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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. grid-scale energy-storage market reached a quarterly record for added capacity during the third quarter, with installations totaling 2,158 megawatts (MW)/6,848 megawatt-hours (MWh), according to a report by the American Clean Power Association (ACP) (Washington, D.C.) and Wood Mackenzie (Edinburgh, Scotland).
The volume of U.S. grid-scale installations jumped 27% quarter-over-quarter, according to the latest U.S. Energy Storage Monitor report.
"Energy storage deployment is growing dramatically, proving that it will be essential to our future energy mix," said ACP Chief Policy Officer Frank Macchiarola, in a related press release. "With another quarterly record, it's clear that energy storage is increasingly a leading technology of choice for enhancing reliability and American energy security .... as we continue to build a strong domestic supply chain, streamlined permitting and evolving market rules can further accelerate the deployment of storage resources."
But Vanessa Witte, senior research analyst with Wood Mackenzie's energy storage team, said that the recent record quarterly amount could have been higher, "were it not for the roughly 80% of projects in the pipeline expected for Q3 being delayed to a later date."
Witte said the remainder of the 2023 installation forecast dropped by 7% on average--due to challenges with supply and permitting as well as a backlog of applications in "most ISOs interconnection queues that are preventing projects to move through the development process."
Despite any challenges facing the grid-scale energy-storage market, Industrial Info is tracking robust battery energy storage system (BESS) project activity under construction. One of the largest standalone energy storage projects is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) 300-MW/1,200-MWh, $380 million BESS addition next to its Desert Sunlight solar farm in Riverside County, California, which brings the total storage capacity to 530 MW. The project is expected to wrap up in fourth-quarter 2024. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here to read a detailed project report.
Another large standalone BESS under construction is Plus Power's (San Francisco, California) 307.4-MW Larkspur BESS in Upton County, Texas, south of Odessa, which will utilize Tesla Incorporated's (NASDAQ:TSLA) (Austin, Texas) "Megapack" lithium-ion battery technology. The BESS unit will be connected to the Electricity Reliability Council of Texas (ERCOT) grid via the Lower Colorado River Authority's (Austin, Texas) Benedum Substation. The project is expected to wrap up in mid-2024. Subscribers can click here for more information.
BESS units are being paired with new or existing solar plants, to provide power in times of high demand or when the sun isn't shining.
Also expected to provide 300 MW of capacity is Longroad Energy's (Boston, Massachusetts) $425 million BESS addition at its Sun Streams Solar Plant in Arlington, about 40 miles west of Phoenix, Arizona. The BESS is designed to utilize lithium-ion storage containers, and construction is expected to wrap up in 2025. McCarthy Building Companies (St. Louis, Missouri) is providing engineering, procurement and construction services. Subscribers can learn more from a project report.
The largest solar-plus-storage project under construction in Utah is being developed by rPlus Energies (Salt Lake City, Utah): the $750 million Green River solar-plus-storage project in Emery County, Utah. The facility would provide 400 MW of solar generation and feature a 200-MW, 400-megawatt-hour iron-lithium BESS. rPlus Energies has signed a long-term power purchase agreement (PPA) with PacifiCorp (Portland, Oregon for the output. Sundt Construction (San Antonio, Texas) is expected to wrap up construction at the end of 2024. Click here for the project report.
Subscribers to the GMI Database can click here for the project reports cited in this article and here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
The volume of U.S. grid-scale installations jumped 27% quarter-over-quarter, according to the latest U.S. Energy Storage Monitor report.
"Energy storage deployment is growing dramatically, proving that it will be essential to our future energy mix," said ACP Chief Policy Officer Frank Macchiarola, in a related press release. "With another quarterly record, it's clear that energy storage is increasingly a leading technology of choice for enhancing reliability and American energy security .... as we continue to build a strong domestic supply chain, streamlined permitting and evolving market rules can further accelerate the deployment of storage resources."
But Vanessa Witte, senior research analyst with Wood Mackenzie's energy storage team, said that the recent record quarterly amount could have been higher, "were it not for the roughly 80% of projects in the pipeline expected for Q3 being delayed to a later date."
Witte said the remainder of the 2023 installation forecast dropped by 7% on average--due to challenges with supply and permitting as well as a backlog of applications in "most ISOs interconnection queues that are preventing projects to move through the development process."
Despite any challenges facing the grid-scale energy-storage market, Industrial Info is tracking robust battery energy storage system (BESS) project activity under construction. One of the largest standalone energy storage projects is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) 300-MW/1,200-MWh, $380 million BESS addition next to its Desert Sunlight solar farm in Riverside County, California, which brings the total storage capacity to 530 MW. The project is expected to wrap up in fourth-quarter 2024. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here to read a detailed project report.
Another large standalone BESS under construction is Plus Power's (San Francisco, California) 307.4-MW Larkspur BESS in Upton County, Texas, south of Odessa, which will utilize Tesla Incorporated's (NASDAQ:TSLA) (Austin, Texas) "Megapack" lithium-ion battery technology. The BESS unit will be connected to the Electricity Reliability Council of Texas (ERCOT) grid via the Lower Colorado River Authority's (Austin, Texas) Benedum Substation. The project is expected to wrap up in mid-2024. Subscribers can click here for more information.
BESS units are being paired with new or existing solar plants, to provide power in times of high demand or when the sun isn't shining.
Also expected to provide 300 MW of capacity is Longroad Energy's (Boston, Massachusetts) $425 million BESS addition at its Sun Streams Solar Plant in Arlington, about 40 miles west of Phoenix, Arizona. The BESS is designed to utilize lithium-ion storage containers, and construction is expected to wrap up in 2025. McCarthy Building Companies (St. Louis, Missouri) is providing engineering, procurement and construction services. Subscribers can learn more from a project report.
The largest solar-plus-storage project under construction in Utah is being developed by rPlus Energies (Salt Lake City, Utah): the $750 million Green River solar-plus-storage project in Emery County, Utah. The facility would provide 400 MW of solar generation and feature a 200-MW, 400-megawatt-hour iron-lithium BESS. rPlus Energies has signed a long-term power purchase agreement (PPA) with PacifiCorp (Portland, Oregon for the output. Sundt Construction (San Antonio, Texas) is expected to wrap up construction at the end of 2024. Click here for the project report.
Subscribers to the GMI Database can click here for the project reports cited in this article and here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
