New energy storage projects put into operation

ENERGY STORAGE PROJECTS

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4 FAQs about New energy storage projects put into operation

How many energy storage projects are there in 2024?

According to data from ACP and Wood Mackenzie, in the first quarter of 2024, the installed capacity of utility-scale energy storage in the United States increased by 84%. In the second quarter of 2024, US developers put into operation 33 energy storage projects in 10 states with an installed capacity of 2.9GW.

How many energy storage projects are there in the United States?

The cumulative installed capacity of energy storage in the United States exceeded 20GW and reached 21.6GW. Among them, 18 energy storage projects are supporting the construction of photovoltaic or wind power facilities, and the other 15 are independent energy storage.

Is energy storage expanding?

Jason Grumet, CEO of ACP, said, "While all clean energy technologies are expanding their market share, energy storage is expanding at an astonishing rate. According to data from ACP and Wood Mackenzie, in the first quarter of 2024, the installed capacity of utility-scale energy storage in the United States increased by 84%.

How many energy storage projects are in the pipeline?

In response to rising demand and the challenges renewables have added to grid balancing efforts, the power industry has seen an uptick in energy storage project activity, with more than 4,000 storage projects in the pipeline globally, according to GlobalData. Credit: Thitichaya Yajampa via Shutterstock.