Silicon Valley Bank collapse: availability of capital
Silicon Valley Bank was the 16th-largest commercial bank in the US before its rapid collapse last week. Image: Tony Webster / Flickr. The collapse of Silicon Valley Bank (SVB) has raised questions around the availability of
U.S. Energy Storage Monitor | Wood Mackenzie
We compile this information into this report, which is intended to provide the most comprehensive, timely analysis of energy storage in the U.S. The U.S. Energy Storage Monitor is offered quarterly in two versions– the executive summary
State by State: A Roadmap Through the Current US
The US storage market had a record-setting third quarter of 2023, adding 2,354 megawatts (MW) (or 7,322 megawatt-hours (MWh)) of installed capacity to the grid. It is expected that the US storage market will
Storage | Wisconsin Energy Institute
Energy storage technologies are key to balancing supply and demand and to ensuring a reliable supply of power. But energy storage is also important for clean energy technologies such as wind and solar, where energy output is variable
Global news, analysis and opinion on energy storage innovation
Subscribe to Newsletter Energy-Storage.news meets the Long Duration Energy Storage Council Editor Andy Colthorpe speaks with Long Duration Energy Storage Council director of markets
Climate change challenges U.S. electricity infrastructure
The power grid in the U.S. is aging and already struggling to meet current demand. It faces a future with more people — people who drive more electric cars and heat homes with more electric
6 FAQs about [Us energy storage collapse]
How much energy storage did the US install in 2023?
5 GW: The amount of energy storage installed through November The U.S. installed more storage in 11 months of 2023 than it did in all of 2022, when it broke its annual record for storage additions with 4.1 GW of new capacity. Another 2.4 GW of storage capacity was slated to come online in the last month of 2023.
What was the energy storage industry like in 2023?
2023 was a bumper year for the energy storage sector: the U.S. installed a record 7,322 MWh of storage in Q3, bringing total deployments in the first three quarters to 13,518 MWh — already surpassing the 11,976 MWh deployed in all of 2022.
What is the future of energy storage?
Renewable penetration and state policies supporting energy storage growth Grid-scale storage continues to dominate the US market, with ERCOT and CAISO making up nearly half of all grid-scale installations over the next five years.
What happened in the US power sector last year?
Wind projects stumbled, for instance, and natural gas continued to soar. E&E News dug into data collected by the U.S. Energy Information Administration to get a sense of what happened in the U.S. power sector last year. Here are eight numbers that tell the story. 148 terawatt-hours: The amount of electricity generated by utility scale solar
Will energy storage grow in 2024?
Allison Weis, Global Head of Energy Storage at Wood Mackenzie Another record-breaking year is expected for energy storage in the United States (US), with Wood Mackenzie forecasting 45% growth in 2024 after 100% growth from 2022 to 2023.
Why are annual storage installations growing faster than wind and solar?
Annual storage installations are growing faster than wind and solar as the sector races to keep up with the growing need to balance renewables and support grid resiliency. The storage market is also supported by falling module costs and IRA tax incentives.