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Battery capacity in the US more than tripled since the start of 2021: report

Stephen Singer of UtilityDive writes on the growth in battery capacity in the U.S.

The C3 Take
  • 81% of new battery capacity is owned by independent power producers and 19% is owned by utility companies.
  • California and Texas led states in new battery capacity added with Massachusetts coming in third.
  • Electricity market competition in Texas has made it easier and more economical to bring new energy technologies onto the grid.
  • Economic freedom is delivering clean energy solutions.

“Looked at from another angle, energy storage is growing. Corporate funding in energy storage companies soared in the first nine months of 2022, reaching $22 billion in 92 deals compared with $13 billion in 74 deals in the same period last year, according to a study by Mercom Capital Group.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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