(Reuters) - The U.S. grid-scale energy storage installations hit a new record in the second quarter of 2023, a report by Wood Mackenzie and the American Clean Power Association (ACP) said.
Grid-scale energy storage is essential in helping balance and regulate energy supply in a grid that is increasingly reliant on intermittent wind and solar power.
Across all segments of the industry, the U.S. energy storage market added 5,597 megawatt hours (MWh) in the second quarter this year, a new quarterly record.
"We saw a huge bounce back in Q2 after consecutive quarterly declines in the market," said Vanessa Witte, senior analyst with Wood Mackenzie’s energy storage team.
Meanwhile, community, commercial, and industrial (CCI) installations were at 107 MWh in the second quarter, according to the report.
Persons:
Wood Mackenzie, John Hensley, Vanessa Witte, Wood, Ashitha, Eileen Soreng
Organizations:
Reuters, American Clean Power Association, Research
Locations:
U.S, California, Bengaluru