Related Articles
Storage is often paired with renewable power projects
Forward article link
Share PDF with colleagues

LS Power’s Rev launch signals take-off for US storage market

US market set for rapid growth, with both standalone and coupled storage projects gaining traction

The launch of new company Rev Renewables by US power developer LS Power, which has the largest power storage portfolio in the US, comes as the country's storage market starts to see accelerating growth. Planned US power storage capacity is due to grow sevenfold by the end of 2024, rising to 12GW compared with 1.65GW at the start of 2021, according to a recent report from the EIA. That would mark a compound annual growth rate of 93.75pc in just three years compared with just 35pc growth in 2020. “A big part of Rev is going after that opportunity,” says Cody Hill, senior vice president of battery systems at the company. California alone now has more than 1GW of storage online compared with j



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Turbine manufacturers post major losses
26 January 2022
GE and Siemens Gamesa Renewable Energy have announced multimillion-dollar losses over 2021 and the past quarter, while Vestas posts cautious 2022 guidance
New EIB-backed energy efficiency fund to tackle ‘huge underinvestment’
26 January 2022
Solas Sustainable Energy Fund to support energy efficiency projects mainly in Germany, Spain and Ireland and is aimed at small-to-mid-size insurers and pension funds
Crediting emissions saved in plugging oil and gas wells
26 January 2022
Avoided emissions could be credited as carbon offsets and sold on exchanges
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video