U.S. Energy Storage Industry to Invest $100 Billion in American Grid Batteries
The energy storage industry has committed to invest $100 billion in building and buying American-made grid batteries.
The energy storage industry has announced a historic commitment to invest $100 billion in building and buying American-made grid batteries, including capital for new battery manufacturing facilities and procurement of American-made batteries. This investment represents a clear pathway to supplying 100% of U.S. energy storage projects with American-made batteries by 2030.
The energy storage industry is laying the groundwork for a domestic battery energy storage supply chain, building or expanding more than 25 manufacturing facilities for grid-scale energy storage. This investment will transform the U.S. into a global grid battery leader, driving economic growth and competitiveness.
As communities grapple with skyrocketing energy demand, aging grid infrastructure, and concerns over reliability, battery energy storage is providing a ready-to-deploy solution to these challenges.