Solar Market and Cost Analysis slide image

Solar Market and Cost Analysis

Energy Storage Installed (MW) U.S. Energy Storage Installations by Market Segment (EIA) ас The United States installed approximately 2.8 GW ac of energy storage onto the electric grid in the first 9 months of 2022- up 28% y/y as a result of high levels of utility-scale and C&I deployment. - Q3 2022 installations increased 88%, y/y. U.S. Energy Storage Installations by Market Segment 1,800 1,600 Residential 1,400 ■C&I 1,200 ■Utility-scale 1,000 800 600 400 200 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2018 Sources: EIA Form 860M, EIA Form 861M. 2019 2020 2021 2022 California represented approximately two-thirds of installed battery storage capacity, followed by Texas (16%). - The top five markets represented 92% of installed energy storage capacity. Q1-Q3 2022 U.S. Energy Storage Installations by Region (2.8 GW) Other, 230 Hawaii, 60 California, 1888 Texas, 453 Massachusetts, 52 Nevada, 79 NREL 18
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