The U.S. energy storage market continued its strong growth in Q3 of 2024, with the grid-scale segment setting a new Q3 record at 3,431 megawatts (MW) and 9,188 megawatt-hours (MWh) deployed.According to the American Clean Power Association’s (ACP) and Wood Mackenzie’s latest U.S. Energy Storage Monitor report released today, Q3 set the highest record for third-quarter installations, with a total of 3,806 MW and 9,931 MWh deployed, an 80% and 58% increase over year-ago numbers.
Texas and California Markets Show No Signs of Slowing
Grid-scale energy storage deployments in both Texas and California were robust in Q3, as the two markets continue to embrace storage as a grid solution. Texas tripled installations compared to the previous quarter with nearly 1.7 GW added, and California produced the highest GWh of installations with nearly 6 GWh added, thanks to its focus on longer duration plants.
Arizona, Colorado, Florida, and Vermont also saw installations in Q3, showing an appetite for grid-scale storage deployment across the country.
“We are seeing the energy storage industry fill a real need across the country to provide reliability in an affordable and efficient manner for communities,” said John Hensley, SVP, Markets and Policy Analysis for ACP. “With 64 GW of new energy storage expected in the next four years, the market signal continues to be clear that energy storage is a critical component of the grid moving forward.”
“The rapid energy storage deployment we’re seeing in the United States not only enhances reliability and affordability but also drives economic expansion. This additional storage capacity is helping meet increasing energy demand and is supporting growing industries like manufacturing and data centers,” said Noah Roberts, ACP’s VP of Energy Storage. …
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