What is energy storage?

Energy storage includes equipment and services for electrochemical (batteries), thermal, and mechanical storage. The United States is one of the fastest growing markets for energy storage in the world, giving U.S. companies expertise in deploying, operating, and optimizing energy storage systems.

What are the different types of energy storage technologies?

The United States has a range of competitive energy storage technologies, from lithium ion batteries, to flow batteries, compressed air energy storage, liquid air energy storage, pumped hydro, hydrogen, thermal storage, and more!

What is the future of energy storage?

Renewable penetration and state policies supporting energy storage growth Grid-scale storage continues to dominate the US market, with ERCOT and CAISO making up nearly half of all grid-scale installations over the next five years.

What is America's strategy to secure the energy supply chain?

The report “America’s Strategy to Secure the Supply Chain for a Robust Clean Energy Transition” lays out the challenges and opportunities faced by the United States in the energy supply chain as well as the Federal Government plans to address these challenges and opportunities.

How many GWh of energy storage are there in the world?

Globally, over 30 gigawatt-hours (GWh) of grid storage are provided by battery technologies (BloombergNEF, 2020) and 160 gigawatts (GW) of long-duration energy storage (LDES) are provided by technologies such as pumped storage hydropower (PSH) (U.S. Department of Energy, 2020)1.

Will energy storage grow in 2024?

Allison Weis, Global Head of Energy Storage at Wood Mackenzie Another record-breaking year is expected for energy storage in the United States (US), with Wood Mackenzie forecasting 45% growth in 2024 after 100% growth from 2022 to 2023.