To meet its ambitious climate goals, the U.S. must develop 100 gigawatts (GW) of energy storage by 2030. While energy storage capacity in the U.S. tripled last year, the market has only made a small dent with just more than 4.6 GW of operating storage.
That’s a lot of ground to make up. Considering energy use in the U.S. is higher than ever and global energy demand continues to rise, energy storage needs a jumpstart to provide more flexibility to the electric grid and handle the accelerating addition of renewable energy like solar and wind.