U.S. Residential Energy Storage Installations
According to the latest U.S. Energy Storage Monitor report by American Clean Power Association (ACP) and Wood Mackenzie,
Residential energy storage installations just hit an all-time high, and US grid-scale energy storage is coming on fierce. With a record-breaking 346 MW of residential storage built in Q3 2024 — a 63% increase over the previous quarter — the residential energy storage market has reached an all-time high.
According to the latest U.S. Energy Storage Monitor report by American Clean Power Association (ACP) and Wood Mackenzie, installations of both grid-scale and residential energy storage in the U.S. are continuing to rise, even reaching record highs in the third quarter of 2024.
Energy storage resources have become an increasingly important component of the energy mix as traditional fossil fuel baseload energy resources transition to renewable energy sources. Currently 23 states, plus the District of Columbia and Puerto Rico, have 100% clean energy goals in place.
The U.S. Energy Information Administration (EIA) and Wood Mackenzie forecast that by 2030, nearly 25% of all residential solar systems will include battery storage. Factors fueling this shift include: As a result, the residential ESS market is not only expanding—it's diversifying. There will be demand for:
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