Storage Archives | ACP https://cleanpower.org Wed, 31 Jan 2024 20:12:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 ACP Launches New Event Focused on Energy Storage Sector https://cleanpower.org/news/acp-launches-new-event-focused-on-energy-storage-sector/?utm_source=rss&utm_medium=rss&utm_campaign=acp-launches-new-event-focused-on-energy-storage-sector Mon, 22 Jan 2024 14:12:59 +0000 https://cleanpower.org/?post_type=press_release&p=48656 WASHINGTON DC, January 22, 2024 — The American Clean Power Association (ACP) today announced the official launch of its new annual Energy Storage Summit — ACP RECHARGE. The summit will connect the nation’s leading storage manufacturers, renewable developers, policy makers, and thought leaders for discussions on technological advances, market conditions, and the policy frameworks required to sustain rapid growth in this critical sector. The summit will also provide ample opportunities for engagement to support the growing community that is so crucial to our collective success. This premier event will take place in Portland, Oregon, on June 26-28, 2024.  

The energy storage industry is growing at an exponential rate, with seven times more utility-scale energy storage capacity today than at the end of 2020. Currently, the U.S. energy storage industry supports over 60,000 jobs in technology innovation, advanced manufacturing, engineering, and construction. Over the next decade, energy storage capacity will add tens of thousands of megawatts to America’s electric grid. 

“The clean energy transition cannot succeed without extraordinary growth in energy storage. American energy must be clean, affordable, reliable, and secure. Energy storage is essential to achieving each of these national imperatives,” said Jason Grumet, ACP CEO. “ACP’s membership is on the cutting edge of the energy storage revolution. ACP RECHARGE will serve as the ultimate destination to share ideas, display technological advances and participate in dynamic forums that address the challenges we face ahead.” 

The conference is taking place alongside the Formula E racing event in Portland —which will feature the exciting single-seater motorsport championship league for electric cars. Registration for ACP RECHARGE will give attendees a chance to access tickets for the race taking place on June 29.  

“The energy transition is happening faster than expected and recent extreme weather events have inspired a renewed focus on grid reliability and resiliency. No technology resource is more poised than energy storage to meet today’s reliability needs and deliver on state clean energy goals,” said Mateo Jaramillo, CEO of Form Energy. “We look forward to ACP RECHARGE and the timely opportunity to explore diverse emerging technologies, the policy frameworks that can unleash the many benefits of energy storage, and the strength and capabilities of our dynamic industry.”  

“Events like ACP RECHARGE Summit are an exciting step for the energy storage industry,” said John Zahurancik, President of Fluence. “The industry is growing at lightning speed. That speed means forums like this are critical in elevating safety, expanding the supply chain and supporting reliable power systems all over the world.” 

“As the energy storage industry continues its impressive growth, the inaugural ACP RECHARGE is the place to be for the latest on financing, technology, and markets,” said Jacquie DeRosa, VP of Energy Storage for Ameresco. “I’m excited to see our energy storage leaders in Portland to celebrate successes, exchange insights and drive the next phase of storage advancements. Together, we’re shaping a sustainable energy future.”  

Register today at https://cleanpower.org/energy-storage-conference/. 

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US Energy Storage Installations Set New Record in Q3 2023 https://cleanpower.org/news/u-s-energy-storage-monitor-q3-2023/?utm_source=rss&utm_medium=rss&utm_campaign=u-s-energy-storage-monitor-q3-2023 Wed, 13 Dec 2023 13:45:34 +0000 https://cleanpower.org/?post_type=press_release&p=47913 7,322 MWh total new capacity additions across all segments 

A visualization from ACP and Wood Mackenzie's Q3 2023 Energy Storage report.

Image: US Energy Storage Monitor | Q4 2023, American Clean Power Association and Wood Mackenzie

HOUSTON/WASHINGTON, December 13, 2023 The U.S. storage market hit a new high in Q3 2023, installing the most capacity in a quarter to date with 7,322 megawatt hours (MWh) becoming operational in the third quarter of 2023. 

As outlined in the American Clean Power Association (ACP) and Wood Mackenzie’s latest US Energy Storage Monitor report, the U.S. grid-scale segment saw quarterly installations increase 27% quarter-on-quarter (QoQ) to 6,848 MWh, a record-breaking third quarter for both megawatts (MW) and megawatt-hours (MWh) installed.  

“Energy storage deployment is growing dramatically, proving that it will be essential to our future energy mix. With another quarterly record, it’s clear that energy storage is increasingly a leading technology of choice for enhancing reliability and American energy security,” said ACP Chief Policy Officer Frank Macchiarola. “This industry will serve as the backbone of our modern grid. As we continue to build a strong domestic supply chain, streamlined permitting and evolving market rules can further accelerate the deployment of storage resources.” 

The cumulative volume installed between Q1 and Q3 of this year, which totals 13,518 MWh, has already surpassed the total volume in all of 2022 which ended at 11,976 MWh.  

“However, the Q3 installation record could have been greater were it not for the roughly 80% of projects in the pipeline expected for Q3 being delayed to a later date,” explained Vanessa Witte, senior research analyst with Wood Mackenzie’s energy storage team.  

The residential segment bounced back from the low volume recorded in Q2 to install 166.7 MW and 381.4 MWh in Q3, a 29% increase QoQ in MW-terms. The largest increase was in California, which almost doubled its installed capacity QoQ to install 78.4 MW. All other states deployed a combined total of 88.31 MW, falling just short of the 89.53 MW deployed in the previous quarter.  

In contrast, deployment in the community, commercial, and industrial (CCI) storage segment fell 7% QoQ, with installations finalizing at 30.3 MW and 92.9 MWh. Installations in California were notably higher, with a 35% increase QoQ, though Massachusetts did not record any community storage deployments, bringing down the overall volume.  

The U.S. storage market is forecasted to install approximately 63 GW between 2023 and 2027 across all segments, a 5% decline from the Q2 forecast, according to the latest report.  

For grid-scale, while the segment’s 2023 forecast increased just slightly due to strong Q3 volume, the remainder of the forecast lowered by 7% on average. “The segment is facing multiple headwinds that have emerged this year, resulting in a volatile near-term pipeline and difficulty in bringing projects to mechanical completion,” Witte commented.   

“Grid-scale declines were more focused on challenges not only with supply and permitting, but also with the backlog of applications in most ISOs interconnection queues that are preventing projects to move through the development process,” Witte continued. 

The 2023 residential forecast increased by 4% as the California market began to pick up in Q3 after the passage of NEM 2.0. The residential segment is expected to double between 2023 and 2025, but growth slows later in the forecast period as solar penetration in California heightens. In other states, incentive programs and solar compensation rates will continue to be the biggest predictor of growth, even as the market faces near-term economic headwinds. 

Interconnection queue challenges and a lack of state policy incentives limited the CCI segment. The 2023 CCI segment forecast declined 12% QoQ, as per Wood Mackenzie’s latest analysis. This was largely caused by low installation volumes between Q1 and Q3. “This segment is more reliant on a variety of factors, such as state incentives, community solar programs and standalone potential in various states,” Hanna Nuttall added, a research analyst with Wood Mackenzie’s energy storage team. 

Nuttall continued, “The CCI segment is still forecasted to double in 2024 as California opens its community solar and storage program. Commercial and industrial storage is expected to become a larger share of the forecast in 2025 and beyond, which will bring more geographic diversity to the US market.” 

For further information please contact Wood Mackenzie’s media relations team: 

APAC
Hla Myat Mon, T: +65 8533 8860, E: hla.myatmon@woodmac.com 

Americas
Mark Thomton, T: +1 630 881 6885, E: Mark.thomton@woodmac.com

Europe
Vivien Lebbon, T: +44 330 174 7486, E: Vivien.lebbon@woodmac.com  
Kevin Baxter. T: +44330 1249400, E: kevin.baxter@woodmac.com
The Big Partnership (UK PR agency). E: woodmac@bigpartnership.co.uk    

About Wood Mackenzie  

Wood Mackenzie is the global insight business for renewables, energy and natural resources. Driven by data. Powered by people. In the middle of an energy revolution, businesses and governments need reliable and actionable insight to lead the transition to a sustainable future. That’s why we cover the entire supply chain with unparalleled breadth and depth, backed by over 50 years’ experience in natural resources. Today, our team of over 2,000 experts operate across 30 global locations, inspiring customers’ decisions through real-time analytics, consultancy, events and thought leadership. Together, we deliver the insight they need to separate risk from opportunity and make bold decisions when it matters most. For more information, visit woodmac.com 

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American Clean Power Honors Iowa Champions of Clean Energy https://cleanpower.org/news/acp-honors-ia-champions-of-clean-energy/?utm_source=rss&utm_medium=rss&utm_campaign=acp-honors-ia-champions-of-clean-energy Tue, 12 Dec 2023 19:37:43 +0000 https://cleanpower.org/?post_type=press_release&p=47881 The logos for Power Up Iowa and the American Clean Power association (ACP).

Awards Going to Sen. Grassley, Gov. Reynolds, and IEDA Director Durham
New Report Highlights $25 Billion in Utility-Scale Clean Power Investments in Iowa

Ankeny, IA – The American Clean Power Association (ACP) and Power Up Iowa (PUI) will honor U.S. Senator Chuck Grassley, Governor Kim Reynolds, and Iowa Economic Development Authority (IEDA) Director Debi Durham as Champions of Clean Energy. Thanks to their leadership, Iowa has increased diversification in agriculture income, generated substantial tax revenue for Iowa’s rural communities, and improved the state’s renewable energy portfolio.

In advance of the award ceremony, ACP today released a new report detailing the significant contributions made in Iowa from utility-scale clean energy projects. The Clean Energy Powers Iowa report finds that 61% of the state’s energy capacity is currently generated through solar and wind projects. Clean energy capacity in the state now stands at 13,278 megawatts (MW), enough to power 4.2 million homes.

“Iowa is a clean energy success story, producing and using clean power for a greater share of the state’s electricity generation mix than any other state. Thanks to the leadership of Senator Grassley and Governor Reynolds, Iowa has achieved this success with broad public support,” said ACP CEO Jason Grumet. “Senator Grassley has long championed the partnership between clean energy and Iowa’s rural and agricultural communities. Governor Reynolds is leading the nation in demonstrating the economic benefits of clean energy in local communities and the statewide economy. IED Director Durham has enabled a culture of innovation that has propelled small business development and local investment into the state’s clean energy economy. It is a great pleasure to acknowledge Senator Grassley, Governor Reynolds, and Director Durham and the example they have set for the nation.”

The Champions luncheon on Friday, December 15, will also mark the 40th anniversary of Iowa’s renewable portfolio standard and the 30th anniversary of the Wind Energy Incentives Act of 1993, authored by Sen. Grassley.

“I have always been a strong champion of renewable energy and the ability for farmers to diversify their operations through some of Iowa’s most bountiful resources: wind and solar,” said Senator Chuck Grassley. “I am honored to be recognized by the American Clean Power Association for my work on behalf of the people of Iowa, and I look forward to our continued work to grow renewable energy opportunities across Iowa.”

Building on the momentum of tax incentives announced in the last year, billions more in investments are projected by 2030. Iowa report highlights include:

  • $25 Billion – Today’s total private sector investment in Iowa’s utility-scale solar, wind, and storage projects.
  • $13 Billion – The expected private sector investment through clean energy projects that will support Iowa’s clean energy economy by 2030.
  • $73.4 Million – The amount paid annually through Iowa land lease payments.
  • $61.5 Million – The annual investment in local and state taxes paid by the industry.
  • Nearly 5,500 Iowa jobs are supported by the clean energy industry.

“It’s a privilege to help honor these dynamic leaders in the renewable energy space,” said Des Moines Area Community College President Rob Denson. “Their leadership has a long reach – from economic development and homegrown energy to the production of high-paying careers for DMACC’s graduates. When the renewable energy industry grows, Iowa grows with it.”

A Celebration of Clean Energy in Iowa – Champions of Clean Energy Awards Luncheon
Date: Friday, December 15, 2023
Time: 11:30 AM – 1:00 PM
Location: FFA Enrichment Center, 1055 SW Prairie Trail Pkwy, Ankeny, IA 50023 (DMACC’s main campus)

To RSVP for the event contact Mak Heddens at mheddens@strategicelements.com or 515-450-2954.

CONTACT:
Sabrina Fang
Sfang@cleanpower.org
703-283-2091 

Mak Heddens
mheddens@strategicelements.com
515-450-2954 

About PUI 

Power Up Iowa, an initiative of the American Clean Power Association, is a statewide coalition of renewable energy supporters advocating for local, state and federal policies and initiatives that enhance Iowa’s wind and solar energy investment. By educating, raising awareness, and participating in conversations with our state’s leaders, Power Up Iowa will help make the case for renewable energy investment to revive and drive our local economies.

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NEW REPORT: Record Third Quarter for US Clean Energy Installations https://cleanpower.org/news/new-clean-power-quarterly-report-q3-2023/?utm_source=rss&utm_medium=rss&utm_campaign=new-clean-power-quarterly-report-q3-2023 Wed, 01 Nov 2023 11:45:40 +0000 https://cleanpower.org/?post_type=press_release&p=46450 • Industry sets third quarter installation record, though challenges to growth remain
• Battery storage deployment to date exceeds total 2022 installations
• Land-based wind commissions drop significantly  

Image: U.S. Annual and Cumulative Clean Power Capacity Growth. Source: Clean Power Quarterly Market Report | Q3 2023

WASHINGTON DC, November 1 – The American Clean Power Association (ACP) today released the Clean Power Quarterly Market Report | Q3 2023, showing that the industry brought online 5,551 megawatts (MW) of utility-scale clean power capacity in the third quarter of 2023, enough to power 813,000 American homes. Third quarter installations increased 13% over the same period in 2022 and set a record for the strongest third quarter to date. Across the country, clean energy developers began commercial operations at 88 projects across 24 states.

The U.S. now has over 243 gigawatts (GW) of operating clean power, providing over 16% of U.S. electricity, enough electricity to power the equivalent of nearly 65 million homes.

“The demand for American clean energy is undeniable,” said ACP CEO Jason Grumet. “Even as we face a number of near-term challenges, these record-breaking numbers tell us that the U.S. clean energy sector continues to grow on a healthy, long-term trajectory.”

Grid-scale battery storage is being installed rapidly, having already exceeded total 2022 installations in just nine months. The industry connected 2,142 MW / 6,227 MWh of storage in the third quarter, bringing year-to-date installations to 4,374 MW / 13,444 MWh. Solar installed 3,121 MW in the quarter, outpacing the rate of installations in 2022 but slightly behind 2021 volumes. Just 288 MW of land-based wind capacity were commissioned in the third quarter, a 77% decline year-over-year. Year-to-date installations of solar, wind, and storage fell 6% as a slow first quarter and a sharp decrease in third quarter wind capacity additions contributed to the decline in year-to-date installation volumes.

Clean Power Pipeline: Projects Under Construction or in Advanced Development

While the full impacts of the Inflation Reduction Act (IRA) are yet to be determined, the IRA’s effect on the clean energy industry is evidenced by the growth in utility-scale project development pipeline. As of the end of Q3 2023, the project pipeline increased 10% year-over-year to 145,545 MW. There are currently 59,568 MW under construction and 85,977 MW in advanced development. The battery storage pipeline is strongest, having grown by an impressive 50% year-over-year, while the solar pipeline increased 8%.

Clean Power Procurement

Although quarterly installation levels surpassed 2022 levels in Q2 and Q3 of this year, power purchase agreement (PPA) announcements remain tepid amidst market headwinds. In the third quarter, 3.1 GW of PPAs were announced, a 55% drop from the same period in 2022.

Key Highlights | Q3 2023

  • Installations: Developers began commercial operations at 88 projects across 24 states in Q3. The industry installed 5,551 MW of utility-scale clean energy in Q3, representing enough power for 813,000 American homes.
  • Pipeline: Solar continues to dominate the project pipeline, accounting for 58% of clean power capacity currently under development. Battery storage and land-based wind each represent 15% of the pipeline, with offshore wind making up 12%.
  • Sector Snapshot: Overall, solar led the quarter with 3,121 MW of installations, with battery and land-based wind following at 2,142 MW and 288 MW, respectively.
  • Delays: Since the end of 2021, over 56 GW of clean power capacity has been delayed. This includes 16,639 MW of projects that were expected to come online during the first three quarters of 2023.
    • Accounting for 67% of all delays, solar projects appear to be most impacted.
    • On average, projects are delayed by 14 months.
  • Power Purchase Agreements: Through Q3 of 2023, solar comprised 59% of all PPA announcements while land-based wind represented 32%.
    • Compared to Q3 of 2022, solar PPA announcements for this quarter decreased by 59%, wind by 21%, and battery storage by 55%.
  • Progress to Date: Across the U.S., cumulative operating clean power capacity now stands at over 243 GW, accounting for 16% of total electricity generation.
    • California, a leader in clean energy, accounted for 1,900 MW (34% of clean power commissioned in Q3), while Texas and Arizona took the second and third spots, with 949 MW and 516 MW respectively.
    • Cumulatively in 2023, California leads the nation with 3,031 MW installed, followed by Texas, which added 2,381 MW to the grid and Florida, which added 1,578 MW.

A scaled-down version of the report is available to the public, with ACP membership granting access to the full Clean Power Quarterly Market Report | Q3 2023.

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NEW REPORT: U.S. Grid-Scale Energy Storage Installations Set New Record in Q2 2023 https://cleanpower.org/news/new-report-u-s-grid-scale-energy-storage-installations-set-new-record-in-q2-2023/?utm_source=rss&utm_medium=rss&utm_campaign=new-report-u-s-grid-scale-energy-storage-installations-set-new-record-in-q2-2023 Mon, 25 Sep 2023 14:29:18 +0000 https://cleanpower.org/?post_type=press_release&p=45357 An image of ACP's logo and Wood Mackenzie's logo.

Grid-scale leads with 5,109 MWh; CCI and residential segments decline 

A graphic from ACP/Wood MacKenzie's U.S. Energy Storage Monitor report showing deployments year over year.
Source: US Energy Storage Monitor Q3 2023 | American Clean Power Association, Wood Mackenzie

HOUSTON/WASHINGTON, September 25, 2023 – Across all segments of the industry, the U.S. energy storage market added 5,597 megawatt hours (MWh) in the second quarter of 2023, a new quarterly record. The grid-scale segment led the way with a record-breaking 5,109 MWh in Q2, beating the previous record in Q4 2021 by 5%, according to a new report released today. 

According to Wood Mackenzie and the American Clean Power Association’s (ACP) latest U.S. Energy Storage Monitor report, the grid-scale segment drove the market and achieved 172% growth quarter-over-quarter. California dominated activity, with 738 megawatts (MW) and a 49% share of installed capacity. 

“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,” said ACP VP of Research and Analytics, John Hensley. “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.” 

Wood Mackenzie projects the grid-scale segment to be the main driver of the market in its five-year forecast from 2023-2027, accounting for 83% of total installations, or 55 gigawatts (GW).  

“We saw a huge bounce back in Q2 after consecutive quarterly declines in the market,” said Vanessa Witte, senior analyst with Wood Mackenzie’s energy storage team. “Many projects delayed from prior quarters, largely due to supply chain issues, were able to come to fruition this past quarter. However, even with the record, the projected pipeline did not fully materialize, with more than 2 gigawatts (GW) pushed back.” 

Community, commercial, and industrial (CCI) installations, at 107 MWh, were higher than any quarter in 2022 but could not 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 recorded its second-straight quarter of decline at 381.2 MWh, behind Q1’s 388.2 MWh. California has seen the biggest decline, decreasing 17% quarter-over-quarter and 37% year-over-year.  

Said Witte: “We still project strong growth for the residential segment in our five-year outlook, reaching a total of 8.0 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.” 

Read the executive summary or purchase the new report 

A graphic from ACP/Wood MacKenzie's U.S. Energy Storage Monitor report showing market outlooks.
Source: US Energy Storage Monitor Q3 2023 | American Clean Power Association, Wood Mackenzie

For more information, contact American Clean Power Association (ACP):       

Phil Sgro
press@cleanpower.org  
771.208.9388 

For further information please contact Wood Mackenzie’s media relations team: 

Kevin Baxter  
+44 330 124 9400 
Kevin.Baxter@woodmac.com 

Vivien Lebbon 
+44 330 174 7486 
Vivien.lebbon@woodmac.com  

Mark Thomton 
+1 630 881 6885  
Mark.thomton@woodmac.com 

Sonia Kerr 
+44 330 174 7267 
Sonia.kerr@woodmac.com  

About Wood Mackenzie  

Wood Mackenzie is the global insight business for renewables, energy and natural resources. Driven by data. Powered by people. In the middle of an energy revolution, businesses and governments need reliable and actionable insight to lead the transition to a sustainable future. That’s why we cover the entire supply chain with unparalleled breadth and depth, backed by over 50 years’ experience in natural resources. Today, our team of over 2,000 experts operate across 30 global locations, inspiring customers’ decisions through real-time analytics, consultancy, events and thought leadership. Together, we deliver the insight they need to separate risk from opportunity and make bold decisions when it matters most. For more information, visit woodmac.com. 

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NEW REPORT: Private Sector Investments in U.S. Clean Energy Sector Exceeded $270 Billion in Last Year https://cleanpower.org/news/investing-in-america/?utm_source=rss&utm_medium=rss&utm_campaign=investing-in-america Mon, 07 Aug 2023 09:00:11 +0000 https://cleanpower.org/?post_type=press_release&p=44152 80+ New or Expanded Manufacturing Facilities Announced in Last 12 Months

Image Source: ACP’s Clean Energy Investing in America report

WASHINGTON, August 7, 2023 – Today, the American Clean Power Association (ACP) released data showing that unprecedented federal support has led to the announcement of private investments totaling $271 billion in domestic clean energy projects and manufacturing facilities over the past 12 months. This exceeds the combined clean energy investments made over the previous eight years.

The latest Clean Energy Investing in America report details the extent of the clean energy renaissance spreading across the country since federal clean energy incentives were signed into law last August. Once completed, these investments and projects will strengthen our energy independence, improve air quality, and support one million American clean energy jobs. 

“Investment in clean energy production and manufacturing is surging. New jobs and revenue are bringing opportunity and optimism to rural communities across the country. America’s manufacturing centers are competing to meet new clean energy demand with a new domestic wind, solar or storage manufacturing facility announced every four days,” said ACP CEO Jason Grumet. “ACP member companies are powering the U.S. economy with clean, reliable, and affordable American energy. The United States has the technology, human capital, and financial capacity to achieve clean energy dominance. The only question is whether government policy will allow us to build the clean energy infrastructure in time to seize this opportunity.” 

Highlights from the report include public announcements from the past year of: 

  • 184,850 megawatts (MW) of new utility-scale clean energy capacity 
  • $4.5 billion in consumer savings 
  • 29,780 new manufacturing jobs  
  • Over $22 billion in manufacturing investment 
  • 83 new or expanded utility-scale clean energy manufacturing facilities – equivalent to a manufacturing facility being announced every four days 

Manufacturing facilities for utility-scale clean energy components have been announced in districts across the country, and multiple states have announced five or more facilities, including Georgia (7), Tennessee (6), South Carolina (6), Texas (5), and Colorado (5). 

The report also unveils a significant uptick in the manufacturing capacity of clean power components, thanks to the 83 announced facilities. Should currently announced manufacturing facilities reach operation, ACP estimates a nearly ninefold increase in solar module production and a more than fifteenfold increase in grid-scale battery storage, along with significant increases in production output for solar cells, polysilicon, ingots and wafers, blades, towers, and nacelles. 

The Path Ahead 

This data reveals that the industry is planning to build clean energy faster than ever before. However, supply chain issues, inflation and opposition driven by misinformation are all hindering renewable energy development and must be addressed in order to reach the full potential of the incentives provided. 

Additionally, Congress still needs to pass permitting reforms to unlock the full potential of existing energy laws. If it continues to take five to 10 years to permit a clean energy facility, these investments will be stymied. 

While some improvements were made in the recent debt limit deal, there is plenty of room for more commonsense reforms that make the process more efficient while safeguarding environmental protection. It is also imperative that Congress find common ground on transmission policy to ensure that cheap, abundant clean energy can find its way to consumers. 

Read ACP’s new Clean Energy Investing in America report here 

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REPORT: 2023 Sees Second-Highest Q2 on Record for U.S. Clean Energy Installations https://cleanpower.org/news/market-report-2023-q2/?utm_source=rss&utm_medium=rss&utm_campaign=market-report-2023-q2 Thu, 03 Aug 2023 14:28:26 +0000 https://cleanpower.org/?post_type=press_release&p=44150 • Installations return to 2022 levels after first quarter dip
• Battery storage installations grow 32% year-over-year
• Clean energy project pipeline increases 13%

This image is a screenshot of a graph from ACP's Q2 2023 Clean Power Quarterly Market Report.Image: Installed Clean Power Capacity through Q2, Annual.  Source: Clean Power Quarterly Market Report | Q2 2023

WASHINGTON DC, August 3, 2023 – The American Clean Power Association (ACP) released the Clean Power Quarterly Market Report | Q2 2023 today, showing that the industry installed 5,218 megawatts (MW) of utility-scale solar, wind, and storage capacity in the second quarter – representing enough clean generation to power nearly 1 million American homes and making Q2 2023 the second-highest second quarter for clean power installations. The report also finds a significant 13% increase in clean power projects under construction or in advanced development compared to the same time last year.

“Clean power installations returned to growth, with the clean energy industry logging its second-best second quarter as America forges ahead toward a clean power future,” said John Hensley, VP of Research and Analytics. “Despite persistent headwinds from regulatory, trade, and supply chain pressures, clean power project additions rebounded as developers managed through delays and worked to keep projects on schedule. To help maintain this momentum, especially as the clean power pipeline grows, we continue to urge policy makers to find bipartisan solutions to address the supply chain and federal permitting challenges obstructing America’s full job-creating clean energy potential.” 

Throughout the second quarter of 2023, clean energy developers commissioned 105 clean power projects across 38 states. Solar accounted for over 50% of clean power capacity installed, with storage accounting for nearly 30%. The increase in battery storage installations from the second quarter of 2022 was notable – the segment experienced 32% growth.  

Clean Power Pipeline: Projects Under Construction or in Advanced Development 

Though it is still too early to observe the effects of last year’s unprecedented federal incentives on clean power installations, their preliminary influence can be observed partially via the new-build pipeline which encompasses 145,592 MW of clean power potential, representing both projects currently under construction and those in advanced development stages.  

Compared to the same time last year, projects in the solar pipeline increased 16%, with solar now accounting for 59% of America’s entire clean power project pipeline. The battery storage project pipeline grew an astonishing 45%, now composing 15% of all clean power projects currently under development. Meanwhile, the wind power pipeline increased 8% quarter-over-quarter, showing its first positive change since the third quarter of 2021. 

Project Delays 

Project delays continue to mount with developers reporting 12 GW of new delays in the second quarter. By the end of the second quarter of 2023, accumulated project delays totaled 55 GW. On average these projects have been delayed 13 months as component procurement challenges, trade frictions, higher costs, regulatory delays, and other challenges have held up projects. Despite these delays, more than half of that capacity is expected to be online by the end of the year.  

 Key Highlights | Q2 2023 

  • Installations: The industry installed 5,218 MW of clean power in Q2 2023 – representing enough electricity to power nearly 928,000 American homes and making Q2 2023 the second-highest second quarter to date after Q2 2021. 
  • Pipeline: Now encompassing 145,592 MW of clean power, the development pipeline grew by 13% compared with the second quarter of 2022, and grew by 43% compared with the second quarter of 2021. 
    • Of the sectors, the battery storage pipeline showed the most significant increase with a 45% growth. 
  • Sector Snapshot: Solar led the quarter (2,740 MW), followed by battery storage (1,510 MW) and wind (968 MW).  
  • Delays: 35 GW of clean power expected online prior to Q3 2023 have been delayed. 
    • More than half of this power is still expected to come online by the end of this year. 
  • Power Purchase Agreements: PPA announcements have decreased by 57% compared with the Q2 2022. 
    • Corporate announcements fell by 63%, while utility announcements rose by 49% 
  • Progress to Date: Cumulatively, operating clean power capacity in the U.S. is now more than 237 GW, accounting for 15.1% of electricity generated. 
    • Texas, the clean power hub, leads with 26,353 MW (18% of total operating U.S. clean power). California follows with 15,918 MW (11%), and New York ranks third with 9,085 MW (6%). 
    • Leading 2023 clean power installations is Florida (1,497 MW), followed by Texas (1,428 MW) and California (1,129 MW). 

Download the Clean Power Quarterly Market Report | Q2 2023. 

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Industry Veteran Bahaa Seireg Joins ACP as Senior Director of Energy Storage https://cleanpower.org/news/bahaa-seireg-senior-director-energy-storage/?utm_source=rss&utm_medium=rss&utm_campaign=bahaa-seireg-senior-director-energy-storage Tue, 01 Aug 2023 12:00:01 +0000 https://cleanpower.org/?post_type=press_release&p=44118 WASHINGTON DC, August 1, 2023 – The American Clean Power Association (ACP) today announced that Bahaa Seireg has joined as Senior Director of Energy Storage. This new role underscores ACP’s commitment to championing storage technologies pivotal to the integration of clean energy on America’s grid.

In this role, Seireg will lead policy and advocacy initiatives that promote energy storage deployment while engaging directly with stakeholders to advance this critical sector. Seireg has played a leading role in multiple energy regulatory organizations throughout his career, leveraging a strong background in economics to advance growth across the industry.

“Bahaa brings a wealth of experience in industry analysis and project coordination, making him an excellent fit to guide ACP’s energy storage strategy,” said Frank Macchiarola, ACP’s Chief Policy Officer. “As ACP continues to shape energy policy, his expertise across the industry will be a crucial asset to our members’ success.”

Most recently, Seireg served as the Director of Policy Research at Clearloop, overseeing regulatory, interconnection, and permitting processes for the firm’s distributed solar energy projects. Prior to Clearloop, he served at major companies in the electric power industry, such as Consolidated Edison, EDF North America, Pacific Gas and Electric (PG&E), and the Federal Energy Regulatory Commission (FERC), where he conducted numerous comprehensive regulatory policy studies. Seireg holds a Master of Business Administration from Duke University and a Master of Arts in Economics from George Mason University.

Seireg joins ACP on August 2, 2023.

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ACP Statement on NEPA Phase 2 Rule https://cleanpower.org/news/acp-statement-on-nepa-phase-2-rule/?utm_source=rss&utm_medium=rss&utm_campaign=acp-statement-on-nepa-phase-2-rule Fri, 28 Jul 2023 17:41:28 +0000 https://cleanpower.org/?post_type=press_release&p=44070 WASHINGTON, D.C., July 28, 2023The American Clean Power Association (ACP) generally supports the Administration’s new guidance intended to help accelerate environmental reviews for clean energy projects and infrastructure. While we are appreciative of the steps the Council on Environmental Quality (CEQ) has taken to undertake these much-needed reforms, it’s critical that Congress build upon these actions and tackle comprehensive, meaningful reform to improve the efficiency of the permitting process for clean energy projects and infrastructure.

ACP plans to fully review the final National Environmental Policy Act (NEPA) Phase 2 rule to better understand how it will impact clean energy permitting. We believe NEPA can be reformed to reduce permitting delays without diminishing the intent of the act to consider the environmental effects of federal actions. ACP looks forward to working with CEQ and Congress as they consider further permitting reforms to ensure they strike the right balance of making the process more efficient and workable, while preserving thorough reviews.

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