ORRICK
ENERGY STORAGE UPDATE
2021 – 2022
By any measure, 2020 served as a banner year for the global energy storage market, despite significant challenges posed by the COVID-19 pandemic. Investment in storage projects worldwide in 2020 increased almost 40% year-over-year to $5.5b, which included more than $1.5b in the United States. Moreover, 3.5 GWh of new storage capacity were installed in the United States in 2020, more than the 3.1 GWh of storage capacity installed between 2013 and 2019 combined…
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