It was a recording break This fall for power storage installations within the US. Picture: Kenueone.
A complete of 1,613MW/4,727MWh of power storage was put in within the US within the final quarter of 2021 in response to Wooden Mackenzie, which says annual residential storage installations will hit 2GW by 2026.
The ability MW put in in This fall was greater than the primary three quarters of the 12 months mixed which noticed 1.5GW put in. Analysis group Wooden Mackenzie Energy & Renewables mentioned This fall noticed spectacular grid-scale deployment figures in sure Southern States in addition to the established frontrunners of California and Texas.
However This fall ought to have been much more of an outlier with 2GW of grid-scale capability anticipated to return on-line in the course of the quarter pushed again to 2022 and 2023 in gentle of provide chain challenges. We may see as a lot as 1.7GW put in within the present quarter.
Total, Wooden Mackenzie mentioned 3GW/9.2GWh of grid-scale storage got here on-line out of a complete 3.5GW/10.5GWh throughout all segments within the US in 2021. That’s 140% year-on-year development measured in GW and a tripling of deployments measured by GWh. However the 3.5GW is decrease than the 4.2GW determine from BloombergNEF’s competing report launched earlier this month, coated by Power-storage.information.
In the meantime, separate figures overlaying all clear power lately launched by American Clear Energy Affiliation, which additionally commissioned WoodMac’s latest report, mentioned the utility-scale phase noticed 2.6GW of deployment final 12 months. WoodMac’s figures cowl all market segments.
It says the residential storage phase had its strongest quarter up to now with 123 MW put in in This fall 2021 which was pushed by gross sales of solar-plus-storage techniques, of which half was in California. Puerto Rico put in 14.3GW whereas Texas noticed 10.5 MW of deployments within the residential phase.
The report provides that system value features over the previous few years have been practically worn out by larger prices for uncooked supplies and transportation. Battery module pricing has spiked probably the most of all system elements whereas BOS (steadiness of system) has remained flat.
For the approaching 5 years, WoodMac expects related development this 12 months and in 2023 to that seen in 2021, however expects three roughly flat years for deployments in 2024-2026. In complete over 2021-2026, the analysis agency expects 63.4GW/202.5GWh of storage to have been deployed. And by the top of the interval, annual deployments of residential storage will hit 2GW/5.4GWh.
It says that initiatives are nonetheless being constructed at record-setting tempo regardless of prices and provide chain points inflicting delays and that its methodology consists of further danger weighting to account for provide chain points