solar PV 54% of planned additions to the US grid's generation fleet in 2023. Image: US EIA

EIA: US battery storage deployments expected to double during 2023

February 8, 2023
The US’ installed base of large-scale battery storage systems is expected to double in megawatt terms during 2023.
DNV

US sets another record for quarterly energy storage installation figures

December 19, 2022
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.
Average lithium battery pack prices, with the US$100/kWh threshold forecast for 2026 on far right hand side. Image: Solar Media with BloombergNEF data.

Lithium battery pack prices go up for first time since BloombergNEF began annual survey

December 6, 2022
Lithium-ion battery pack prices have gone up 7% in 2022, marking the first price rise since BloombergNEF began its surveys in 2010.
rhode island

Energy storage a bright spot for US clean energy as wind, solar deployments fall

November 3, 2022
US solar, wind installs lowest in three years, with only battery storage deployments growing among the three main clean energy technologies.
Reported and projected cumulative global installations by region. with 'RoW' representing the 'Rest of the World' and 'Buffer' markets and use cases for which there is low visibility, BloombergNEF noted. Image: BloombergNEF

US, EU policies prompt BloombergNEF to upgrade global energy storage deployment forecasts

October 14, 2022
Recent policy developments in the US and European Union represent a considerable uplift to prospects for global energy storage deployment.
An industrial battery storage system being installed in Ontario, Canada. Image: Sungrid.

Ontario targets 2,500MW energy storage procurements to help meet growing electricity demand

October 10, 2022
The government of Ontario, Canada, has ordered the procurement of at least 1,500MW and up to 2,500MW of energy storage.
Part of the inland Salton Sea in California's prospective 'Lithium Valley'. Image: Imperial County Board.

Bridging the gap between battery supply and energy storage demand

October 6, 2022
The mismatch between supply and demand for lithium batteries presents a challenge to the global transition to sustainable energy.
BloombergNEF energy storage analyst Helen Kou at IBESA's workshop at RE+ 2022. Image: Andy Colthorpe / Solar Media

Supply chain issues constraining US energy storage industry growth, says BloombergNEF

September 20, 2022
Supply chain constraints impacting the energy storage industry have come at a “critical” stage for the sector’s development, a BloombergNEF analyst has said.
Image: Wood Mackenzie Power & Renewables.

US deployed record 2.6GWh of grid-scale storage in Q2, Wood Mackenzie says

September 15, 2022
The US market is on course to reach 13.5GWh of energy storage installations during 2022, according to Wood Mackenzie Power & Renewables.

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