U.S. Battery-Storage Market Revs Up with Summer Kickoffs

Researched by Industrial Info Resources (Sugar Land, Texas)--Demand for energy-storage capacity is not slowing down in the U.S., where utility-scale battery-storage capacity is expected to reach 30 gigawatts (GW) by the end of 2025, via 20.8 GW of additions, according to the U.S. Energy Information Administration (EIA).

Industrial Info is tracking nearly $6 billion worth of active battery energy-storage system (BESS) projects set to begin construction across the U.S. in the third quarter of 2023, with unit additions at existing power-generation facilities accounting for nearly half of the total investment value. The California Independent System Operator (CISO) accounts for nearly half of the existing U.S. battery-storage capacity. Although California trails Arizona, Texas and Nevada in third-quarter BESS kickoffs, it is expected to see preliminary work begin on two major expansions.

Other companies featured: Consolidated Edison Incorporated (NYSE:ED), Origis Energy, Broad Reach Power LLC and Berkshire Hathaway Incorporated (NYSE:BRK.A).