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.

Tags: ,
Related
The share of coal in the EU’s electricity generation has reached a record low — Eurostat
The share of coal in the EU’s electricity generation has reached a record low — Eurostat

The share of coal fell below 10% for the first time back in 2024

Global water crisis: rivers in Ukraine and the EU have reached record low levels, whilst reservoirs in the US are drying up
Global water crisis: rivers in Ukraine and the EU have reached record low levels, whilst reservoirs in the US are drying up

This is already posing a threat to the energy sector, logistics and the preservation of ecosystems

Wildfires are ravaging the EU and the US. France has called in Ukrainian rescue workers
Wildfires are ravaging the EU and the US. France has called in Ukrainian rescue workers

In total, more than 300,000 people have been evacuated across Europe

The world’s largest offshore substation, with an annual capacity of over 6 TWh, has come into operation in China
The world’s largest offshore substation, with an annual capacity of over 6 TWh, has come into operation in China

Its operation will reduce emissions by more than 5 million tonnes of carbon each year