Energy Storage Fever | T&D World

The U.S. Energy Information Administration reported 35% growth in grid scale battery energy storage installations between 2019 and 2020 with power capacity totaling 1,650 MW by year-end. The market took off from there, boasting a seemingly unbeatable growth spurt of 3,500 MW of grid scale storage in 2021. Activity has been more sporadic this year, but some believe we are on the brink of a very robust countrywide energy storage rush if all the stars align. Obviously, a significant boost is expected from the billions of dollars Congress has appropriated under the Energy Act of 2020, the Infrastructure Investment and Jobs Act, and the Inflation Reduction Act. Each of these laws have provisions for advancing existing and new energy storage technologies directly or for improving grid reliability and resiliency with an emphasis on renewable energy, which will indirectly promote…

Read more…