Energy Storage News•about 10 hours ago
US will install 500GWh of new energy storage by 2031, Wood Mackenzie predicts
Key Takeaway
The projected 500 GWh of new storage capacity by 2031 signifies a transformative shift in the US energy landscape, creating substantial opportunities for developers and critical new tools for large power consumers and IPPs to manage energy costs and reliability.
AI Summary
- •Wood Mackenzie forecasts the US will install 500 GWh of new energy storage capacity by 2031.
- •This significant market expansion signals a robust project pipeline for developers and increased availability of grid-scale storage solutions.
- •Large power consumers and IPPs can leverage this growth for enhanced grid reliability, peak demand management, and new revenue streams from ancillary services.
Topics
capacity-marketdatacenterfinancinginterconnectirapolicyppastorage