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Solar Industry Update

Energy Storage Installed (MW) 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 U.S. Energy Storage Installations by Market Segment (EIA) EIA reports that the United States installed approximately 2.0 GWac of energy storage onto the electric grid in the first half of 2023-up 5% y/y as a result of high levels of utility-scale and residential deployment. U.S. Energy Storage Installations by Market Segment Residential ■C&I Utility-scale Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2018 2019 Sources: EIA Form 860M, EIA Form 861M. 2020 2021 2022 2023 California represented approximately 35% of battery storage capacity installed in H1 2023, followed by Texas (27%). - The top five markets represented 88% of installed energy storage capacity. H1 2023 U.S. Energy Storage Installations by Region (2.0 GW) Other, 242 MW Colorado, 225 MW California, 692 MW Texas, 542 MW AZ, 201 MW Hawaii, 92 MW NREL 19
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