Energy Storage Market Units Q1 File with 2,399 MWh Grid-Scale Installations

The newest U.S. Energy Storage Monitor report from Wood Mackenzie, a Verisk enterprise, and the American Clean Power Association (ACP) reveals the U.S. energy storage market set a brand new report within the first quarter of 2022, with grid-scale installations totaling 2,399 MWh, the best capability for Q1 on report. The quantity of U.S. grid-scale installations was 4 instances the quantity seen in Q1 of final yr, regardless of continued procurement difficulties and challenge delays.

“Quarter one of 2022 was the largest first quarter on record by far for grid-scale installations, a notable milestone since installations are typically back-weighted to the second half of the year,” says Vanessa Witte, senior analyst with Wood Mackenzie’s energy storage crew. “The West Coast and Southwest regions continue to dominate for both standalone and hybrid systems.”

Despite important progress, near-term dangers stay for the grid-scale market. Market disruption from the anti-dumping and countervailing duties (AD/CVD) solar tariff investigation initiated by the Department of Commerce in March lowered projections for hybrid tasks considerably in 2022, and to a lesser extent in 2023, as procurement stalled.

“The Biden Administration’s recent decision to pause AD/CVD solar tariffs for two years restores predictability to both the solar and energy storage markets,” states John Hensley, vp of analysis and analytics at ACP. “With well over 50% of utility storage projects being paired with solar farms, this important executive action will help the energy storage market continue to accelerate.”

Residential storage additionally had its strongest quarter so far with 334 MWh put in in Q1, beating the earlier quarterly report of 283 MWh in This fall of final yr.

“Despite challenging supply conditions continuing to suppress residential storage, the segment saw over 20,000 installations in a single quarter for the first time and we’re seeing large and small installers forge new vendor partnerships to help meet rising customer demand,” feedback Chloe Holden, analyst with Wood Mackenzie.

By 2026, the residential storage phase is forecasted to develop by 5.7 GWh yearly, with California’s Net Energy Metering (NEM) 3.0 anticipated to align with the California Public Utilities Commission’s December 2021 proposed choice with implementation now on a delayed timeline.

Non-residential storage is predicted to develop 1 GW yearly by 2026, however the total market forecast has been downgraded due partially to AD/CVD-related procurement delays. “A meaningful share of residential solar-plus-storage projects not yet procured are being pushed to 2023, which has impacted paired storage,” Holden provides.

Overall, the U.S. energy storage market added 955 MW and a pair of,875 MWh throughout all segments within the first quarter of 2022.

“California continues to dominate the sector, with the Valley Center and Slate projects taking the top two spots for largest projects installed in Q1,” Witte concludes. “We also saw more than 90 MW of storage come online outside the top seven states, including projects in Oregon and Alaska.”

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