The U.S. battery storage sector has been growing rapidly since 2021, with storage capacity projected to increase by almost 90% by the end of 2024. According to the U.S. Energy Information Administration EIA, developers are on track to expand U.S. battery capacity to more than 30 gigawatts GW by the end of 2024, surpassing those of petroleum liquids, geothermal, wood and wood waste, or landfill gas.
These include a massive 2GWh facility in Inner Mongolia, with the other five ranging in capacity from 100 MWh to 660 MWh—in the provinces of Hebei, Shanxi, Gansu, Jilin, and Xinjiang. Energy Vault could end up doing plenty of business in China thanks to Beijing’s mandate that all renewable energy facilities i.e., solar and wind farms must integrate 20% of the nameplate generation capacity’s worth of storage. In contrast, in the U.S.