US developers of large-scale battery storage stations have 18. 7 GW of new capacity under construction, according to S&P Global Commodity Insights Market Intelligence data, indicating another strong year for the grid's electrochemical shock absorbers.
Developers expect to bring more than 300 utility-scale battery storage projects on line in the United States by 2025, and around 50% of the planned capacity installations will be in Texas. The five largest new U.S. battery storage projects that are scheduled to be deployed in California and Texas in 2024 or 2025 are:
Two states with rapidly growing wind and solar generating fleets account for the bulk of the capacity additions. California has the most installed battery storage capacity of any state, with 7.3 GW, followed by Texas with 3.2 GW.
The remaining states have a total of around of 3.5 GW of installed battery storage capacity. Planned and currently operational U.S. utility-scale battery capacity totaled around 16 GW at the end of 2023. Developers plan to add another 15 GW in 2024 and around 9 GW in 2025, according to our latest Preliminary Monthly Electric Generator Inventory.
Today there are about 34 battery factories either planned, under construction, or operational in the country. Former U.S. President Joe Biden's Inflation Reduction Act (IRA), signed into law August 16, 2022, might not have been the initial catalyst behind the onshoring battery factory trend.
Where are Panasonic EV batteries made?
The facility in De Soto will be Panasonic's second EV battery plant in the U.S., after the Panasonic Energy of North America (PENA) facility in Sparks, Nevada, which operates inside Tesla's Nevada Gigafactory and supplies the EV maker with batteries. Panasonic said in June 2023 that it plans to expand production at PENA by 10% within three years.
Are battery storage projects getting bigger?
Battery storage projects are getting larger in the United States. The battery storage facility owned by Vistra and located at Moss Landing in California is currently the largest in operation in the country, with 750 megawatts (MW).