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Via ESN: " US sees 84% year-on-year rise in Q1 energy storage deployments, three states dominant: The US energy storage industry saw its highest-ever first-quarter deployment figures in 2024, with 1,265MW/3,152MWh of additions. " #EnergyStorage #Energy #BatteryStorage

The U.S. energy storage market set a new record in Q1 2024, with an 84% year-over-year increase in installations, according to a report by American Clean Power Association (ACP) and Wood Mackenzie. The report highlighted several key developments: 🔋 Utility-Scale Storage Growth. Installations more than doubled, increasing by 101% to reach 993 MW, primarily driven by Texas, California, and Nevada, which collectively accounted for 90% of the total. 🔋 Residential installations grew by 48% from Q1 2023, achieving a record 252 MW installed in a single quarter, influenced by California's NEM 3.0 net billing tariff. 🔋 Total energy storage installations are projected to reach 12.9 GW in 2024, a 44% increase from 2023. However, growth is expected to slow in 2025 and 2026 due to challenges in permitting, siting, and interconnection queue timelines. A resurgence is anticipated in 2027 and 2028, with total installations projected to hit 75 GW for the 2024-2028 period. 🔋 The CCI segment saw a 43% decline in installations year-over-year, facing complexities in load shapes, business cases, and state policy shifts. Despite this, longer-term growth is anticipated due to its strong value proposition. 🔋 California remains a significant market, with transitions from the NEM 2.0 to the NEM 3.0 tariff driving growth in both residential and CCI segments.

Transmission and DERs are Better Together! #Transmission and #DERs are on nearly opposite ends of the electricity spectrum, but have the potential to be essential partners in achieving our #CleanEnergy goals. A new analysis authored by Strategen for Advanced Energy United, “Better Together: The Benefits of Coordination in the Development of Transmission and Distributed Energy Resources,” highlights the opportunity for coordination between large-scale transmission systems and distributed energy resources, like rooftop solar and electric vehicles. This analysis delves into how these resources can be planned and work together to maximize efficiency and resilience. Learn more here: https://lnkd.in/gQYUKd9r

“Our energy storage revolution is here, and it couldn’t come at a more pivotal moment as we move from a grid powered by dirty fossil fuels to one powered by clean energy.” - Governor Gavin Newsom 🔋🙌California has surpassed 10GW of energy storage, which meant that batteries became the single largest contributor of power during a brief period. This is an important milestone in the state’s push to reach its clean energy and net zero goals. https://hubs.li/Q02yf3Pz0 #PoweringTheEnergyTransformation #communitysolar #commercialsolar #asset-acquisition

U.S. energy storage capacity installations jumped 84% year-over-year in Q1 2024, marking the highest storage capacity installed in the United States in a first quarter, according to a June 18 report from the American Clean Power Association (ACP) and Wood Mackenzie. The latest edition of the U.S. Energy Storage Monitor saw utility-scale storage installations increasing 101% from Q1 2023 to reach 993 megawatts, with Texas, California and Nevada accounting for 90% of the U.S. total, while residential installations increased 48% from Q1 2023 to reach 252 megawatts, the most ever installed in the U.S. in a single quarter. But installations in the community, commercial and industrial segment, or CCI, dropped 43% year-over-year due to slowing activity in New York and Massachusetts, the report said. “We’re still seeing really strong growth [that is] largely following the renewables buildout” in the southwestern United States, but the community, commercial and industrial market has taken longer to develop than anticipated, Wood Mackenzie Global Head of Storage Allison Weis said.

🚀 US Energy Storage Industry Hits Record Q1 in 2024! 🌞 The Q1 2024 has set a new record for energy storage deployments in the US, with a massive 1,265MW/3,152MWh added across all segments. This marks an 84% rise in MW and an 89% increase in MWh from Q1 2023, as per the latest US Energy Storage Monitor report by Wood Mackenzie and ACP. 📈 Nevada led the charge in grid-scale deployments, largely thanks to the Gemini project, featuring solar-plus-storage. Meanwhile, Texas and California are in a tight race for top storage state, with substantial growth noted across both. 🔋🌍 Despite a strong start in 2024, challenges like interconnection delays and permitting are expected to affect future project timelines. However, price declines in grid-scale BESS and new domestic content guidelines promise a continued upward trend. 📊 Let's keep our eyes on this dynamic market as it moves towards what could be the US's first year of double-digit gigawatt installations! 💡🔌 #EnergyStorage #RenewableEnergy #Sustainability #Innovation #WoodMackenzie #ACP

🔋 The future of Renewable Energy is in Battery Energy Storage Systems, Here's why: ⛅ The sun isn't always shining: BESS play a crucial role in integrating renewables into the grid by providing grid stability. They address the intermittency challenge by storing excess renewable energy during periods of low demand and dispatching it during peaks, ensuring a reliable power supply. 📈 The global market for Battery Energy Storage Systems is projected to grow significantly, expanding from current installed capacities to over 1,000 gigawatt-hours (GWh) by 2030. This growth is driven by increased renewable energy penetration and declining battery costs. 🗺️ BESS have diverse applications beyond grid stability, including frequency regulation, demand response, and energy arbitrage. Innovative business models, such as energy-as-a-service and revenue stacking, are emerging to optimize the financial returns from BESS investments. #RenewableEnergy #BatteryStorage #EnergyIntegration #Sustainability

U.S. energy storage capacity installations jumped 84% year-over-year in Q1 2024, marking the highest storage capacity installed in the United States in a first quarter, according to a June 18 report from the American Clean Power Association (ACP) and Wood Mackenzie. The latest edition of the U.S. Energy Storage Monitor saw utility-scale storage installations increasing 101% from Q1 2023 to reach 993 MW, with State of Texas, State of California and State of Nevada accounting for 90% of the U.S. total, while residential installations increased 48% from Q1 2023 to reach 252 MW, the most ever installed in the U.S. in a single quarter. But installations in the community, commercial and industrial segment, or CCI, dropped 43% year-over-year due to slowing activity in The State of New York and Commonwealth of Massachusetts, the report said. “We’re still seeing really strong growth [that is] largely following the renewables buildout” in the southwestern United States, but the community, commercial and industrial market has taken longer to develop than anticipated, Wood Mackenzie Global Head of Storage Allison Weis said.

Planners should no longer think of #transmission and distributed energy resources (DERs) as separate parts of the #energy planning process. A new report authored by Strategen for Advanced Energy United explores key ways that transmission and #DERs can complement each other by: ⚡ Maximizing grid efficiency 🔌 Facilitating renewables integration 🔋 Enhancing grid reliability and resilience By planning these elements together, we can ensure that DERs and transmission infrastructure complement one another, providing flexible, resilient, and clean energy for all. Read more: https://hubs.ly/Q02Qvk040

The European energy storage market is rapidly expanding, with 1,502 projects across 33 countries representing 62 GW of capacity, led by the UK. Utilities and developers are taking a more prominent role, while investment funds reduce activity outside the UK. Key trends include increased M&A activity, a focus on standalone storage projects, and rising ambitions to meet renewable integration challenge #Aranca # Energy Storage #Energy Transition https://lnkd.in/dRgZv2Hy