U.S. energy storage market sees record growth in Q1 2025
California and Puerto Rico are the leading residential storage markets, contributing to 74% of the overall growth. The commercial & industrial sector installed 26 MW in Q1.
California and Puerto Rico are the leading residential storage markets, contributing to 74% of the overall growth. The commercial & industrial sector installed 26 MW in Q1.
By geography, Asia-Pacific led with 43% of the energy storage market share in 2024, whereas North America is expected to post the fastest 14.5% CAGR through 2030. By
HOUSTON/WASHINGTON, D.C. June 25, 2025 — According to the new U.S. Energy Storage Monitor developed by Wood Mackenzie and the American Clean Power
The U.S. energy storage market was estimated at USD 106.7 billion in 2024 and is expected to reach USD 1.49 trillion by 2034, growing at a CAGR of 29.1% from 2025 to 2034, driven by
Energy storage is a critical part of U.S. infrastructure—keeping the grid reliable, lowering energy costs, minimizing power outages, increasing U.S. energy production, and strengthening
To support the global transition to clean electricity, funding for development of energy storage projects is required. Pumped hydro, batteries, hydrogen, and thermal storage
In eight years, energy storage went from a tiny player to one of the largest sources of new power on the U.S. grid.
While oil, coal, and natural gas still dominate the global energy sourcing in terms of terawatt-hour yield, renewables are rapidly expanding with over twice the investment size of
In this blog, we''ll cover what is driving the unprecedented growth of the energy storage sector, address challenges the industry needs to navigate, and show how energy
In this report, our lawyers outline key developments and emerging trends that will shape the energy storage market in 2025 and beyond.
In eight years, energy storage went from a tiny player to one of the largest sources of new power on the U.S. grid.
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