Recent reports from industry analyst Wood Mackenzie show new solar soaring but energy storage slumping.

After a strong showing last year, the U.S. energy storage market shrank in the first quarter of 2023, with grid-scale installations dropping 21% year over year, according to a new report.

Grid-scale energy storage totaling 1.17 GW was installed across the U.S. in Q2 2022, a 212% increase from the same quarter of 2021, an industry report shows.

Despite supply challenges, the storage industry is innovating to optimize the value of lithium-ion batteries while also developing long-duration alternatives.

Supply delays and rising prices will cut U.S. solar growth this year but petroleum price shocks from Russia’s invasion of Ukraine will help the sector recover.

Wood Mackenzie’s Dan Finn-Foley discussed the surge in storage resources during a webinar by the Energy Storage Technology Advancement Partnership.

The presidential election, energy storage and electrification challenges were on the minds of speakers at Greentech Media's Power and Renewables Summit.