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Released September 27, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. grid-scale energy-storage market set a record during the second quarter, with installations totaling 1,510 megawatts (MW) or 5,109 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 was 5% more than the previous record set in fourth-quarter 2021, and a 172% increase quarter-over-quarter, according to the latest U.S. Energy Storage Monitor report.
"We saw a huge bounce back in Q2 after consecutive quarterly declines in the market," said Vanessa Witte, senior analyst with Wood Mackenzie's energy storage team, in a press release. "Many projects delayed from prior quarters, largely due to supply chain issues, were able to come to fruition this past quarter. However, even with the record, the projected pipeline did not fully materialize, with more than 2 gigawatts (GW) pushed back."
California "dominated" grid-scale capacity installations in the second quarter, according to the report's executive summary, installing 738 MW--a 49% share of the quarter's total installed grid-scale capacity. The summary noted this was buoyed by Vistra Corporation (NYSE:VST) (Irving, Texas) adding 350 MW of energy storage via a new battery energy-storage system (BESS) at its Moss Landing power plant in Monterey County, California. The addition increases the storage facility's BESS capacity to 750 MW, which makes it the largest BESS facility in the U.S., according to the U.S. Energy Information Administration (EIA).
Subscribers to the Global Market Intelligence (GMI) Power Project and Plant databases can click here for the project report and here for the Moss Landing plant profile.
Industrial Info is tracking $9.2 billion worth of energy-storage projects under construction in the U.S. Power Industry, with more than half of the spend in Texas and California.
The highest-valued project in California is Intersect Power's (Beaverton, Oregon) $650 million Oberon solar-plus-storage project in Desert Center, California, which is expected to wrap up by the end of the year. Located in the southern part of the state, the project will generate 500 MW of solar power and provide 500 MW of battery storage via lithium-ion technology. 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. Subscribers can read more in a detailed project report.
Also expected to wrap up by the end of the year is Capital Dynamics Limited's (New York, New York) 200-MW, $200 million Avocet Battery Storage project in the Los Angeles area, which will utilize Tesla Incorporated's (NASDAQ:TSLA) (Austin, Texas) "Megapack" large-scale energy-storage model. Click here to read the project report.
Although the report notes California led all states in installed, grid-scale energy-storage capacity in the second quarter, Texas trumps the Golden State in terms of total investment value of projects under construction with $3.7 billion worth of project activity, according to Industrial Info's database.
This includes TotalEnergies SE's (NYSE:TTE) (Courbevoie, France) 150.8-MW BESS addition at its Danish Fields solar plant in Matagorda County, which is expected to be completed next year, and Spearmint Energy's (Miami, Florida) stand-alone Revolution BESS in Upton County, which is in the final commissioning phase. The Revolution BESS will utilize lithium iron phosphate (LFP) batteries developed by Sungrow Power (Hefei, China) for 150 MW/300 MWh of storage. LFP batteries contain no cobalt or nickel. Subscribers can read detailed reports on the Danish Fields and Revolution projects.
Click on the image at right for a graph showing energy-storage projects under construction in the top five states, by total investment value.
In terms of the report's five-year market outlook, "announced project capacity in the short term combined with expected supply chain and interconnection queue delays in the medium term drive the five-year outlook to 2027." However, "the grid-scale forecast is bolstered by a growing, healthy near-term pipeline. Our forecast assumes supply chain and interconnection queue challenges will continue the trend of delayed projects that has been prevalent since early 2022." WoodMackenzie expects 55 GW of grid-scale capacity installations from 2023-2027.
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 was 5% more than the previous record set in fourth-quarter 2021, and a 172% increase quarter-over-quarter, according to the latest U.S. Energy Storage Monitor report.
"We saw a huge bounce back in Q2 after consecutive quarterly declines in the market," said Vanessa Witte, senior analyst with Wood Mackenzie's energy storage team, in a press release. "Many projects delayed from prior quarters, largely due to supply chain issues, were able to come to fruition this past quarter. However, even with the record, the projected pipeline did not fully materialize, with more than 2 gigawatts (GW) pushed back."
California "dominated" grid-scale capacity installations in the second quarter, according to the report's executive summary, installing 738 MW--a 49% share of the quarter's total installed grid-scale capacity. The summary noted this was buoyed by Vistra Corporation (NYSE:VST) (Irving, Texas) adding 350 MW of energy storage via a new battery energy-storage system (BESS) at its Moss Landing power plant in Monterey County, California. The addition increases the storage facility's BESS capacity to 750 MW, which makes it the largest BESS facility in the U.S., according to the U.S. Energy Information Administration (EIA).
Subscribers to the Global Market Intelligence (GMI) Power Project and Plant databases can click here for the project report and here for the Moss Landing plant profile.
Industrial Info is tracking $9.2 billion worth of energy-storage projects under construction in the U.S. Power Industry, with more than half of the spend in Texas and California.
The highest-valued project in California is Intersect Power's (Beaverton, Oregon) $650 million Oberon solar-plus-storage project in Desert Center, California, which is expected to wrap up by the end of the year. Located in the southern part of the state, the project will generate 500 MW of solar power and provide 500 MW of battery storage via lithium-ion technology. 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. Subscribers can read more in a detailed project report.
Also expected to wrap up by the end of the year is Capital Dynamics Limited's (New York, New York) 200-MW, $200 million Avocet Battery Storage project in the Los Angeles area, which will utilize Tesla Incorporated's (NASDAQ:TSLA) (Austin, Texas) "Megapack" large-scale energy-storage model. Click here to read the project report.
Although the report notes California led all states in installed, grid-scale energy-storage capacity in the second quarter, Texas trumps the Golden State in terms of total investment value of projects under construction with $3.7 billion worth of project activity, according to Industrial Info's database.
This includes TotalEnergies SE's (NYSE:TTE) (Courbevoie, France) 150.8-MW BESS addition at its Danish Fields solar plant in Matagorda County, which is expected to be completed next year, and Spearmint Energy's (Miami, Florida) stand-alone Revolution BESS in Upton County, which is in the final commissioning phase. The Revolution BESS will utilize lithium iron phosphate (LFP) batteries developed by Sungrow Power (Hefei, China) for 150 MW/300 MWh of storage. LFP batteries contain no cobalt or nickel. Subscribers can read detailed reports on the Danish Fields and Revolution projects.
Click on the image at right for a graph showing energy-storage projects under construction in the top five states, by total investment value.In terms of the report's five-year market outlook, "announced project capacity in the short term combined with expected supply chain and interconnection queue delays in the medium term drive the five-year outlook to 2027." However, "the grid-scale forecast is bolstered by a growing, healthy near-term pipeline. Our forecast assumes supply chain and interconnection queue challenges will continue the trend of delayed projects that has been prevalent since early 2022." WoodMackenzie expects 55 GW of grid-scale capacity installations from 2023-2027.
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).
