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U.S. Residential Energy Storage Installations Reach a Record High

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18 Dec, 2024

This post was originally published on Eco Watch

According to the latest U.S. Energy Storage Monitor report by American Clean Power Association (ACP) and Wood Mackenzie, installations of both grid-scale and residential energy storage in the U.S. are continuing to rise, even reaching record highs in the third quarter of 2024.

Grid-scale energy storage reached a record for third-quarter installations, hitting 3,806 MW installed and 9,931 MWh deployed for Q3 2024. According to ACP and Wood Mackenzie, these numbers are 80% and 58% higher, respectively, compared to just one year prior. 

The residential market in particular has seen rapid expansion, reaching an all-time quarterly record 346 MW of installed residential energy storage in Q3 2024. This represents a 63% increase just from Q2 2024.

“The rapid energy storage deployment we’re seeing in the United States not only enhances reliability and affordability but also drives economic expansion,” Noah Roberts, vice president of energy storage for ACP, said in a statement. “This additional storage capacity is helping meet increasing energy demand and is supporting growing industries like manufacturing and data centers. Energy storage is crucial for energy security and to help outpace rising demand.”

Texas and California led the way for grid-scale energy storage installations for Q3, with Texas tripling its installations compared to Q2.

On-site solar + storage for tenants at 2410 Waugh Apartments in the Montrose neighborhood of Houston, Texas. Pearlx Infrastructure

Three states are driving growth of residential energy storage: California, Arizona and North Carolina, with 56%, 73% and 100% increases in residential storage for Q3 of this year compared to one quarter prior. 

Wood Mackenzie analysts predicted a 30% growth in energy storage installations for 2024, but growth rate could slow to around 10% from 2025 to 2028. According to ACP and Wood Mackenzie, grid-scale installations are expected to increase by more than double, to 63.7 GW, by 2028, and residential energy storage is predicted to reach a total 10 GW by 2028. 

While storage expansion could remain steady, experts are concerned whether the next administration under president-elect Donald Trump will disrupt progress with changes to current tax credits or increases in tariffs.

Currently, experts at International Energy Agency (IEA) predicted falling battery storage costs by up to 40% by 2030, Reuters reported. This could increase resilience and reliability of clean energy sources, in addition to making clean energy and storage costs cheaper than fossil fuel sources.

“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,” John Hensley, SVP of Markets and Policy Analysis at ACP, said in a statement. “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 post U.S. Residential Energy Storage Installations Reach a Record High appeared first on EcoWatch.

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Canadian Solar and Flow Power to install anti-hail solar

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Canadian Solar and Flow Power have teamed up to deliver the first Flow Power solar project featuring Canadian Solar’s anti-hail modules.

This project will also mark the first deployment of Canadian Solar’s anti-hail technology in Australia.

Set to be delivered in 2025, the South Australian solar and battery energy storage system (BESS) in Coonawarra will provide increased protection for solar panels in extreme weather conditions.

Developed through extensive testing, the company’s anti-hail technology is said to help safeguard solar panels from severe weather, including hailstorms. This is part of Canadian Solar’s commitment to providing durable, high-performance solutions for renewable energy projects in some of the world’s challenging environments.

Based in the Coonawarra wine region, Flow Power’s first project to utilise the technology will be a solar farm paired with a DC-coupled BESS. This project will be the first of many sites where Canadian Solar and Flow Power collaborate to install the company’s anti-hail technology across the country.

“We’re excited to be using Canadian Solar’s TOPCon anti-hail panels in our upcoming energy projects,” said Tom Harrison, Flow Power’s General Manager Energy Projects.

“At Flow Power, we are committed to innovation, and we always work to make each new project better than the last. That includes building smarter, more resilient energy solutions, and the Coonawarra Energy Project is a testament to that mission. By integrating anti-hail technology into our solar farms, we are not only enhancing the durability of our assets, but also ensuring greater reliability for our customers, even in extreme weather conditions.”

“We are proud to partner with Flow Power to bring our advanced anti-hail solar panels to Australian energy projects,” said Dr Shawn Qu, Chairman and CEO of Canadian Solar. “This first project highlights our commitment to providing innovative solutions that enhance the durability and performance of solar energy systems in Australia.”

The first phase of the Coonawarra Energy Project will begin soon, with the solar modules set to be installed in the coming months.

Image credit: iStock.com/Ihor Kochet

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The post 12 Things to Know in Sustainable Fashion This April appeared first on Good On You.

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