L R AS Published on Sunday 24 September 2023 - n° 458 - Categories:the American PV, storage, storage area
Storage in the United States in 2023
According to the EIA, newly added energy storage capacity with batteries exceeding 1 MW in the United States rose to 3.3 GW in the first seven months of 2023, an impressive increase.
91% year-on-year. In July, the year-on-year increase was 282%, and 46% over June.
Installations in 2023 are expected to reach 9.6 GW (up 133% on 2022). In 2024, 12.3 GW of energy storage is expected to be installed, representing an increase of 28% on 2023.
The Inflation Reduction Act introduces additional tax credits for energy storage systems that meet specific locationThe Inflation Reduction Act introduces additional tax credits for energy storage systems that meet specific requirements in terms of location, synergy between energy storage technology and clean energy sources. This law is driving substantial growth, driven by market forces and political incentives. Recognising the central role of the energy storage sector in the localised development of new energy technologies, the US federal government has strengthened the competitiveness of this technology.
https://www.energytrend.com/research/20230920-37703.html
EnergyTrend 20 September 2023
