Solar Market and Cost Analysis
Energy Storage Installed (MWh)
U.S. Energy Storage Installations
by Market Segment (Energy Storage
Association)
The United States installed approximately 11.1 GWh (3.7 GW ac) of energy storage
onto the electric grid in Q1-Q3 2022, +88% (+90%) y/y as a result of high levels of
residential deployment and grid-scale deployment.
-
Grid-scale and residential storage installations were up 48% (26%) and 55% (44%) in Q2
2022 y/y respectively.
Nonresidential storage had another lackluster quarter, installing only 26.6 MW
ac'
U.S. Energy Storage Installations by Market Segment
6,000
1,800
Grid-scale (MWh)
Grid-scale (MW)
1,650
5,000
Nonresidential (MWh)
■Nonresidential (MW)
1,500
1,350
4,000
Residential (MWh)
■Residential (MW)
1,200
1,050
3,000
2,000
900
750
600
450
1,000
0
300
150
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2018
2019
2020
2021
2022
Wood Mackenzie's total outlook for 2022-2026 across all
segments yielded an average upgrade of 108% compared to the
Q3 forecast.
-
This was driven by new grid-scale project announcements and
increased residential and nonresidential volumes in California due
to the introduction of a community solar program and NEM 3.0.
California again took the lead in all three categories in Q3 2022,
installing nearly 20x more grid-scale capacity than the next
nearest state (Texas).
-
Energy Storage Installed (MW)
Puerto Rico, Arizona, and Texas also had record-breaking quarters
for residential deployment.
Florida 1%.
Q1-Q3 2022 U.S. Energy Storage
Installations by Region (11.1 GWh)
Texas
14%
California
71%
Massachusetts 1%
Other
8%
Hawaii 2%
Nevada 3%
Note: Front-of-the-meter refers to all projects deployed on the utility side of the meter, regardless of size or ownership.
Source: Wood Mackenzie Power & Renewables and Energy Storage Association, U.S. Energy Storage Monitor: Q4 2022.
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