This report comes to you at the turning of the tide for energy storage: after two years of rising prices and supply chain disruptions, the energy storage industry is starting to see price declines and much-anticipated supply...more
Both the US and global energy storage markets have experienced rapid growth over the last year and are expected to continue expanding. An estimated 650 gigawatts (GW) (or 1,877 gigawatt-hours) of new energy storage capacity...more
Energy storage resources are becoming an increasingly important component of the energy mix as traditional fossil fuel baseload energy resources transition to renewable energy sources. There are currently 23 states, plus the...more
This Insight comes to you at the turning of the tide: after a period of increased pricing and supply chain disruptions, we are starting to see a return to reliable supply and declining prices in the battery energy storage...more
The US power grid is expected to double in capacity from 2022 to 2050, primarily driven by the growth of renewable capacity, which is expected to increase by 380% in that time period. By comparison, fossil fuel–generating...more
Energy storage: the technology that will cash the checks written by the renewable energy industry. Energy storage can transform intermittent clean energy—primarily derived from wind and solar—into a reliable source of 24/7...more
Despite global economic headwinds, the US offshore wind industry has continued to slowly but steadily blossom, driven largely by enhanced vision and cooperation among federal government agencies under the Biden...more
In recent years, the United States has enacted significant legislation (the Infrastructure Investment and Jobs Act in 2021 and the Inflation Reduction Act of 2022) that will spur greater development of domestic renewable...more
The United States and global energy storage markets have experienced rapid growth that is expected to continue. An estimated 387 gigawatts (GW) (or 1,143 gigawatt hours (GWh)) of new energy storage capacity is expected to be...more
On December 1, 2022, the Environmental Protection Agency (EPA) published its proposed “set” rule for the Renewable Fuel Standard (RFS) Program. In addition to setting the volume and percentage standards for renewable fuels...more
The Biden-Harris administration and US Department of Commerce (Commerce) are investigating solar cell parts from four Southeast Asian countries—Cambodia, Malaysia, Thailand, and Vietnam—to determine if the manufacturers are...more
A bipartisan group of US senators recently proposed legislation intended to broadly address electric vehicle (EV) fleet management, as both the federal government and the private sector continue adopting EV use at an...more