U.S. energy storage sector commits to $100B investment by 2030

The U.S. energy storage industry will invest $100 billion over the next five years to build and buy batteries made in the United States, the American Clean Power Association and company representatives said Tuesday.

The announcement adds about $85 billion to a set of “active investments” worth $10 billion to $15 billion, executives with the trade group said in a press briefing.

The commitment “represents a clear pathway to supplying 100% of U.S. energy storage projects with American-made batteries by 2030,” but depends on a “streamlined permitting environment” and predictable tax and trade policy, ACP said.

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