The US energy storage sector deployed 4.8GW in 2022, close to the combined amount installed in 2020 and 2021.

The number of people in the US working in battery storage continued to grow in 2021, adding nearly 3,000 jobs from the previous year.

Battery storage is leading provider of frequency control ancillary services (FCAS) in the National Electricity Market.

The global energy storage market will grow to deploy 58GW/178GWh annually by 2030, according to forecasting by BloombergNEF.

The UK energy markets’s appetite for battery energy storage systems has grown and grown.

Andy Lycett, Sungrow’s country manager for the UK and Ireland, on the trends that might shape the industry in the years to come. 

From 10GW of battery storage expected to be deployed in the US over the next two years, more than 60% will be installed with solar PV.

The US is likely to install record setting amounts of battery storage this year, demonstrating the acceptance the technology has found in the power sector and as an integral part of the clean energy transition. 

The cost of battery energy storage in the US fell by 72% between 2015 and 2019 and utilities in the country are set to bring 10,000MW of new grid-connected capacity online in the next two years. 

Despite the fall in unit prices for energy storage, a total of US$3.6 billion of investment was committed to energy storage projects in 2020, around the same amount as in 2019.