According to the Q3 2025 US Energy Storage Monitor from Wood Mackenzie Power & Renewables and the American Clean Power Association (ACP), annual installations will not reach 2025 levels again until 2029.
“Australia is one of the leading countries for grid-forming inverters,” said Natalie Thompson, senior analyst of energy storage and solar at Wood Mackenzie, when discussing the Australian energy storage market.
New analysis from Clean Energy Associates (CEA) and Wood Mackenzie highlights the challenges facing the US battery storage market due to trade tariffs.
According to the Q1 2025 US Energy Storage Monitor from Wood Mackenzie Power & Renewables and the American Clean Power Association (ACP), energy storage installations surpassed 12GW in 2024.
The Solar Energy Industries Association (SEIA) has released a whitepaper recommending the US deploy 10 million distributed solar installations and reach 700GWh of installed storage capacity by 2030.
Research firm Wood Mackenzie has found that daily price volatility from renewables on Australia’s National Electricity Market (NEM) supports a stronger battery revenue outlook.