The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 megawatts deployed across all segments. This marks the highest storage capacity ever installed in a first quarter in the U.S., representing an 84% increase from Q1 2023.report, the grid-scale segment installed 993 MW, producing the highest Q1 on record for the grid-scale segment. Nevada, California, and Texas accounted for 90% of new grid-scale capacity added.
California also led the community, commercial, and industrial segment to install 19.4 MW, which represents a 43% decline quarter-on-quarter , as both New York and Massachusetts experienced one of the slowest CCI quarters in recent years.Despite seasonal patterns of project installations resulting in a QoQ drop, Q1 installation additions of 993 MW in the grid-scale segment represent a 101% increase over Q1 2023. The grid-scale segment is forecasted to end 2024 with 11.
The community, commercial and industrial segment had a down quarter. CCI storage deployments in California have remained stagnant as the majority of systems being interconnected continue to fall under NEM 2.0. Deployments are expected to rise as the full effects of NEM 3.0 are realized over the coming years.
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