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.

Enough money invested in long-duration energy storage technologies and projects over the past three years to result in 57GW of deployments.

Germany’s early lead among Europe’s battery storage adopters is gone, but some see change coming on the horizon, Cameron Murray writes.

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

Some 5GWh of utility-scale battery energy storage was deployed in the first half of 2022, up one third while wind and solar fell 50-70%, according to American Clean Power (ACP).

In the first half of this year, energy storage companies raised almost as much corporate funding as in the whole of 2021.

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.