The U.S. grid-scale energy storage market segment installed a record 4,733 MWh in the third quarter of 2022, surpassing the previous quarterly high of 4,598 MWh in Q1 of 2021, according to the American Clean Power Association‘s (ACP) and Wood Mackenzie’s latest U.S. Energy Storage Monitor report.
Grid-scale storage deployments relied heavily on California and Texas, which accounted for 96% of total installed capacity this quarter.
“Demand in the grid-scale and residential storage segments continues to increase, despite rising costs and lingering supply chain challenges,” says Vanessa Witte, senior analyst with Wood Mackenzie’s energy storage team. “Installed capacity is expected to more than double next year, driven by new grid-scale project announcements and increased residential and non-residential…