In the US, energy storage capacity could grow by 89% in 2024

In the US, energy storage capacity could grow by 89% in 2024

Katerina Belousova

Due to supply chain issues, large-scale projects can be delayed by up to 6 months

In the United States, the capacity of energy storage systems could increase by 89%, or 15 GW, in 2024.

This will happen if all projects are commissioned as planned, Reuters reports.

According to the US Energy Information Administration (EIA), in 2023, the capacity of storage systems reached 16 GW. It is planned to increase to 30 GW by 2024.

"The large amount of existing and planned solar and wind capacity in California and Texas is causing a growing need for storage," the article says.

The two states currently have 7.3 GW (California) and 3.2 GW (Texas) of installed energy storage capacity, it said. About 4.46 GW of such capacity is expected to be available in Texas by July 2024.

The article emphasized that due to problems with the supply chain in large-scale projects, the terms of their implementation can be delayed by almost six months.

Earlier, Ecopolitic wrote, that according to BloombergNEF, the decade of development of energy storage systems is beginning in the USA and China. In the US, by 2030, for every 25 GW of solar energy, 50 GW of grid storage is expected.

As EcoPolitic previously reported, according to the US government, in 2024, solar generation will produce more than 318 billion kWh of electricity, and hydropower – 284 billion kWh. This will be the first year that annual solar generation exceeds hydropower.

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