![]() ![]() ![]() These headwinds continued to affect the project pipeline, with over 3 GW of projects scheduled to come online in Q4 delayed or cancelled. Decreased installed capacity was largely caused by supply chain and interconnection constraints. ![]() grid-scale (also referred to as utility-scale) segment installed a total of 848 MW in Q4 2022, which was a decline from more than 1 GW of installations in both Q2 and Q3 of this year. The new report’s findings show that the U.S. Energy Storage Monitor report released today, the market added 1,067 megawatts (MW) across all segments in the fourth quarter of 2022, making the quarter only the fifth highest for installations – 33% lower than Q4 of 2021, which is the highest on record. While we saw a slight dip in installations toward the end of the year, the trend is clear: Energy storage is on a rapid growth curve and is already a key component of building a resilient grid that supports abundant clean energy,” said John Hensley, American Clean Power Association (ACP) Vice President of Research & Analytics.Īccording to ACP and Wood Mackenzie’s latest U.S. Cumulative operating utility-scale storage capacity increased by 80%. “Energy storage had its best year yet in 2022. ![]() energy storage market installed 4.8 gigawatts (GW) of capacity in 2022, nearly equal to the combined 20 installed capacity of 5 GW, becoming a record year for battery storage.
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