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

The German energy storage market continued to be dominated by the residential segment in 2021 although utility-scale battery revenues grew by nearly six times year-on-year, according to new figures from the national storage association.

Battery storage companies raised US$17 billion in corporate funding in 2021 but have raised US$12.9 billion already this year. 

The global energy storage market will grow to deploy 58GW/178GWh annually by 2030, according to forecasting by BloombergNEF.

The UK energy markets’s appetite for battery energy storage systems has grown and grown.

Energy storage system integrators are diversifying their procurement strategies to ease supply chain constraints.

Analyst Oliver Forsyth from IHS Markit explains exactly how things are changing in BESS system integration.

Guidehouse Insights says that the annual power capacity deployments of battery-based residential energy storage systems (RESS) are expected to grow at a CAGR of 21.3% from 2021 to 2030 globally.

Industry-watchers will closely follow how the recently completed acquisition of energy storage system integrator NEC ES by LG Energy Solution pans out.

Utility-scale battery energy storage system (BESS) installations in the US grew 196% to 2.6GW in 2021 but overall clean power installations fell 3%, according to the latest annual figures from the trade body American Clean Power Association (ACP).