Second quarter energy storage field

What did the energy storage sector do in Q2 2024?

This audio is auto-generated. Please let us know if you have feedback The U.S. energy storage sector marked its second strongest quarter on record in Q2 2024 with 2.9 GW of newly installed capacity, a 62% jump from Q2 2023, the American Clean Power Association said Thursday in its latest clean power quarterly market report.

How did storage deployments perform in Q2 2024?

Storage deployments saw their second-best quarter ever, with overall clean energy installations on pace for a record year, according to the American Clean Power Association’s Q2 2024 market report.

What percentage of energy storage capacity is deployed in 2024?

The company’s first two quarters of energy storage deployment in 2024, are equal to just over 91% of the entirety of the capacity deployed in 2023 – with the second quarter alone equal to almost 64% of 2023’s total deployment capacity.

How many GW of solar power did developers install in Q2?

Developers installed 11 GW of new utility-scale solar, storage, and wind capacity in the second quarter, up 91% year over year. The U.S. clean power development pipeline expanded by 13% during the same period, ACP said.

How many utility-scale battery storage projects are operational?

Utility-scale battery storage projects are operational in 43 states, and 12 states have more than 100 MW of operating utility-scale storage capacity as of June 30, ACP said. Of the 33 storage projects commissioned in the second quarter, 18 were paired with solar or wind generation facilities and 15 were standalone, ACP said.

Which states have the most energy storage capacity?

California, Texas, Arizona, Nevada and Florida are the top five markets for cumulative operating energy storage capacity, according to ACP’s Q2 report. Utility-scale battery storage projects are operational in 43 states, and 12 states have more than 100 MW of operating utility-scale storage capacity as of June 30, ACP said.