Pipeline steps up to 71 GW; Texas still @ top (AZ #2); New construction +10-20% 2025E (vs 35% last year); Beware of EIA data
In this report, we are updating our historical battery storage data for Q4’24 and publishing new forecasts for 2025E / 2026E. Broadly speaking, the storage market remains on firm footing, with growth continuing into this year
Another 4GW new construction starts (on track for 30% growth this year); Texas almost half; FLNC, TSLA, CSI share gains
With three quarters in the books, the U.S. utility scale storage market is on track to land +30% this year, not too far off from original expectations and better than most other renewable sectors.
New activity humming; Pipeline growing; FLNC/TSLA share gains; Raising our battery storage projections
In this note, we are updating our large scale battery storage data (ES-1, ES-3, ES-3.1, ES-3.2) after processing 2Q new construction starts, interconnections, and market share.
Momentum continues; Record new construction starts; FLNC+TSLA share gains
In this note we are updating our quarterly large scale battery storage (BESS) data.
25 developers that will build 70% of capacity; FLNC has 5 of them; AES big jump this year; New developer / integrator matrix
In this note, we break out our battery storage data, highlighting the 25 largest developers that will make up 70% of the utility-scale market in 2024.
Turning our satellites to the battery storage market; firm fundamentals with >12 GW starting this year; watching another 40 GW lining up
After slow growth in 2022, battery storage interconnections are finally accelerating. In fact, the U.S. is on track to interconnect more than 7 GW in 2023, almost double 2022.
Publishing a new BESS under construction database
Using our construction data as a guide, almost 70% of projects that come online over the next 18 months will likely be collocated.
Publishing BESS project detail by integrator (FLNC, Sungrow, CSI, Powin etc)
we are anticipating the U.S. large scale BESS installations to grow to ~15-20 GW/year by 2025, up from only ~5 GW that was installed in 2022 and 9 GW total installed in the U.S. today.
Disappointing 2022 (only 5GW installed vs 7-9GW forecast)… but project pipeline surges again
Disappointing near term installations (driven by supply chain / equipment / labor shortages), with only 5 GW installed in 2022 compared our original forecast of 7-9 GW.
Takeaways From RE+ Anaheim Conference
As an alternative to anecdotes, imperfect surveys, and guesswork, we have created a tool called Lium solarSAT™ to better inform the market with real-time solar satellite monitoring. With this product, investors and corporate management can monitor the status of all U.S. large scale solar projects, including the day each project broke ground (firstDIRT™), timing of panel deliveries, and final completions. In this report, see findings as we update our data for August satellite imagery.
