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.

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.

US solar, wind installs lowest in three years, with only battery storage deployments growing among the three main clean energy technologies.

Recent policy developments in the US and European Union represent a considerable uplift to prospects for global energy storage deployment.