Nearly 12,000MWh of energy storage could be installed in the US during 2021 and the market will continue growing significantly over the next few years, according to research and analysis group Wood Mackenzie Power & Renewables.
Standalone battery energy storage can potentially offer better value to the US electricity system than pairing batteries directly with solar or wind generation, but the pros and cons of each approach vary greatly from project to project.
Energy storage system designer and integrator FlexGen has launched a new service that figures out the feasibility of pre-development projects using the company’s DigitalTwin technology.
At the Energy Storage Summit US, a panel of experts discussed the impact of the ITC on the uptake of co-located assets, but also the challenges of operating within its framework.
A plan proposed by US president Joe Biden to invest US$2 trillion in infrastructure has been praised for “prioritising energy storage and policies that support the industry’s growth”.
The US could see new mines and raw material production “scale up” as demand for battery energy storage systems and grid resilience increases over the next decade, according to Margaret O’Riley, battery, automotive and electrification business recruitment lead for Duke Energy Corporation.
A politically bipartisan effort to introduce investment tax credit (ITC) incentives to support and accelerate the deployment of energy storage in the US could be a “once in a generation opportunity” to protect the future of the earth.
Analysis and research firm IHS Markit has predicted that over 10GW of new energy storage will be deployed during this year, with around half of those additions in the US market.
The US energy storage industry collectively deployed 476MW / 764MWh in a single three-month period between July to September, with analysis firm Wood Mackenzie Power & Renewables describing the record-breaking performance as a “sign of things to come”.
