The United States’ residential energy storage market set an all-time quarterly growth record, with 346 MW of residential storage installed in the third quarter of 2024. This is a 63% increase over the previous quarter.
The growth was led by California, Arizona, and North Carolina. They installed 56%, 73%, and 100% more residential storage in quarter three than in quarter two respectively – despite residential battery supply shortages.
These figures come from the latest edition of the US Energy Storage Monitor. The report was released by Wood Mackenzie and the American Clean Power Association (ACP).
The United States’ grid-scale energy storage market has also set a new growth record, with 3.4 GW and 9.1 GWh of capacity deployed in the third quarter of 2024. These figures represent an 84% and 58% increase compared to last year’s statistics.
Read the full article on pv magazine’s ESS News
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Please get this straight! You deploy energy storage, you don’t deploy power. Therefore, you might deploy 1 GWh (a unit of energy), not 1 GW (a unit of power). That 1 GWh of energy can be released as power in little streams of power or, typically but not necessarily, is a maximum stream of power of one quarter of the energy stored (ex: 1 GWh of lithium-ion battery-stored electricity can maximally be deployed as 250 MW of power). Thanks for trying to internalize this and report accurately going forward.