Activity in the UK battery energy storage system (BESS) market continues to grow substantially year-on-year despite numerous headwinds, as detailed in this H1 recap from our Market Research colleagues.
The operating capacity of battery storage in the US grew by 7.9GW last year, bringing the country’s total cumulative installed base to 17GW by the end of 2023.
Research firm Wood Mackenzie has downgraded its forecasts for US demand for energy storage in 2022 and 2023 by around one-third, in its most recent global outlook report.
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).
Battery storage capacity in the US more than tripled to 4,631GW in 2021 and increasingly broadened out of ancillary services, according to the Energy Information Administration (EIA).
