The Inflation Reduction Act offers new incentives for energy storage in the U.S., but ongoing supply chain and grid interconnection troubles may prevent a nationwide boom in coming years for the technology, according to a new report.
Published this week by Wood Mackenzie and the American Clean Power Association (ACP), the analysis found that more grid-scale storage came online in the second quarter of 2022 than in any previous April-June period. The residential sector broke all-time records, with more U.S. homes installing energy storage records than in any other quarter, the groups said.
The analysis is proof that the American energy storage industry is “reaching maturity,” said Jason Burwen, vice president of energy storage at the association.
The climate law extended investment tax credits for solar power, which is increasingly paired with storage….