Boom Times For The Battery Energy Storage Market
Key takeaways
- Current Climate brings you the latest news about the business of sustainability every Monday.
- Los Angeles Times via Getty Images Welcome back to Current Climate.
- At the current pace, the country may have over 610 GWh of energy storage in place by 2030.
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Los Angeles Times via Getty Images Welcome back to Current Climate. The Trump administration’s hostility toward Joe Biden’s clean energy programs has stymied offshore wind and green hydrogen projects and depressed sales of electric vehicles. But surging demand for electricity, driven by the unchecked growth of power-thirsty AI data centers, continues to underpin boom times for the battery storage industry.
The U.S. added 9.7 gigawatt-hours of battery storage capacity in this first quarter, up 32% from a year ago and a record for the period, according to the Solar Energy Industries Association and Benchmark Mineral Intelligence. At the current pace, the country may have over 610 GWh of energy storage in place by 2030. Much of that capacity is paired with solar and wind systems, helping to limit the growth of climate-warping carbon emissions from fossil fuel-generated electricity.