The US battery energy storage market added 5,597 megawatt hours (MWh) in the second quarter of 2023, a new quarterly record.
The grid-scale segment of the industry drove the market with a record-breaking 5,109 MWh in Q2, beating the previous record in Q4 2021 by 5%, according to Wood Mackenzie and the American Clean Power Association’s (ACP) latest US Energy Storage Monitor report.
The grid-scale segment achieved 172% growth quarter-over-quarter. California was No. 1 among states with the most grid-scale energy storage installations, with 738 MW and a 49% share of installed capacity.
Wood Mackenzie projects the grid-scale segment to be the main driver of the market in its five-year forecast from 2023-27, accounting for 83% of total installations, or 55 gigawatts (GW).
ACP’s VP of research and analytics, John Hensley, said:
The energy storage market is on pace for a record year, as utilities and larger power users increasingly turn to storage to enhance the grid and improve reliability.
The market is on pace to nearly double annual installations despite supply chain challenges and interconnection delays, and will continue to grow quickly in coming years.
Community, commercial, and industrial (CCI) installations, at 107 MWh, were higher than any quarter in 2022 but couldn’t keep pace with the huge spike in Q1 installations, resulting in a 53% quarterly decline. However, the segment is still up 25% year-over-year.
Residential storage saw its second-straight quarter of decline at 381.2 MWh, behind Q1’s 388.2 MWh. California saw the biggest decline, decreasing 17% quarter-over-quarter and 37% year-over-year.
Vanessa Witte, senior analyst with Wood Mackenzie’s energy storage team, said, “We still project strong growth for the residential segment in our five-year outlook, reaching a total of 8 GW in 2027. However, the CCI segment continues to fail to meet growth projections and we have downgraded its five-year growth forecast by 28% to 3 GW.”
On Friday, the US Department of Energy (DOE) announced up to $325 million for 15 projects across 17 states and one tribal nation to accelerate the development of long-duration energy storage (LDES) technologies. The DOE has set a goal to reduce the cost of LDES by 90% by 2030.
Photo: Jupiter Power;Graphs: US Energy Storage Monitor Q3 2023 | American Clean Power Association, Wood Mackenzie
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Oil prices held on to most gains from the previous session in early trading on Thursday as investors awaited U.S.-China trade talks later in the day.
Anton Petrus | Moment | Getty Images
U.S. crude oil on Tuesday hit the lowest level since May, putting prices on pace for the worst performance in seven years as traders factor in a looming surplus and the possiblity of a peace agreement in Ukraine.
West Texas Intermediate hit $55.69 per barrel while Brent touched $59.42, the lowest level for the benchmarks since May 5.
The U.S. benchmark has lost about 22% this year for its worst performance since 2018. The global benchmark has shed nearly 20% for its worst year since 2020.
U.S. crude was last trading 2.13% lower at $55.61 per barrel while Brent was down 1.93% at $59.39. U.S. gasoline prices, meanwhile, have fallen below $3 per gallon to the lowest level in four years, according to the motorist association AAA.
The oil market is under pressure this year as OPEC+ members have rapidly ramped up production after years of output cuts. Investors are also pricing in the possibility of lower geopolitical risk as President Donald Trump pressures Ukraine to accept a peace agreement with Russia.
The threat of supply disruptions has loomed over the oil market since Russia launched its full-scale invasion of Ukraine in 2022. Kyiv has launched repeated drone strikes on Russian oil infrastructure this year. The U.S. and its European allies, meanwhile, have targeted Russia’s crude industry with sanctions.
As electric bikes and e-scooters continue to surge in popularity, and as the growing ridership skews towards younger operators with growing questions about safety and road rules, motorcycle training courses might be an unexpected ally. In Las Vegas, motorcycle safety instructors are expanding their classrooms to include e-bike and e-scooter riders, responding to a growing number of traffic incidents involving younger riders and micromobility vehicles.
The new program, led by instructors at the College of Southern Nevada (CSN) and supported by a grant from the Nevada Department of Public Safety, is designed to give e-bike and e-scooter riders formal safety training similar to what motorcycle riders have long had access to. The move comes as local officials report more than 200 traffic collisions involving juveniles during school hours this year alone, many occurring near school zones.
Unlike traditional motorcycle training, these new courses are tailored specifically to the realities of electric micromobility, reports local CBS affiliate KLAS. That includes understanding e-bike classifications, where different types of electric bikes are legally allowed to operate, lithium-ion battery safety, and practical crash-avoidance strategies for riding in mixed traffic. The goal isn’t to discourage riding, but rather to help riders better understand risk management before something goes wrong.
And to sweeten the deal even further, the class is actually free. Riders won’t need to pay tuition, purchase special equipment, or already own an e-bike to participate. The only real barrier is showing up. For many families, that removes one of the biggest hurdles to formal safety education, especially at a time when e-bikes are increasingly being used by teenagers for commuting to school, after-school jobs, and social activities.
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The structure of the course also reflects how younger riders actually learn. Participants begin with an online, self-paced portion that covers the basics, followed by an in-person session focused on real-world riding scenarios. That hybrid approach mirrors what’s already common in motorcycle safety programs, but adapted for vehicles that are quieter, lighter, and often ridden without licensing requirements.
More of these e-bike training programs aimed at younger riders are popping up around the US. This kind of training could play an important role as e-bikes continue to blur the lines between bicycles, scooters, and mopeds. Many new riders jump on an e-bike with little understanding of stopping distances, speed differentials, or how drivers perceive them in traffic. Others may not realize that different e-bike classes come with different rules about bike lanes, paths, and road use. Formal instruction helps fill those gaps in a way that YouTube videos and warning labels often don’t.
There’s also a broader implication here for cities across the US. As e-bike adoption grows faster than infrastructure and regulation can keep up, education becomes one of the most effective tools available. Teaching riders how to safely interact with cars, pedestrians, and traditional cyclists may reduce crashes without resorting to heavy-handed restrictions or outright bans that often follow high-profile incidents.
For new riders especially, programs like this can make the difference between e-bikes feeling intimidating or empowering. Instead of learning through trial and error – or worse, through an accident – riders get guidance from instructors who already understand traffic dynamics and safety principles of two-wheeled vehicles.
The CSN e-bike and e-scooter safety courses are scheduled to begin in January, and if successful, they could perhaps serve as a model for similar programs elsewhere. As electric bikes continue to move from novelty to normal transportation, efforts like this suggest that the future of micromobility safety may look less like enforcement and more like education.
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Ford is jumping into the battery energy storage business, betting that booming demand from data centers and the electric grid can absorb the EV battery capacity it says it’s not using.
To achieve this, Ford plans to repurpose its existing EV battery manufacturing capacity in Glendale, Kentucky, into a dedicated hub for manufacturing battery energy storage systems.
Ford pivots from EVs to battery storage for data centers
Ford says it will invest about $2 billion over the next two years to scale the new business. The Kentucky site will be converted to build advanced battery energy storage systems larger than 5 megawatt-hours, including LFP prismatic cells, BESS modules, and 20-foot DC container systems — the kind of hardware increasingly used by data centers, utilities, and large-scale industrial companies.
The company plans to bring initial production online within 18 months, leaning on its manufacturing experience and licensed battery technology. By late 2027, Ford expects the business to deploy at least 20 gigawatt-hours of energy storage annually.
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The move follows a joint venture disposition agreement reached last week between Ford, SK On, SK Battery America, and BlueOval SK. Under the agreement, a Ford subsidiary will independently own and operate the Kentucky battery plants, while SK On will fully own and operate the Tennessee battery plant.
Ford is also planning a separate energy storage play in Michigan. At BlueOval Battery Park Michigan in Marshall, the company will produce smaller amp-hour LFP prismatic cells for residential energy storage systems. That plant is on track to begin manufacturing in 2026, and it will also supply batteries for Ford’s upcoming midsize electric truck — the first model built on the company’s new Universal EV Platform.
Electrek’s Take
Overall, the shift reflects Ford’s broader push toward what it calls “higher-return opportunities.” Alongside taking a step backward to add more gas-powered trucks and vans to its US manufacturing footprint, Ford says it will no longer produce some larger EVs, such as the Lightning F-150, where softer demand and higher costs are resulting from the lack of support for EVs by the Trump administration. (Batteries produced at the Glendale plant were for the all-electric Ford F-150 Lightning. The best-selling electric truck in the US in Q3, before the federal tax credit expired, was the Ford F-150 Lightning, with 10,005 EVs sold, a 39.7% year-over-year increase.)
With tax credits eliminated and regulatory uncertainty, Ford is pivoting to adjacent markets, including grid-scale and residential energy storage, to keep its battery plants running and justify billions in sunk investment.
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