U.S. Residential Energy Storage Installations Reach a Record High [Video]

According to the latest U.S. Energy Storage Monitor report by American Clean Power Association (ACP) and Wood Mackenzie, installations of both grid-scale and residential energy storage in the U.S. are continuing to rise, even reaching record highs in the third quarter of 2024.

Grid-scale energy storage reached a record for third-quarter installations, hitting 3,806 MW installed and 9,931 MWh deployed for Q3 2024. According to ACP and Wood Mackenzie, these numbers are 80% and 58% higher, respectively, compared to just one year prior. 

The residential market in particular has seen rapid expansion, reaching an all-time quarterly record 346 MW of installed residential energy storage in Q3 2024. This represents a 63% increase just from Q2 2024.

“The rapid energy storage deployment we’re seeing in the United States not only enhances reliability and affordability but also drives economic expansion,” Noah Roberts, vice president of energy storage for ACP, said in a statement. “This additional storage capacity is helping meet increasing energy demand and …