Tag: grid

The U.S. will triple its energy storage capacity in three years

A new report puts the country´s energy storage capacity at 2.5 GW by 2023The United States, the world's largest economy and the second-largest consumer of electricity on the planet, is laying the foundations for a future in which its power grid will be increasingly connected to energy storage sources. Indeed a report by the U.S. Energy Administration (EIA) estimates that the United States will triple its energy storage capacity in just three years.Although the country's energy storage capacity is currently around 1 GW, the EIA estimates that it will reach 2.5 GW by 2023. As of March 2019, most of this energy resource is found in the states of California, Illinois, Texas, and West Virginia, as can be seen in the following chart published by the EIA:"KEY TO CAPTURING THE FULL VALUE OF ENERGY RESOURCES"This report is reflected...