The Energy Industry Invests in Storage Battery Technologies with an Eye on Distributed Power and Renewables

The development of large-scale storage systems (often in the form of giant batteries) scattered around electric transmission grids would mean that generating companies could create excess power during periods of slow demand, store that electricity and then sell it through the grid a few hours later when demand picks up. It would also mean that spikes in demand, such as that caused by a massive number of air conditioners turned on during an extremely hot summer afternoon, could be served quickly by drawing on stored power.

Rapid growth in the number of large battery storage systems is occurring. California utility PG&E was granted approval by the California Public Utilities Commission to replace three gas plants with two major battery storage projects. One is a project from Vistra Corp. (vistracorp.com) which came online in early 2021. Called the Moss Landing Energy Storage Facility, its capacity was increased in a second phase completed in August 2021, bringing the facility's total capacity to 400 megawatts/1,600 megawatt-hours. A third expansion phase was completed in August 2023, which added another 350 MW/1,400 MWh in capacity. Moss Landing’s total capacity is now 750 MW/3,000 MWh. The other project, Elkhorn Battery, was completed in April 2022. It is a 182.5 MW/730 MWh Tesla Megapack battery energy storage system (BESS). According to the Energy Information Administration (EIA), America’s battery storage capacity in the U.S. will soar from only 9 gigawatts either planned or operating in 2021 to 30 gigawatts by 2030.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Become a Plunkett Research Online subscriber to gain unlimited access to our massive amount of vital industry data and market research.

✔ 100,000 Industry Statistics
✔ 500 Industries Analyzed for Market Size, Profits and Forecasts
✔ 150,000 Industry Executives Profiled
✔ 25,000 Companies Profiled, Ranked and Analyzed
✔ 1,000 Vital Trends Analyzed, totaling 1,000,000 words

Learn More

The Energy Industry Invests in Storage Battery Technologies with an Eye on Distributed Power and Renewables, Business and Industry Trends Analysis

A Representative List of Organizations that Have Used our Research and Products:

How to access Plunkett Research data.

What data challenge can we help you solve today?

Take a Tour

Contact

Testimonials