Development trend of energy storage market in the United States

In recent years, the United States has accelerated the construction of energy storage systems, improved public charging networks and increased user convenience.

In November 2021, the US government invested $550 billion to upgrade infrastructure, of which about $2.5 billion was invested in the development of transmission lines and upgrading grid facilities.

In 2022, the US Department of Energy announced an investment of $10.5 billion to build smart grids and upgrade power grids to improve the reliability and resilience of the power system.

In October 2023, US government provided a $2 billion subsidy and leveraged a total of more than $8 billion in federal and private investment to improve the transmission network.

As the US government increases its investment in grid infrastructure upgrades and transformer demand pressure gradually eases, the capacity restrictions on new energy grid connection in the United States are expected to gradually ease.

It is expected that by 2024, the deployment capacity of various fields in the US energy storage market will reach 12.9 GW. The report said that the new capacity will exceed the 10 GW mark for the first time, and it is expected that the new capacity in various fields will reach 75 GW by 2028.