US sets up 4.7 GWh storage in Q4 2021

Mar 24, 2022 06:59 PM ET
  • 4th quarter saw more capacity set up than in the very first 3 quarters incorporated, states WoodMac
US sets up 4.7 GWh storage in Q4 2021
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The United States power storage market established a brand-new record in the fourth quarter of 2021, with brand-new installations completing 4727 megawatt hours (MWh), according to Wood Mackenzie.

The analysis, compiled by Wood Mackenzie and the American Clean Power Association, highlighted that the fourth quarter of 2021 saw more capacity mounted than in the very first three quarters incorporated, regardless of project delays.

Yearly deployments of grid-scale storage space almost tripled year-over-year to 3GW/9.2 gigawatt hours (GWh).

In spite of a record year, the grid-scale market didn't meet expectations in 2021, with supply chain challenges postponing more than 2GW of capacity right into 2022 and 2023 as well as Wood Mackenzie forecasts that supply chain pressures and also delays within affiliation queue handling will certainly continue with 2024.

American Clean Power Association power storage space vice president Jason Burwen said: "2021 was yet one more record for the US power storage space market, with annual setups of multiple gigawatts for the very first time.

" Also despite continued macro-economic headwinds, affiliation delays, and also absence of aggressive government plan, enhancing need for durable clean power and also volatility in the price of fuel-based generation will drive power storage space deployment ahead."

Burwen added: "In spite of supply tightness causing some project delays, the grid-scale market is still on course for rapid growth."

System component cost gains experienced over recent years have nearly been eliminated by greater expenses for basic materials as well as transport.

Specifically, battery module prices saw the largest increase of all system components because of the enhanced cost of resources.

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