Energy storage installations in the US increased significantly in 2023, according to the American Clean Power Association (ACP) and the Solar Energy Industries Association. The association’s annual market report stated that energy storage installations nearly doubled to around 16 GW, bringing total hybrid project capacity online to over 30.7 GW. Solar-plus-storage made up 95% of the 11 GW of new hybrid capacity brought online last year, and total hybrid installations rose 90% from 2022 to 2023. The report also noted that nearly half of all battery storage projects operating are hybrid projects, largely due to the structure of federal tax credits. However, the future of the clean energy industry in the U.S. continues to be threatened by a lack of new transmission lines.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
