EIA
Battery Storage in the United States: An Update on Market Trends. Release date: July 24, 2023. This battery storage update includes summary data and visualizations on the capacity of large-scale battery storage systems by region and ownership type, battery storage co-located systems, applications served by battery storage, battery storage
US, China lead EY renewables attractiveness index and new BESS ranking
The US leads the new EY ranking of the world''s most attractive markets for battery energy storage system (BESS) investment, aided by a 30% tax credit under the Inflation Reduction Act (IRA). This is unveiled in the latest edition of EY''s Renewable Energy Country Attractiveness Index (RECAI), released today.
U.S. battery storage capacity will increase significantly by 2025
Developers and power plant owners plan to significantly increase utility-scale battery storage capacity in the United States over the next three years, reaching 30.0 gigawatts (GW) by the end of 2025, based on our latest Preliminary Monthly Electric Generator Inventory.
The five largest battery energy storage system (BESS) integrators
The five largest battery energy storage system (BESS) integrators have installed over a quarter of global projects. Mainland China battery storage market has experienced drastic growth since 2022 and is exclusively supplied by local players, leading to Chinese system integrators moving up on the global rankings.
Battery energy storage buildout: 18 GW in ERCOT by the end of 2025?
By the end of 2025, Modo Energy predicts that there could be as much as 18 GW of battery energy storage in ERCOT. This would represent an incredible 239% growth from the current total of 5.3 GW . But, let''s compare this to two
China Dominates the Lithium-ion Battery Supply Chain
BNEF''s inaugural ''Global Lithium-Ion Battery Supply Chain Ranking'' finds that by 2025, China continues to dominate the supply chain while the U.S. and Sweden rise to third and fourth respectively.
Energy-storage cell shipment ranking: Top five dominates still
Energy-storage cell shipment ranking: Top five dominates still. The world shipped 196.7 GWh of energy-storage cells in 2023, with utility-scale and C&I energy storage projects accounting for 168.5 GWh and 28.1 GWh, respectively, according to the Global Lithium-Ion Battery Supply Chain Database of InfoLink.
China targets to cut battery storage costs by 30% by 2025
China has set a target to cut its battery storage costs by 30% by 2025 as part of wider goals to boost the adoption of renewables in the long-term decarbonization plan, according to its 14th Five Year Plan, or FYP, for new energy storage technologies published late March 21.
U.S. battery storage capacity expected to nearly double in 2024
Developers expect to bring more than 300 utility-scale battery storage projects on line in the United States by 2025, and around 50% of the planned capacity installations will be in Texas. The five largest new U.S. battery storage projects that are scheduled to be deployed in California and Texas in 2024 or 2025 are: