US energy storage monitor: 2022 year-in-review Report

Market Report 13 March 2023

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Report summary

The US Energy Storage Monitor explores the breadth of the US energy storage market. This quarter's release includes an overview of updates in the US energy storage market, with new deployment data from Q4 2022. It includes key trend analysis for policy landscape, system price trends, VC investments, M&A, vendor activities and deployments across residential, non-residential and front-of-the-meter segments. The report culminates in a market outlook through 2027. Projects across all segments faced continued delays; however, residential and non-residential segments both increased quarter-on-quarter. The US grid-scale energy storage segment installed 848 MW/2,506 MWh, which is the fifth-highest record on quarter in MWh-terms. The residential segment installed over 170 MW/428 MWh, creating a new record for both MW and MWh deployments.