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Commodities 2024: Battery storage expected to make up 21% of US capacity additions

December 30, 2023 Comments Off

US battery storage capacity is poised for a record year in 2024 with Texas and California continuing to lead in the US in new additions, after installations reached a new record last quarter. S&P Global Commodity Insights expects a combined 40.6 GW of capacity additions in 2024 from wind, solar and battery, with batteries making up 8.6 GW, said Shayne…