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.

The government of Ontario, Canada, has ordered the procurement of at least 1,500MW and up to 2,500MW of energy storage.

The mismatch between supply and demand for lithium batteries presents a challenge to the global transition to sustainable energy.

Supply chain constraints impacting the energy storage industry have come at a “critical” stage for the sector’s development, a BloombergNEF analyst has said.

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

India’s government has added an Energy Storage Obligation alongside its Renewable Purchase Obligation for the first time.

There could be nearly 13GW of energy storage on the grid in New York by 2052, according to the state’s grid operator NYISO.

US energy storage industry is going strong despite delays due to supply chain issues, interconnection queue waiting times and other factors.

Demand for batteries in India will rise to between 106GWh and 260GWh by 2030 across sectors including transport, consumer electronics and stationary energy storage, with the country racing to build up a localised value chain.