The U.S. is well positioned to double the capacity of batteries connected to the power grid this year, according to the U.S. Energy Information Administration.
The total battery capacity installed on the U.S. grid is predicted to expand from 17.3 GW at the end of 2023 to 31.1 GW by the close of 2024. This forecast points to an 80% year-over-year growth.
In concert with this increase, overall U.S. electricity generation will grow by 3% in 2024 and be unchanged in 2025. Solar power will emerge as the leading source of growth in electricity generation in both 2024 and 2025 as 36 GW and 43 GW of new solar capacity come online, respectively. The new capacity will boost the solar share of total generation to 6% in 2024 and 7% in 2025, up from 4% in 2023. Electricity generation from coal will decline by 9% in 2024 and by 10% in 2025, due to a combination of higher costs compared with renewables and another 12 GW of coal-fired capacity retiring over the next two years.
Source: U.S. Energy Information Administration
