March 21, 2024: US power storage capability will almost double by 2023 as builders join 7.9GW to the grid, in accordance with the newest knowledge from the American Clean Power Association.
Solar and storage led the cost because the trade added a complete of almost 34GW of recent utility-scale clear power initiatives to the grid, surpassing the earlier annual set up file of 12.5% set by 2021, the ACP stated on March 7 in his Clean Power Annual Market Report*.
Battery storage has proven near-exponential development by almost doubling put in capability with almost 8GW put in. This brings the entire operational capability to 17GW, in accordance with the report.
California and Texas accounted for almost three-quarters of the yr’s storage additions, however a complete of 15 states added new storage capability by 2023.
The fast development of storage is supported by a brand new tax credit score for standalone storage, the event of solar energy, the quantity of storage supplied throughout peak demand and intervals of grid stress and a discount in costs for key battery supplies.
Solar, wind, and storage account for 77% of all new electrical energy capability put in.
ACP chief govt Jason Grumet stated 2023 was a banner yr for storage and photo voltaic.
“But regardless of these achievements, we have to take much more steps to realize our shared power safety and net-zero objectives.”
Journal of Energy Storage It was reported in October that Fluence Energy unveiled the newest iteration of its Gridstack BESS, which may use one of many firm’s new US-only content material battery packs — eligible for federal funding tax credit.
Last November, renewables firm Arevon Energy stated it had secured a financing deal together with $191 million in US tax credit for a solar-BESS challenge in California.
* The report is out there in full on-line. Graphic courtesy ACP
