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
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
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
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
US President Joseph Biden issued a directive to the secretary of defense on March 31, invoking the Defense Production Act (DPA) to spur the domestic production of critical minerals needed to produce large-capacity batteries...more