"Nearly a decade ago, when the energy storage market was in its infancy, an industry organization set a dreamy goal: By the end of 2025, the U.S. would deploy 35 gigawatts of batteries connected to the grid. So how'd the storage industry do? In the third quarter, 4.7 gigawatts of batteries were installed. In sum, more than 40 gigawatts have been deployed, and the year isn't over, Canary Media reported."
"Redwood Materials, which was co-founded by Tesla alumnus JB Straubel, in June added a new business line focused on repurposing used EV batteries for grid-scale storage. The company noticed two overlapping trends: The batteries that were arriving at its recycling facilities still had plenty of life left in them, and meanwhile, the battery storage industry was growing in leaps and bounds."
U.S. battery storage capacity has grown from a nascent market to more than 40 gigawatts deployed, propelled by 4.7 gigawatts installed in the third quarter alone. Storage accounted for nearly half of all new renewable capacity in July through September, and renewables have led new capacity additions so far this year. Deployment has concentrated in Arizona, California, and Texas to relieve strained grids, offering lessons for regions facing data-center-driven demand growth in the Midwest and East Coast. Companies are repurposing used EV batteries and developing leasing and virtual power plant models. Startups have raised significant capital to scale manufacturing and deployment.
Read at TechCrunch
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